As digital transformation gets more complex and personal information continues to be in high-demand by cyber criminals, there has never been a more critical time for financial service institutions to reinforce their identity security. Last year, Bank Negara set out a blueprint for the financial sector in identifying five strategic thrusts that will be the key enabler for Malaysia's digitalisation plan including advancing digitalisation of the financial sector. With 93% of financial institutions reporting a data breach within the last two years, modernising identity security programs is no longer a nice-to-have, it’s business essential. We speak with Chern-Yue Boey, SailPoint's Senior Vice President, APAC, about the topic of The state of identity security 2023: A spotlight on financial services.