Identity and access management is also referred to as IAM. This is a system that is used to secure, store and manage the user access permissions and identities. Identity and access management ascertains the users are genuine and that they can access the resources and applications as they own the permission to use. The solutions of IAM are based on single sign-on and also include access management, multi-factor authentication, profile data, directory for storing identity securely and data governance to ascertain relevant data is required or shared.
Why is IAM important?
Recently, mobile, cloud and ioT technologies are permitting the business to be highly efficient, agile, and scalable. In fact, employees have moved much far from the firewalls protections and also the physical barriers to operate business from the place they are. In fact, the customers interact through multiple channels and also engage in new ways with businesses.
There are amazing opportunities that have extended the entry and exit levels of some designated network and also have left behind the traditional perimeter dependent security. Nowadays, keeping up with new threats requires all the businesses to consider a new paradigm such that the identity is the centre of the model. Having identity and access management in focus means you must ascertain the customers, employees and the partners are the people they claim to be, and they get secure and simple access to the applications they require, regardless of the device they use and where they are. The identity and access management business benefits are really considerable and to name a few are:
Reduces data breaches risk
The solutions of Identity and access management help in reducing the passwords users as they are also expected to give more evidence proving their user identity. The identity and access management in the modern times use encryption to safeguard sensitive identity data. This helps in reducing dramatically the risk of user credentials being compromised.
Centralizes access control
Having IAM, the groups, attributes, and the roles associated with each user help in determining the application that are permitted to access and the operations they can perform. Actually a developers has no need to access or use the accounting system, on the other hand a CFO needs it.
In case, the users do not have the right systems access, it may be frustrating and with customers it may be a deal breaker. Having too much systems access is always risky as the user may use the data inappropriately, provide a hacker an opportunity to damage, or exploit the data carelessly. IAM permits the organizations or businesses to set centralized policies so that the privilege of right access is given with confidence and things keep running smoothly.
Assures regulatory compliance
The governance of data access and privacy management is an important aspect that is increasing with respect to the identity and access management. This is because it offers complete control over the user data as to who can have the access and the way it can be shared and used, thereby including the user consent as enforcement.