December 10, 2019

What Is Identity and Access Management: Past, Present & Future

Many excellent new capabilities are now available to us since the advent of the Digital Age. But we also face a deluge of information. And delegating who gets to see what information represents a significant challenge. 

Not only is this true when it comes to cybersecurity, but it's also crucial in a variety of other areas, from real estate and lending to education. That's where identity and access management (IAM), comes into play. 

But what is identity and access management, and how does it help solve issues with information allocation? Read on for more information on this powerful resource.

What Is Identity and Access Management?

Identity and access management technology defines and manages how access to the right enterprise assets gets allocated and maintained for a variety of employees, stakeholders, and end-users within a network.

For example, think about the real estate industry. It relies on technology that can provide not only real estate agents but lenders and customers (both sellers and buyers) with access to the appropriate information on their network. 

How does IAM make this happen? IAM technology assigns each person within a network an individual digital identity. After being established, this digital identity must be monitored, modified, and maintained for each user's "access lifecycle."

Keeping track of who gets access to what at various stages of the game represents another complicated enterprise. But IAM makes it both seamless and, largely, effortless. And it protects your company against potential security breaches

IAM systems requires  an administrator. Esch one has the technology and tools to track user activity, create report on those activities, and change a user's role. The administrator ensures compliance with government and corporate policies, too. 

The Role of IAM

IAM technologies include:

  • Provisioning software
  • Reporting and monitoring apps 
  • Security-policy enforcement applications
  • Password-authentication tools
  • Reporting and monitoring identity repositories

From Microsoft SharePoint to Microsoft Office 365, identity management systems for on-premises systems are available. 

Whether you're looking for a system that can provide you with identity management and governance, risk-based authentication, or API security, there are a variety of IAM technologies with high business value.

Do I Need IAM?

Of course, when it's all said and done, the real question remains: do I need IAM? Absolutely!

After all, identity and access management is an essential function of any company's security plan. And it is inextricably tied to the productivity and security of organizations in today's digital economy.

What's more, comprised user credentials represent an easy entry point into a company's most precious information assets and network.

IAM represents your number one defense against a variety of security breaches, from malware to the risk of ransomware.

And we can't stress enough the importance of IAM's role in compliance management, too. Whether you're dealing with HIPAA or the General Data Protection Regulation, it is your responsibility to keep other's personal info safe.

IAM can help you remain compliant with relevant regulations AND save your company millions or even billions of dollars in the process. 

The Future of IAM

Now's the time to get in on this innovative security solution. It will free up for IT department for better things than handing out passwords. And it will ensure the safety of your data and information as well as compliance with regulations. 

Interested in more tech hacks to streamline your company's functionality? Contact us to discuss your company's security and access management needs.

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