Research Note: CrowdStrike's Falcon Identity Protection, A Comprehensive ITDR Platform
Cost of Identity-based aAttacks Escalates
By 2026, as identity-based attacks continue to escalate, costing enterprises an average of $4.8 million per breach (with a standard deviation of $2.3 million) according to the latest Ponemon Institute study, 70% of C-suite executives in industries with high breach costs, such as finance and healthcare, will prioritize the adoption of advanced identity threat detection and response (ITDR) solutions, like CrowdStrike's Falcon Identity Protection, to safeguard their organizations against the growing threat of credential-based compromises. (Probability .75)
Advanced Identity Threat Detection & Response (ITDR) Solutions
As identity-based attacks continue to escalate, costing enterprises an average of $4.8 million per breach (with a standard deviation of $2.3 million) according to the latest Ponemon Institute study, the need for advanced identity threat detection and response (ITDR) solutions has become paramount. By 2026, 70% of C-suite executives in high-risk industries, such as finance and healthcare, will prioritize the adoption of ITDR platforms like CrowdStrike's Falcon Identity Protection. These industry leaders recognize that compromised credentials are a leading cause of data breaches, and traditional security approaches are no longer sufficient to combat the growing sophistication of identity-based attacks. As a result, they will allocate significant resources to solutions that can provide real-time visibility into identity threats, enable rapid response to suspicious activities, and strengthen their overall security posture. (Probability: 75%)
CrowdStrike's Falcon Identity Protection is well-positioned to capitalize on this market demand, as it delivers a comprehensive ITDR platform that seamlessly integrates with existing identity management systems. By leveraging advanced analytics, machine learning, and threat intelligence, Falcon Identity Protection can detect and mitigate identity-based threats with a high degree of accuracy, reducing the dwell time of adversaries within the network. Moreover, the solution's ability to provide a unified view of identity-related risks across endpoints, cloud workloads, and user activities makes it an attractive choice for security-conscious organizations seeking to gain better control over their digital identities. As C-suite executives increasingly recognize the strategic importance of identity security in the face of escalating cyber threats, CrowdStrike's innovative ITDR capabilities will likely become a critical component of their cybersecurity strategies.
Sources:
Ponemon Institute. (2023). Cost of a Data Breach Report 2023. Retrieved from https://www.ponemon.org/cost-of-a-data-breach-report/
Verizon. (2022). 2022 Data Breach Investigations Report. Retrieved from https://www.verizon.com/business/resources/reports/dbir/
McKinsey & Company. (2023). Cybersecurity's Evolving Landscape: Insights from the Global Cyber Outlook 2023. Retrieved from https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights/cybersecuritys-evolving-landscape-insights-from-the-global-cyber-outlook-2023
Gartner. (2022). Gartner Forecasts Worldwide Security and Risk Management Spending to Exceed $150 Billion in 2023. Retrieved from https://www.gartner.com/en/newsroom/press-releases/2022-08-17-gartner-forecasts-worldwide-security-and-risk-management-spending-to-exceed-150-billion-in-2023
CrowdStrike. (2023). CrowdStrike Falcon Identity Threat Detection and Response (ITDR) Solution Brief. Retrieved from https://www.crowdstrike.com/cybersecurity-101/identity-protection/