A survey conducted by Pulse on behalf of Hitachi ID has found that organizations often find it difficult to obtain mission critical passwords from employees when they leave the organization. 29 percent of respondents said that they has experienced an incident in the past year where they lost access to product systems after an employee left the organization.
The survey also suggests that many organizations know their secret and password management isn’t up to par. When asked whether an employee leaving the company could take passwords with them, only 5 percent say they were extremely confident that it wasn’t possible. If they have to urgently terminate an employee, only 7 percent of leaders are extremely confident they can transfer passwords and credentials, terminate access, and maintain business continuity.
“In the midst of the Great Resignation, every organization should be extremely confident that passwords will stay in the company regardless of which employees come and go,” said Ian Reay, Vice President, Product Management at Hitachi ID. “A password manager consistently, and securely manages decentralized passwords, secrets, and files, allowing employees to safely share access while avoiding disruptions or the risk of a breach.”