Skip to content

Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

RSA’s 2025 ID IQ Report “Shocked”-Highlights High Costs of Identity Breaches and Shift Toward AI and Passwordless Security

Posted on November 5, 2024November 25, 2024 By Martin Hinton
Listen to the Article

In a landscape where digital security is paramount, RSA’s 2025 ID IQ Report underscores critical cybersecurity trends that organizations need to be aware of. Rohit Ghai, RSA’s CEO, frames the study as a reality check and a call to action. The report analyzes responses from over 2,000 cybersecurity, identity, access management, and tech professionals from 62 countries. Despite many participants identifying as experts in cybersecurity, they struggled with essential security principles, revealing a gap for organizations aiming to stay secure. Designed to assess knowledge of crucial security practices like Zero Trust architecture and password management, the report produced surprising results: nearly half of all participants answered at least half of the questions incorrectly.

“We were surprised—if not a little shocked—at some of the answers we got back.”

Rohit Ghai, RSA’s CEO

The responses highlight vulnerabilities that attackers can exploit and raise concerns about industries’ security preparedness. For instance, participants commonly misunderstood Zero Trust, a framework critical in today’s landscape where insider threats are rising. Misunderstanding such a foundational concept can result in ineffective defense strategies and increased attack exposure. Similarly, password management questions revealed widespread gaps, with many respondents failing to recognize the importance of unique, complex passwords and the risks of password reuse. This practice can compromise an entire organization if a single account is breached.

In his executive summary, Ghai was somewhat blunt: “We were surprised—if not a little shocked—at some of the answers we got back.”

Our further takeaways are as follows. You can read the whole report here.

The RSA logo consists of two red bars placed diagonally across a black, diamond-shaped background. The bars intersect with each other in the middle of the diamond, and the space inside of each bar remains black. The bars also are thick and have rounded edges.
Costly Breaches and Financial Impact

The report reveals that 42% of respondents suffered identity-related breaches within the last three years. Alarmingly, two-thirds of these breaches were classified as severe. The financial fallout is substantial: 44% estimated identity breach costs to surpass those of a typical data breach. When asked to quantify the impact, nearly a quarter estimated costs between $1 million and $5 million, while 23% placed the total over $5 million, with some reaching as high as $10 million or more.

AI’s Potential in Cybersecurity

AI’s role in cybersecurity is no longer theoretical, with 80% of respondents believing it will benefit cybersecurity more than criminals over the next five years. Sectors such as finance, entertainment, and retail lead the way in AI integration, with 79% of organizations planning to add AI capabilities within the next year. While the optimistic outlook spans industries, challenges remain. Functions like authentication and access management are seen as AI’s primary areas for improvement, though some sectors, particularly agriculture and public services, remain wary of potential AI-enabled risks.

Passwordless Security Gains Traction

More than half (51%) of respondents log into work accounts six or more times a day, a constant source of friction that has driven many companies to explore passwordless solutions. The report found that 61% of organizations plan to implement passwordless authentication within the year, with identity and access management (IAM) experts being some of the strongest advocates for this transition. However, challenges linger, as 24% expressed doubts about the maturity of passwordless standards for enterprise use, while 15% cited a lack of trust in the technology.

Security Software on Personal Devices Sparks Debate

The report also highlights a divide in attitudes toward monitoring software on personal devices. While 73% of IAM experts and 60% of cybersecurity specialists are open to installing corporate security software on their personal devices, only 39% of general respondents agreed. This disparity signals potential hurdles in aligning security protocols across organizational hierarchies.

Hybrid Environments Present Complex Challenges

Seventy percent of organizations operate in hybrid environments that blend cloud and on-premises applications. The report suggests that managing such setups is challenging, with recent high-profile outages underscoring the need for resilient infrastructure. Ghai advises organizations to act decisively in bolstering hybrid solutions, citing recent disruptions that cost companies millions in lost productivity and revenue.

Conclusion: Navigating the Future of Cybersecurity

As organizations confront an increasingly complex cybersecurity landscape, the RSA 2025 ID IQ Report calls for proactive investment in identity security. “The future might be bright,” Ghai reflects, “but we can’t let the glare distract us from the essential work that we do every day.”

Other News: The Role of Human Error in Cybersecurity Failures and How to Mitigate It(Opens in a new browser tab).

Other News: Many of the National Guardsmen activated for election focus on cybersecurity.

Martin Hinton

Martin Hinton is the Executive Editor and Publisher of Cyber Insurance News and Information. With over three decades of journalism experience across six continents, his work encompasses investigative reporting, documentaries, and coverage of cultural, political, and business news. To learn more about his career, click on his name to visit his LinkedIn page.

