Secret Double Octopus (SDO), a company based in Menlo Park, California, has unveiled its 2026 State of Identity Security in Financial Organizations report. This report is a result of a survey conducted among 200 IAM leaders and stakeholders working in financial services firms in the US and Canada. The findings highlight a significant disparity between these organizations' perceived level of security and the actual maturity of their identity security measures. This study sheds light on the challenges faced by financial organizations in safeguarding their systems and data.