cxo voice
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain
No Result
View All Result
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain
No Result
View All Result
Leaders Interview, IT and Technology News India | CXO VOICE
No Result
View All Result

Home » Enterprise » Think Beyond Security with Identity and Access Management (IAM)

Think Beyond Security with Identity and Access Management (IAM)

Adrian Johnson by Adrian Johnson
October 30, 2019
Reading Time: 5min read
Identity and Access Management (IAM) system Advancements and better control

Image: Adrian Johnson Director – Technology TechnoBind

Share on FacebookShare on TwitterShare on LinkedinShare via E-Mail

Adoption of Digital Transformation by new-age businesses is making the management of digital identities more crucial for the organizations. Data quality is fundamental and basic need to establish your business. Identity and Access Management (IAM) is becoming increasingly important to protect business critical data against outsider cyber threats and ensure that the right users have access to the right information. The traditional Identity and Access Management practices were designed to manage employees’ information access authorization. But with the emerging technologies, especially AI & IoT, organizations began to use Identity and Access Management (IAM) to understand their customers or employees of the company.

Experts predict Identity And Access Management (IAM) Market will reach worth about $24.12 Billion By 2025

Why Identity and Access Management (IAM) System?

Today’s digitally enabled economy, Identity and access management (IAM) must be a critical part of any enterprise security planning, as it is directly related to the security and productivity of an organization. User credentials, treated as the backbone of any business when compromised, often serve as a cakewalk entry point into an organization’s network and its information assets.

One of the pathways to safeguard business critical data is to grant access to the right enterprise assets to the right users in the right context, from a user’s system onboarding to permission authorizations to the off boarding of that user. Thus, enterprise businesses need to opt for Identity and Access Management (IAM) systems to monitor and protect their information assets against rising threats.

Identity and Access Management system provides administrators with the tools and technologies to change a user’s role, track user activities, create reports on those activities and enforce policies on an ongoing basis. These systems are designed to provide a means of administering user access across an entire enterprise and to ensure compliance with corporate policies and government regulations. The core objective of IAM systems is one digital identity per individual. Once that digital identity has been established, it must be maintained, modified and monitored throughout each user’s access lifecycle.

Advancements in Identity and Access Management (IAM) systems

With the furthering of technology processes, Identity and Access Management systems have become much smarter. They no longer just hinge on a username and password to grant or deny access to the user. They use contextual information such as login location, time, date, browser, operating system, IP address and additional details and construct an explicit profile of the person or device trying to access the information. If something appears to be abnormal, IAM systems automatically restrict access and protect the information.

With the information collected, Identity and Access Management (IAM) systems open a number of new ways to improve the customer’s digital experience.

1. Offers an elevated customer experience

IAM can now make data and network access much faster, frictionless, enabling customers to access services without a password because the Identity and Access Management system recognizes the login coming from its usual geographical location on a device that’s been pre-approved and at a normal time of day.

2. Empowering  your customers

Consumers are increasingly worried about data privacy, and want more transparency regarding their personal data transactions. Also, they want the right to forget their information shared to access particular website. Identity and Access Management makes it easy for businesses to be able to locate and determine any device the consumer has interacted with and determine how those devices are using customer data. Thus, Identity and Access Management (IAM) can be a part of a strategy to help an organization to empower their customers

3. Improving security on cloud environments

As we increasingly store applications and data files which contain personal and confidential information in the cloud, it is important that we take all measures to secure cloud assets in order to prevent system breaches and data loss. Identity and Access Management (IAM) is considered one of the most effective ways to provide cloud security. The operational areas of IAM include authentication management, authorization management, federated identity management and compliance management. These approaches ensure that only the authorized users are given permission into the cloud environments.

4. Improving everyday business operations

IAM data can serve different parts of your business for different purposes such as sales and marketing, R&D departments, etc. It helps the senior management to make better decisions based on real-time, up-to-date information. This sort of capability is vital to drive better customer loyalty and organizational revenue. Thus, IAM can also improve the day-to-day operations within a business, promoting growth of the organization.

