40% of Enterprises Face High Likelihood of Outages According To State of Machine Identity Management Report: Keyfactor

Keyfactor, the leader in PKI as-a-Service and crypto-agility solutions, and Ponemon Institute today released the first-ever State of Machine Identity Management Report, a study exploring enterprises’ ability to manage and protect machine identities, keys and certificates in digital business.

Distributed workforces and the proliferation of connected devices have contributed to a rapid rise in the volume of machine identities. As a result, increased workloads, lack of visibility, misconfigurations and shorter SSL/TSL certificate lifespans are creating concern and risk for IT professionals and security leaders.

Additional key report findings:

  • Certificate-related outages are widespread: 88% of organizations reported experiencing at least one unplanned outage due to expired certificates in the past 24 months. Another 41% reported four or more outages.
  • The rate of failed audits is rising: on average, organizations experienced approximately five failed audits or compliance incidents due to insufficient key management within the past 24 months. Compared to other machine identity-related incidents, such as unplanned certificate outages or theft and misuse of keys and certificates, audit failures are considered the most serious, according to 75% of respondents. 
  • Neglected SSH credentials and code signing keys are increasing security risk: 57% of respondents do not have an accurate inventory of SSH keys and 26% say they never rotate SSH credentials. Many enterprise teams continue to store sensitive code-signing keys on build servers (33%) and developer workstations (19%).
  • Enterprises are struggling to establish internal policies, governance and best practices: only 1/3 of organizations report having a mature cryptographic center of excellence (CCoE) to support the direction and implementation of an enterprise-wide cryptography strategy. 
  • Staffing shortages: 40% of respondents identified a lack of skilled personnel as a barrier to setting an enterprise-wide cryptography and machine identity strategy. Only 45% of teams say they have sufficient staff dedicated to their PKI deployment.

The study was conducted by Ponemon Institute on behalf of Keyfactor and includes responses from 1,162 IT and infosec executives and practitioners in North America and EMEA, spanning 12 industries, including financial services, healthcare, manufacturing, retail and automotive.

View the complete findings and download the 2021 State of Machine Identity Management Report today.

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