With more connected devices and applications entering into our work and professional lives every day, it’s no wonder the market for identity and access management (IAM) is poised to reach close to $21 billion in the next five years.
A recent story on Reuters; for example, showed that the rise of sensor networks comprising the Internet of Things (IoT) and bring-your-own-device policies in many corporate environments are making the security of digital tools more critical than ever. This is where IAM plays a role.
“The burgeoning prominence of compliance management and growing trend for mobility has given prominent importance for Identity and Access management,” the story said.
For most organizations, one of the biggest examples of compliance pressures involves the looming deadline for General Data Protection Regulation (GDPR). When it comes into effect next May, experts told TechTarget identity management will be essential to meeting the EU’s new privacy rules.
“Organizations should also develop clear, written security and compliance policies that state who has access to what data and how they can use it,” the article said. “Can a human resources manager view employees’ bank account information? Can IT administrators view GPS location from a user’s mobile device? Can a salesperson who deals with customer information share data from a corporate app to a personal one?”
Beyond these areas, IAM products and services offer a number other ways to mitigate risk and improve the cybersecurity position of large enterprises that CISOs and their teams haven’t even considered. These include:
1. Ward Off The Cyberattacks Closest To Home
As a story on Security Intelligence pointed out, many of the biggest dangers to enterprise security can come from rogue or ex-employees. IAM tools help counter these risks by improving visibility into the information and systems critical to a company’s operations, who uses them and how. When you have this kind of information at the outset, it becomes much easier to spot anomalies that can lead to a major breach.
2. Making Sure Mistakes Don’t Turn Into Disasters
All it can take is clicking on a malicious link or falling victim to a phishing scam for staff to unintentionally open the floodgates to hackers. ComputerWeekly suggested that, rather than relying on a virus scanner or something more simplistic, a solid IAM strategy can cut down on the potential for fraud and dangerous errors that are almost inevitable in most organizations.
3. Transitioning To The Cloud And Mobility With Confidence
The benefits of moving away from on-premise IT infrastructure and potential to empower teams with smartphone applications are sometimes outweighed by the perceived loss of control by the business. However, a recent post on CSO Online said that IAM can deliver similar abilities to watch over cloud-based resources and mobile assets as though they were still within the company’s own headquarters. That’s why research shows more IT departments hiring talent with IAM-related skills.
Whether you’re grappling with GDR, internal threats or mobility and the cloud, Crossmatch can arm you with the tools to deliver on a sophisticated IAM strategy. This includes products and services that monitor and manage the authentication of users across mission-critical systems using biometric identifiers and more. Contact us to learn more.