The HYPR 2024 Workplace Identity Security Report reveals significant gaps in identity protection: 92% of organizations faced identity fraud last year, averaging $4.33M in losses. Only 49% monitor employee identities daily, and 40% struggle with identity verification, taking over 8 hours during role changes. Social engineering, MFA fatigue, deepfakes, and interview fraud are rising threats. Despite these risks, 96% of organizations remain overly confident in outdated tools. The report urges adoption of phishing-resistant authentication, continuous risk monitoring, and unified identity standards to strengthen security.

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