Cyber Insurance, Cybersecurity, Cybersecurity Report Tags:AI, Artificial Intelligence, cyber insurance, cyber liability insurance, Cybersecurity, Identity Breaches, Passwordless, Passwordless Security, RSA, RSA’s 2025 ID IQ Report

Post navigation

Previous Post: Cyber Monitoring Centre and British Chambers of Commerce join forces to analyze cyber incidents
Next Post: MSPs Struggle With Cybersecurity Solutions, Guardz Survey Finds

Related Posts

  • Mulberri and Qualys Team Up to Offer Cyber Insurance Discounts to SMEs Cyber Insurance
  • Marsh Expands Cyber ECHO Facility to $125M, Offering Largest Excess Cyber Coverage in Market Cyber Insurance
  • Cowbell Resiliency Services Launches to Combat AI Cyber Threats AI & Cyber Insurance
  • Cyber Coverage Slashed by Major Insurers;  Ransomware Compared to Celebrated High-Margin Crime of ’90s Cyber Insurance
  • Cowbell Cyber Touts Customer Numbers Cyber Insurance
  • Cyber Insurance Market Grows, But C-Suite and Board Engagement Remains Low Cyber Insurance

Get the Cyber Insurance Newsletter

Receive weekly updates on the top news on cyber insurance.

Cyber Insurance News

Cyber Insurance News
In the wake of the Harrods hack and cyberattacks impacting other retailers, the alarming state of UK cybersecurity will be revealed in 2024. From cyberattacks hitting major UK retailers like Co-op and Harrods to small businesses struggling without protection, the message is clear—cybercrime is a national threat.

New research by Pen Underwriting reveals that while 90% of UK and Irish businesses feel secure, only 47% have dedicated cyber insurance. Even more shocking—only 18% of businesses earning under £1 million are covered. The cost isn’t just financial—real people suffer, like the couple who lost their wedding cake due to a ransomware attack.

Watch now to understand:

Why UK businesses are dangerously unprepared

How cyberattacks are more common than fires or theft

The key role of employee training, data backups, and multi-factor authentication (MFA)

Why cyber insurance is no longer optional

Visit www.cyberinsurancenews.org for the latest cyber insurance and cybersecurity updates.

#UKCybersecurity #CyberInsurance #SmallBusinessSecurity #CyberCrime
Harrods hack UK Cybersecurity Crisis: Shocking Stats, Real Victims & Business Risks. #cybersecurity
Cyber Insurance Compliance Is Reshaping Security in 2025!

Cyber insurance compliance is no longer optional—it's a driving force behind how companies build and execute cybersecurity strategies. In this video, we break down the latest insights from the 2025 State of Pentesting report:

✅ 59% of U.S. businesses now implement new security tools based on insurer recommendations
✅ 93% of CISOs are guided by mandates from insurance providers
✅ Pentesting isn't just for compliance—it's about proving you're covered and protected
✅ The average enterprise is spending $187,000+ annually on penetration testing

As premiums stabilize, cyber insurance compliance is pushing companies toward proactive, automated, and continuous risk assessment. Learn how to stay ahead, reduce exposure, and align with both regulators and insurers.

💡 Don’t forget to like, subscribe, and hit the bell to stay updated on the latest in cybersecurity and insurance trends!

#CyberInsuranceCompliance #CyberSecurity #PenetrationTesting #CISO #InfoSec #CyberInsurance #RiskManagement #Compliance2025 #EnterpriseSecurity #CyberDefense #TechTrends #InsuranceTech
Cyber Insurance Compliance Is Reshaping Security in 2025 #cyberinsurance
In this video, we break down the massive cyber insurance settlements following the CDK Global ransomware attack that rocked the automotive industry. 🚗💻

Auto giants like Asbury Automotive Group reported up to $10 million in cyber insurance recovery, while AutoNation only recently filed their claim — months after the breach! We explore the financial disclosures, the delayed responses, and what this means for car dealerships, investors, and cybersecurity preparedness.

Learn:
✔️ How cyber insurance is shaping post-breach recovery
✔️ Why SEC filings like 10-Q and 8-K matter
✔️ What lessons other businesses can learn from this
✔️ The real cost of a ransomware attack in automotive retail

🔔 Subscribe for more deep dives into cybersecurity, tech, and industry trends!
#cyberinsurance #CDKGlobal #RansomwareAttack #AutoIndustry #CyberSecurityNews
$10M Cyber Insurance Payout: CDK Ransomware Fallout Hits Auto Giants | #cyberinsurance
Load More... Subscribe

