CISOs are significantly challenged by advancing attacks, security point solutions, and operational silos. This report analyzes underlying problems at FIs and insurers and presents a business and functional vision for how identity framework investments create transformative impact. The vision requires leaders to pause endless pursuits of better user features and think beyond traditional identity and access management (IAM) norms. To ignite the enterprise and improve security assurance, CISOs and other leaders must consider specific identity capabilities driven by modern technology and artificial intelligence. The report also highlights recent vendor capabilities that deliver on these lofty outcomes.

This report leverages the Datos Insights’ identity taxonomy launched in 2022, describing modern identity capabilities and opportunities in the market. It also leverages two 2023 Datos Insights research reports that emphasize digital identity, the results of several surveys of and discussions with Datos Insights’ FI and Insurer Cyber Executive Councils, and strategic discussions with four market-leading providers. Clients of Datos Insights’ Cybersecurity service can download this report.

This report mentions HYPR, Okta, Radiant Logic, and Strata Identity.