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Why Should You Consider Identity Access Management?

Identity Access Management: IAM solutions allow your workforce to be more productive by simplifying login processes, allowing for the use of single sign-on, and providing tools that prevent security breaches. They also enable compliance with regulations and industry standards.

IAM provides multiple methods of authentication, from passwords to digital certificates and hardware or smartphone software tokens. This reduces the number of points of failure that hackers can exploit.

Security

So, what are the benefits of identity access management? IAM solutions protect users and information by using authentication, authorization, and access control. Authentication requires that users provide two pieces of evidence to prove their identity: something they know (passwords) and something they have (security tokens or user attributes). Using a risk-based approach, IAM solutions can look at contextual factors like a user’s device, network, location, and more to determine whether the user is who they say they are.

IAM can also help mitigate insider threats, which are one of the most common causes of data breaches. By providing new accounts with permissions based on their role (sales receive sales permissions, for example), IAM solutions can ensure that an employee’s performance cannot be escalated by hackers or compromised by coworkers.

Having a centralized source of user identity data can simplify processes, reduce errors, and speed up response times. Look for a solution that integrates with your existing systems to streamline workflow and reduce costs. When comparing prices, remember that some IAM solutions require a one-to-one configuration effort for every piece of sensitive data, such as PII or PHI. Look for a solution that uses a more scalable one-to-many configuration, such as a policy-based access control, so you can apply a single security setting to multiple data fields and make future changes with minimal effort.

Compliance

Identity access management solutions help businesses meet compliance requirements by ensuring only authorized users can access the correct data and systems. By using multifactor authentication, automating provisioning and de-provisioning processes, and leveraging role-based access control, IAM ensures that each user has exactly what they need to perform their job. This helps prevent hacking attacks by limiting the amount of data a rogue employee can access and establishing an audit trail in case of a breach.

With an IAM solution in place, your business can open its networks to partners, customers, and contractors without compromising security. This allows for greater productivity and efficiency while allowing your company to grow while maintaining security. In addition, an IAM solution can reduce help desk requests from employees by reducing the number of password resets and other issues that can be sent to IT teams.

Moreover, IAM is a vital tool for securing sensitive information because it lets companies get more granular with the permissions that they provide. This can mean blocking specific applications, limiting the time of day that a particular worker can log in, and other measures to prevent hackers from getting their hands on data. IAM also provides visibility into what users do when they have access, which can help meet compliance requirements in an ever-changing regulatory landscape.

Authentication

A business needs to verify that users are who they say they are, but it’s a complex task in a network that connects to on-premise systems, remote apps, and cloud services. IAM solutions automate and centralize access control so businesses can focus on what matters to them.

IAM also includes authentication features that prevent hacking by requiring multiple layers of security before allowing access. For example, IAM can support a dual-factor authentication approach that requires a user to prove their identity using something they know (password) and something they have (smartphone profile, hardware security keys).
Privileged access management is another essential feature of an IAM solution. It helps protect a company from insiders by preventing cybercriminals from hijacking accounts with administrative access. PAM combines several authentication factors, like device fingerprinting and IP address verification, to assess a user’s risk level before accessing sensitive data or critical systems.

An IAM system also makes managing accounts and permissions for large numbers of users easier. Instead of sending users emails and phone calls when they need to add new privileges or change existing ones, an IAM solution allows them to request these changes through a self-service portal. This reduces admin workload and helps ensure that the requested changes meet security standards.

Access Management

There is almost nothing that employees can do in modern workplaces without access to many different accounts and applications. These include Windows accounts, email and cloud services, third-party software and applications, and the many other ways users connect to business networks.

Identity and access management helps protect all these accounts by ensuring that only the right people have the correct privileges to handle them. This prevents hackers from getting into the network by stopping unauthorized users, and it also ensures that authorized users can do what they need to do with business systems.

This is accomplished through the use of access control features that are built into the identity and access management solution. Administrators can configure these access control features to require multiple forms of authentication before a user is granted access to the system. This includes requiring two-factor authentication (2FA) and other more secure methods, such as using a physical security token or a one-time code generated by an application.

The access control features of identity and access management can be further configured to grant access to users based on other attributes, such as department or job role. This is known as role-based access control, and it reduces the risk of users accumulating permissions over time that could threaten the confidentiality or security of sensitive data.

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