Okta Inc. has released a new report highlighting the significant impact of identity security on reducing potential cyber losses. The report emphasizes the importance of adopting end-to-end identity security measures, such as access management, governance, privileged access, and threat detection, to safeguard both workforce and customer data. By adopting a comprehensive approach to identity security, organizations can proactively mitigate vulnerabilities and ensure a secure user experience. The report also provides insights into effective budget allocation for cybersecurity by aligning security measures with business goals and demonstrating return on investment to company leaders. Okta's collaboration with Marsh McLennan, a professional services firm with a decade of experience in cyber insurance claims analysis, further bolsters the report's findings. The analysis aims to assist organizations in gaining favorable policies from cyber insurers by showcasing their identity security maturity. For more detailed insights, stakeholders are encouraged to read the full report, which outlines the value of investing in identity security solutions.