With the introduction of emerging technologies, the need to have a convenient and secure place to store sensitive information becomes more prominent for organizations of all sizes as the environment everywhere continues to change and become more mobile-friendly. By properly implementing an efficient identity and access management system, this demand can be fulfilled. Identity Access Management (IAM) refers to the collection of business processes, information, and technology for digital identity management and use. It includes anything from password management to Single Sign-On.
What Is Identity Access Management?
Identity Access Management comprises numerous IT technologies, such as Single Sign-On, password management, profile management, and multi-factor authentication. Single Sign-On is a federated identity management service that allows a user to gain access to multiple systems and applications using one set of login credentials. This way, as they switch between systems, users do not need to provide their credentials multiple times. The general variables – something you know, something you are, and something you have – are leveraged by multi-factor authentication (MFA) to verify identities. Users are allowed by this authentication method to verify their identity via more than one set of credentials. For example, users can be required to enter a password and a one-time pin on an MFA device.
IAM also helps identify user accounts and manage them by ensuring that users are who they say they are and have the right permission to access the applications and services they are seeking. Besides, profile management helps companies to ensure that user data is up-to-date and precise. For example, when an HR professional needs to look up employee information in a corporate setting, they must first show the required qualifications to the system. First, the machine looks up the information it has been given and ensures that the data of the user is current. After the credentials are checked, access to the file will be given to the requester based on the authorization that the user has.
The Relevance of Identity Access Management
With so many studies and surveys showing that a significant percentage of breaches are related to either inadequate or mismanaged credentials, the value of Identity Access Management is amply clear. Without a proper control system in place, user information, whether it is passwords or email addresses, can easily become a difficult problem to monitor. Identity Access Management helps protect against security threats by enabling administrators to automate different activities related to user accounts. A framework for Identity Access Management can also help track many of the auditable things needed by industry policies and standards, such as the implementation and monitoring of access control. This involves the ability to provide an automated on-boarding workflow for employees, granting access, depending on their position, to systems and applications to which they are given access. It also involves the control through ‘one-button’ to withdraw employee access from all systems to which access via the IAM platform has been provided.
IAM systems also help companies meet the industry compliance standards and help them save money by minimizing the time taken to deal with user account related problems. Identity Access Management standardizes and even automates essential elements of identity, authentication, and authorization management, saving time and money for IT and reducing the company’s risk.
The numerous safety aspects provided by IAM solutions are essential to developing a successful program for data security. These are a few areas that security professionals need to address to secure their organizations when implementing strong identity and access control systems. To protect the network environment, the ability to monitor who comes in and out of the network of your company is essential. IAM helps businesses meet the mandatory compliance obligations with respect to data privacy as required by relevant laws.