The 20 Coolest Identity Access Management And Data Protection Companies Of 2023: The Security 100
From vendors offering robust identity security capabilities to those focused on securing the data itself, here’s a look at 20 identity management and data protection companies to watch.
Coolest Identity Management And Data Protection Companies
With so many workers now outside the corporate firewall, hackers have increasingly been targeting identity credentials as the means to access a company‘s sensitive data. Misuse of identity credentials is by far the largest source of breaches, according to data from Verizon. That has prompted a number of industry analysts to declare that its the erosion of the firewall-based corporate perimeter, the new perimeter is really identity.
As a result, tools for identity and access management (IAM) have been in high demand, and vendors that can help control access to an organization’s applications and other resources have been generating strong growth. In Gartner’s 2022 Magic Quadrant for Access Management, which was released in November, the Leaders quadrant consists of CyberArk, ForgeRock, Microsoft, Okta and Ping Identity. Research firm MarketsandMarkets forecasts that the IAM market will surge to $25.6 billion by 2027, up from $13.4 billion in 2022.
Another key element to consider when securing against modern cyberattacks is perhaps a no-brainer: Data protection. While solutions such as data loss prevention (DLP) have existed for years, the technologies are considered increasingly critical as a way to stop both external attempts at data theft and insider threats. In fact, many businesses are now being prompted to deploy DLP to get a better rate on their cyber insurance, said Doug Wilfred, corporate security practice lead at SHI, No. 13 on CRN’s 2022 Solution Provider Provider 500. And ransomware also persists as a serious threat to data, he said, given that attackers will typically try to copy data before deploying ransomware and encrypting the victim’s systems. Ultimately, the issue of “how do I keep my data from leaving” is among the biggest questions that customers are asking today, Wilfred said.
What follows are the 20 identity management and data protection companies that made our Security 100 for 2023.