Identity and Access Management for Mitigating Security Risks
Identity and access management (IAM) is a process of managing and defining roles and access of the users and the circumstances under which that access can be granted or denied. Users can be either customers or an employee, but the objective of IAM is to provide a single digital identity per user that would be monitored across the user’s access lifecycle. IAM, by identifying and authenticating the user’s identity, ensures that the right individuals are getting access to the right resources for the right reasons.
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Best ways to mitigate risks using IAM solutions
- Customer identity and access management: IAM solutions enable enterprises in managing and authenticating the users’ roles and identity.
- User account provisioning: IAM solutions, by automating the creation and management of user accounts & their access, ensure that compliance is met. Defining and implementing policies for user access protects organizations from insider threats.
- Single sign-on: Single sign-on allows the user to enter unique credentials and access all the other applications, thereby eliminating the need for managing too many passwords.
- Multifactor authentication: Assigning several authentication factors is necessary before granting access. IAM solutions, by authentication, secure the organization’s digital assets. Multifactor authentication proves to be more efficient than a single factor or two-factor authentication.
- Identity governance & compliance: IAM solutions, by eliminating the manual efforts on IT audits, provide a more secure environment. IAM enables risk/compliance managers to identify violations quickly and make appropriate access decisions.
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IAM is considered as an essential factor during the planning of security strategy, as it acts as a barrier for any malware entering an organization network. Multi-factor authentication is best chosen to address online payment fraud activities. IAM, by enforcing required limitations, helps organizations of different sizes and industries in preventing security incidents. Enterprises are keen to pick IAM solutions based on the requirement. IAM, by offering better protection than simple passwords, helps organizations in mitigating the security risks. Shared credentials, weak passwords, and inappropriate permissions allow the threat vector to access sensitive and confidential information. IAM solutions, by managing the authentication, password-related issues, and unauthorized access, solve these challenges and ensure the enterprise operations run smoothly.
– Sonam Chawla
ICT – Research Analyst