This is Why Identity and Access Management Should Always be Taken Seriously
IAM or Identity and Access Management is a framework of business policies and technologies for making sure that the right people have right access to the right technology resources. Hence, the risk of not having a proper IAM places the data at a huge risk and this may lead to non-compliance of GDPR which is riskier. IAM solutions give you the power to manage the electronic identity for accessing the information as well as the resources. It means that IAM solutions secure the content from the unauthorized access by integrating the authentication layers between the users, important apps as well as the data.
What is mainly protected is the on-site or SaaS Apps and web service APIs on all business units ranging from business-to-employee or B2E to B2C. IAM solutions also support BYOD or bring your own device by the means of social identity integration for registration, account linking and user authentication purposes. The apps may run on customers’ land or in the cloud.
Last but not the least, IAM market is segregated on the basis of component into audit, password management, compliance, authorization, governance, SSO or single sign on, session management, directory services and provisioning.
Why should you be concerned?
Considering all new regulations into account, a lack of implementation or poor IAM implementation poses the company at higher risks. There are many factors to drive the IAM market like increasing the usage of BYOD trends, using mobile devices at work, and rising number of cybercriminals who have the unauthorized access to steal the sensitive data. An organization should always aim to prioritize system security and having a secure environment at all cost. Or else, loss of any kind of sensitive information and financial losses may cause a dramatic effect for any organization. In order to meet the needs of security and regulatory compliance you need to have the right IAM solution to also assist the new businesses adapting in the Digital Transformation. You should also address the issue of keeping up with the workforce indulged in different roles in a company. If the granted privileges are not revoked when an employee leaves the company or changes their duties, it can also pose a higher risk as a whole.
- It will make the person a target for cybercriminals as their privilege denotes a great access credential as an easy and nasty way to gain access to a bigger chunk of the system.
- Sometimes it may also become an inside threat for the person committing the data theft. When companies forget to revoke the access from the former employee, they can still access and browse in the system freely.
So always make onboarding and off-boarding a priority in order to manage the security risk of the company.