The rapidly changing landscape of cybersecurity has increased the demand for secure access.

FREMONT, CA: Technology continues to evolve, and the effects on organizations are significant. The benefits of technology go hand in hand with an increase in cyber threats. Emerging threats are becoming increasingly intelligent. This results in business startups relying on approaches outside of the norm for data and asset protection. Year after year, cyberattacks cost organizations trillions of dollars in financial losses. Identity and Access Management IAM solutions and services are required here.

The followings are various IAM tools based on their use cases, how these tools benefit a business, and the protocols that determine success:

Password Management Tools – These tools simplify managing all the passwords without memorizing them each time.

Provisioning Tools for Software – These tools assist in the management of user information across systems and applications.

Security Policy Enforcement Tools – These tools ensure that improper behavior is detected quickly, that real-time access is traced, and those business policies are enforced effectively.

Reporting and Monitoring Tools – These tools keep an eye on accounts that are at risk of being compromised and on applications that have been granted permissions.

Identity Repositories – These are the locations where all user and group information is stored.

Benefits of Identity Access Management (IAM) tools for a business

Increased Security

User credentials that have been compromised are the first point of entry for any intruder attack. IAM Tools ensure that multiple layers of security protect businesses’ credentials and networks.

Productivity in Business

Managing and controlling access in a large enterprise is a time-consuming task that eventually harms productivity. IAM tools assist entrepreneurs in operating and maintaining access, thereby reducing associated costs.

Productivity of Employees

A fully integrated identity and access management system alleviates the maintenance burden on enterprises’ IT teams. IAM tools enable teams to manage identities and access more efficiently across a diverse network of distributed networks. The IAM system's centralized control naturally reduces the number of reports to core security teams. As a result, employee productivity represents a significant benefit.

Collaboration Enhancement

IAM tools facilitate collaboration between internal and external teams. These include employees, partners, suppliers, and contractors who are managed more securely through modern applications.

Controlled Centrally

IAM tools enable centralized management of companies' data and assets, including storage, access, and control. This mitigates the risk posed by internal and external factors. Single sign-on options, for example, enable single-time authentication for access across multiple platforms.

 IAM requires adhering to three major Security Protocols:

  • Multi-factor Authentication Systems utilize multiple authentication methods from various credential categories to verify the user's identity or authenticate a transaction.
  • It is critical to conduct an identity management assessment to safeguard critical identities via an access control mechanism. It is crucial to keep a close eye on who has access to your organization's data.
  • Implementation and Integration require advanced integrations such as machine intelligence, artificial intelligence, biometrics, and risk-based assessment across all platforms and devices to protect against external and internal threats.

See Also: Top 10 EAM Solution Companies