Also Read: Ransomware Grows 118% in 2019, McAfee Labs Report Shows Firms Face 504 New Threats per minute

Better Access Control in Digitally Advanced Cyberspace

Identity and Access Management (IAM) system Advancements and better control

In parallel to the developments happening in this advanced technology world, innovative Identity and Access Management (IAM) vendors are making use of edge computing, moving the processing of data closer to where the data is generated, reducing latency and helping to allow interactions to happen at machine speeds. To have a complete control and visibility over organizational systems and business-critical data, companies must be equipped with Privileged Access Management (PAM) solutions.

Also Read: The Need for Data Protection in Every Business 

A robust PAM solution ensures that all the user actions are monitored and can be audited in case of a security breach. With high level security, control and monitoring features, PAM solution features are sub categorized into password management, privileged session management, vendor privileged access management and application management. Privileged user accounts are significant targets for attack as they have elevated permissions, access to confidential information and the ability to change settings. If compromised, a large amount of damage could be made to organizational operations. Thus, Privileged access management is important for companies that are growing or have a large, complex IT system.

Data protection is considered as a vital issue in any organization. The highest level of data protection can be attained with the inclusion of good IAM & PAM systems. Businesses should look for robust Identity and Access Management (IAM) & PAM services, not just from the security prospective but as an asset to drive organizational value through identity.

Tags: Access ManagementcybersecurityIAMIdentity and Access ManagementIdentity Managementsecurity
Adrian Johnson

Adrian Johnson

Adrian Johnson is Technology Director at Technobind Solutions Pvt Ltd. He has a vast experience across various functions and roles in IT and Technology Sales.

Related Posts

Banking cybersecurity
Cyber Security

Why Banks and NBFCs must exercise extra cybersecurity measures during festival times?

December 11, 2020
Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

November 30, 2020
Cyber Security Awareness
Cyber Security

Five Ways To Enhance Cyber Security Awareness

November 18, 2020
Cloud Security and Digital Transformation, the Top Priority for Enterprises as Pandemic Drags On
Cloud

Cloud Security and Digital Transformation, the Top Priority for Enterprises as Pandemic Drags On

November 17, 2020
Why digital India is vulnerable to new-age cyber attacks
Cyber Security

Why digital India is vulnerable to new-age cyber attacks

November 6, 2020
Endpoints security
Cyber Security

Endpoints, the New Data Security Frontier in the age of WFH

September 28, 2020
XDR to Transform Enterprise Threat Detection & Response
Cyber Security

XDR to Transform Enterprise Threat Detection & Response

September 3, 2020
protect against insider threats: CyberSecurity practices
Cyber Security

How to protect against insider threats: CyberSecurity practices

August 18, 2020
Load More
Next Post
Global CX Summit

Global CX Summit 2019: Experience. Engage. Evolve

ADVERTISEMENT

Expert Views

Key Fintech Trends to look out for in 2021
Finance

Key Fintech Trends to look out for in 2021

January 8, 2021
Banking cybersecurity
Cyber Security

Why Banks and NBFCs must exercise extra cybersecurity measures during festival times?

December 11, 2020
impact of Covid-19 on retirement planning
Insurance

The impact of Covid-19 on retirement planning

December 1, 2020
Cyber Security Awareness
Cyber Security

Five Ways To Enhance Cyber Security Awareness

November 18, 2020
Low Code: Transforming Banking, Today and Tomorrow
Banking

Low Code: Transforming Banking, Today and Tomorrow

November 9, 2020

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

-
Security While Working Remotely interview with Filip Coftas
Cyber Security

Security While Working Remotely [Interview]

-
Akita Security Device Help you Protect your Security During COVID-19 [Interview with Zakir Hussain]
COVID-19

Can Akita Security Device Help you Protect your Security During COVID-19 [Interview]

-
digital transformation and customer experience Newgen software
Interview

Digital Transformation Journey helps Newgen Software Improve Customer Experience [Interview]

-

Entrepreneur

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

Significance Of Ethical Entrepreneurship In The Post COVID-19 Economy

Five tips for entrepreneurs to tide over the coronavirus crisis

CXO VOICE is a premier resource for the enterprises, SMBs and Startups CXOs and business leaders, It enables CXOs and business executives gain access key insights, experts views, analysis, business strategy, and leaders interviews on what’s happening in the market and its impact.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]

Newsletter

Subscribe to our mailing list to receives newsletter direct to your inbox!

  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2018 CXO VOICE

No Result
View All Result
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain

© 2018 CXO VOICE