The recent, numerous high-profile attacks targeting identity processes, like those by the Lapsus$ group, underscore the need for strong identity security. New research by the Identity Defined Security Alliance found that 90% of organizations had an identity-related incident in the past year with two-thirds of those suffering direct business impact as a result. Identity verification and identity authentication are both essential elements of a comprehensive identity security strategy. While they sound similar, they serve very different, but interconnected, purposes.