The Akeyless State of Secrets Management Report: 96% of Organizations are Vulnerable to Breach Due to Mismanaged Secrets

Survey sponsored by Akeyless Security finds that modern DevOps and Multi-cloud environments are susceptible to secrets-related breaches. Over 70% of organizations have had credentials, certificates and keys breached in the last two years

TEL AVIV, Israel and NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Akeyless Security, provider of  Vaultless™ Secrets Management Platform, today released the "2024 State of Secrets Management Survey Report," revealing new insights into the perils of Secrets Sprawl – when enterprise credentials, certificates, and keys remain unmanaged and unprotected. Prominent recent breaches, like those experienced by Microsoft in June 2023 and LastPass and Uber in August and September 2022 respectively, underscore the potentially catastrophic ramifications of this type of vulnerability.

The report was based on responses from 200 CISOs, Directors and Managers in the fields of Application Security, Cloud Security and Information Security, Security Engineers and other senior security professionals in companies with 1,000+ employees, across the US, UK, and Europe.

The inaugural report's findings pose a critical warning to enterprises ignoring these issues.

Key Findings

• Secrets Management rises as a Top Priority: 1 in 3 security professionals have ranked Secrets Management among their top 5 priorities.
• Alarmed by Secrets Sprawl: An overwhelming 88% of respondents are troubled by Secrets Sprawl, and 96% of professionals admit secrets found scattered across DevOps code, files, and systems.
• Secret Leak is a Dangerous Reality: An unsettling 70% have actually experienced secret breaches in the last two years.
• Gap in Usage: More than half (56%), are using point solutions that do not have the breadth of Secrets Management capabilities, leaving the majority potentially ill-equipped against sophisticated threats.
• Longer time to mitigate: Point solutions are ill-equipped to act fast, resulting in an average of 36 hours for mitigation.
• C-suite underestimates time to mitigate: While on-the-ground managers predict leak mitigation to be around 40-42 hours, C-Suite executives expect it to be notably less, potentially underestimating the gravity.
• Strong demand for Secrets Management solutions: An impressive wave of 34% practitioners are planning to implement a centralized enterprise solution for Secrets Management by 2024.

"Evidently, secrets management is an urgent and critical priority for enterprise security practitioners and leaders," said Oded Hareven, Co-Founder and CEO of Akeyless Security. "Existing solutions in the market are complex, expensive, and do not scale easily. The Akeyless Vaultless Platform is the broadest in functionality, strongest in security, and fastest to deploy for your secrets management needs. Our customers have witnessed a 70% lower TCO compared to conventional Vaults."

The complete "2024 State of Secrets Management Survey Report" can be downloaded here.

Get a free demo of the Akeyless Vaultless Platform here.

About Akeyless Security
Akeyless Security is the company behind Akeyless Vaultless™ Platform, a cloud-native SaaS-based approach to help manage enterprise secrets - credentials, certificates, and keys - while effectively phasing out conventional vaults and slashing associated costs by up to 70%. Designed for Infosec and DevOps professionals in enterprise hybrid and multi-cloud environments, the Akeyless platform efficiently controls Secrets Sprawl and automates Secrets Management. The platform also provides extensions to Secure Remote Access, Key Management and Password Management solutions. Leveraging patented Distributed Fragments Cryptography (DFC™), Akeyless is a trusted partner of many Fortune 500 companies and enables them to have safe and complete control over their secrets.

For more information, please visit Akeyless at Akeyless.io, or via LinkedIn

Media contact:
Anne-Marie Avalon
Head of Content & Communications, Akeyless Security
[email protected]

SOURCE Akeyless