Categories

  • AI & Cyber Insurance
  • AI & Cybersecurity
  • Critical Infrastructure cyber insurance and security
  • Cyber Cat Bonds/Cyber Catastrophe Bonds
  • Cyber Insurance
  • Cyber Insurance APAC
  • Cyber Insurance Best Practices
  • Cyber Insurance Captive
  • Cyber Insurance Carriers & Brokers
  • Cyber Insurance Claims
  • Cyber Insurance EU
  • Cyber Insurance Financial Institutions
  • Cyber Insurance for Government
  • Cyber Insurance for Healthcare
  • Cyber Insurance for Schools
  • Cyber Insurance for SMEs/SMBs
  • Cyber Insurance For Startups
  • Cyber Insurance for Utilities
  • Cyber Insurance Geographic Markets
  • Cyber Insurance Industry Groups
  • Cyber Insurance Investments and M&A
  • Cyber Insurance Jobs
  • Cyber Insurance Laws & Regulations
  • Cyber Insurance Litigation
  • Cyber Insurance Market Size
  • Cyber Insurance MENA
  • Cyber Insurance News & Information Podcst
  • Cyber Insurance People
  • Cyber Insurance Policies & Strategies
  • Cyber Insurance Premiums
  • Cyber Insurance Reports
  • Cyber Insurance Settlements
  • Cyber Insurance Sunday – Upload
  • Cyber Insurance Systemic Risks
  • Cyber Insurance Tech
  • Cyber Insurance Threats
  • Cyber Insurance UK
  • Cyber Insurance Underwriting
  • Cyber Insurance Wholesaler
  • Cyber Regulations
  • Cyber War Exclusions
  • Cybersecurity
  • Cybersecurity and Credit Ratings
  • Cybersecurity for SMBs
  • Cybersecurity in Education
  • Cybersecurity Investment
  • cybersecurity jobs
  • cybersecurity M&A
  • Cybersecurity people
  • Cybersecurity Report
  • Cybersecurity Training
  • Department of Homeland Security
  • EU Cybersecurity
  • Insurance Linked Securities/ILS
  • Insurance Loss Warranty contract/ILW
  • Managed Service Providers
  • National Association of Insurance Commissioners' (NAIC) model cybersecurity law
  • Non-criminal Claims/Non-Malicious Claims
  • Opinion/Commentary
  • Personal Cyber Insurance
  • Personal CyberSecurity
  • Ransomware Insurance
  • Reinsurance
  • Risk Modeling
  • SEC Cyber Disclosure Rule
  • Small Business
  • Supply Chain Cybersecurity And Insurance

Send Ideas, Requests & Comments




    Tags

    AI Artificial Intelligence At-Bay Beazley CFC Chubb Cloud Security Coalition Corvus Cowbell Cowbell Cyber crowdstrike cyber attack Cybercrime cyber crime CyberCube cyber insurace cyberinsurance cyber insurance cyber insurance for small businesses Cyber Insurance Market Cyber liability Insruance cyber liability insurance cyberliabilityinsurance Cyber Resilience Cyber Risk Cyber Risk Management cyber security Cybersecurity cybersecurity insurance Cyber threats Data Breach Howden Lloyds Marsh Microsoft personal cyber insurance phishing Ransomware Ransomware Insurance reinsurance Resilience Risk Management SecurityScorecard small business
    • Cyber Insurance Books
    • Cyber Insurance Reports & Documents
    • Cyber Insurance Acronyms/Terms
    • Cyber Insurance Companies: Carriers, Brokers & Vendors
    • Industry Response: Potential Federal Insurance Response to Catastrophic Cyber Incidents
    • Ransomware Insurance
    • How Much Is Cyber Insurance?
    • Considerations for Buying Cyber Insurance
    • Cyber Liability Insurance Near Me
    • Cyber Insurance Quote
    • Newsletter
    • Legal Analysis & Full Text of 2023 SEC Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
    • Glossary
    • About Cyber Insurance News
    • Privacy Policy

    • The Evolution of Cybersecurity: Introducing the International Cycore Facility Cyber Insurance Carriers & Brokers
    • Lloyd’s Syndicate 1176 and Chaucer Launch Cyber Insurance Policy for Nuclear Power Plants Critical Infrastructure cyber insurance and security
    • Feds Relaunch Cybersecurity Insurance and Data Analysis Working Group (CIDAWG) Cyber Insurance
    • Majority of EU Companies Unprepared for Looming NIS2 Cybersecurity Deadline, Veeam Survey Reveals Cybersecurity
    • Netwrix Reports Sharp Increase in Cyberattacks and Consequent Business Losses Cybersecurity
    • Agents Recognize Cyber Risks—Clients Remain Skeptical About Personal Cyber Insurance Cyber Insurance
    • Whoever Underwrote this Hospital System May Not Be Sleeping Well Cyber Insurance Carriers & Brokers
    • Growing Reliance on Stand-Alone Cyber Insurance Policies Questioned by New Book  Cyber Insurance Best Practices

    Related Cybersecurity Sites

    http://www.whatiscyberliability.com

    https://www.whatiscyberinsurance.com

    http://www.ddosattacktutorial.com

    http://www.ransomwareremovaltool.com

    Our Privacy Policy: https://cyberinsurancenews.org/privacy-policy/

    Copyright © 2024 Cyber Insurance News.

    Powered by PressBook Premium theme