In this report, nearly half of organizations anticipate a threefold increase in the total number of identities, with machine identities squarely in the driver’s seat (but largely under-secured and over-privileged). This growth in vulnerable identities, boosted by the ongoing AI transformation and pervasive cloud computing, is a here-and-now threat ready to be exploited by bad actors with the AI-powered ability to execute at scale. In the last 12 months, 93% of organizations suffered two or more identity-related breaches.