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How identity and access management can secure your business

What is Identity and Access Management?

Identity and Access Management (IAM) is a subset of cyber security that aids in assigning roles, access controls, rights, privileges, and other attributes to personnel inside an organization.

To protect their corporate network and digital assets from cyber-attacks, organizations can benefit from these IAM solutions.

Why Do We Need Identity and Access Management?

Over your current network infrastructure, IAM adds an additional degree of protection.

Defining or managing user roles and granting access to necessary applications is simple for security managers.

Here are some of IAM's main advantages:

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Here are some of IAM's main advantages:

Enhances Account Security: IAM assists firms in preventing data breaches of any kind, malware and phishing assaults, identity theft, and unauthorized access to sensitive data. IAMs also ensure that the organization is compliant (HIPAA, GDPR, etc.) and that its demands are met to avoid cyber threats risk. The security team can always reconfigure the IAM as regulatory data requirements change over time.

Ease the Lives of Security Professionals: IAM solutions allow security administrators to apply different policies to all branches, divisions, and devices. Since most contemporary IAMs are cloud-based (SaaS), executing all security precautions using standard browsers and devices is simpler.

Ease of Access: The most recent authentication methods are provided by all IAMs, including hardware-based (FIDO2) authentication, password-less authentication, smart authentication, and biometric authentication. No matter what time, where they are, or device they use, it allows employees and end users to access company systems in the most convenient way possible.

Boosts Productivity: All contemporary IAM includes automated and AI-powered solutions that can comprehend security setups and facilitate user authentication and identity management. IAM solutions boost productivity by automating several crucial aspects of handling authentication, identities, and authorization methods. Some IAMs use machine learning models to detect threats automatically and initiate risk-based authentication procedures.

Centralize Access Control: Because IAMs are centralized, implementing IAMs can increase the security of the entire business by ensuring that security procedures, configurations, standards, and rights are transparent.

It may be possible for the business to effectively grow its security capabilities by enabling centralized management of user identity and access. IAM also makes it simpler to terminate account access when necessary, identify transgressions, and rescind erroneous access credentials thanks to a centralized and transparent system.

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Reduces Service Costs: When companies invest in IAM, they invest in the company as a whole. IAM doesn't require an on-premises infrastructure to function, which spares the company from high operational and maintenance expenditures. IAM is quite secure, so you can avoid the dangers brought on by dishonest behavior and regulatory violations. IAM uses an effective and secure approach to eliminate risks and service expenses.

Information Sharing is Simple: IAM provides a platform that makes it simple to share information. The easiest and most secure way to share data with coworkers or clients is through this platform. Information sharing that is efficient and based on trust also improves the organization's reputation.

Saves Time on Administration: When users need access to the necessary infrastructure, it is difficult to administer the system. Manual provisioning forces workers to work numerous hours to get access to the tools they need to do their jobs. However, the IAM solution employs an automated access management system that saves time and streamlines the procedure. Building privileged groups, streamlining user registration, easily changing access settings, and other advantages come with IAM management that is versatile and manageable for enterprises.

Increases User Satisfaction: IAM significantly reduces the complexity of manual processes. It uses automation to let the users manage accounts and requests through self-service techniques like password resets. The users are free to select any password they want.

The Single Sign-On (SSO) strategy, which reduces the danger of having to remember several passwords, enables the use of the same password across numerous systems inside the organization. IAM becomes user-friendly and straightforward once it has been deployed successfully.

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Methods for securing your business with identity and access management

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