Ping Identity report: Verified trust drives business performance and security

Companies that continuously verify user identities in real time demonstrate superior performance, experiencing faster growth, reduced fraud, enhanced compliance, and saw greater operational efficiency, particularly as AI-driven threats escalate. This is according to a new paper by Ping Identity, which surveyed nearly 800 organizations globally and found that most are overestimating their capabilities in establishing trusted digital identities, leaving them vulnerable to various risks, with further coverage provided by Tech Radar.

The Ping Identity paper, based on IDC's survey, highlights a significant gap between perceived and actual verified trust. While 51% of organizations believe they lead in establishing trusted digital identities, only 9% meet IDC's stringent criteria.

Organizations meeting these criteria report substantially better outcomes: 51% higher customer registration conversion rates, 44% stronger compliance readiness, 43% lower fraud losses, and 47% faster workforce onboarding. Leaders in verified trust are also more likely to implement advanced methods like biometrics and passkeys, with 80-83% adoption compared to less than 30% for early-stage adopters.

Source: Tech Radar