How it IAM Systems Work
IAM systems perform the following functions for your company:
- Changing Weak Passwords. According to studies, more than 70% of data breaches result from stolen, weak, or default passwords. With IAM systems, organizations can enforce best practices in managing credentials and eliminate the risk of users using weak or default passwords. Also, they make users frequently change passwords.
- Mitigating Insider Threats. Insiders cause a significant number of breaches. IAM is capable of limiting the damage caused by malicious insiders by making sure users only have access to the systems they work with. Also, the system ensures users can’t escalate privileges without supervision.
- Tracking Anomalies. Contemporary IAM solutions go beyond simple management of credentials. They include technologies like machine learning, risk-based authentication, and artificial intelligence to determine and block anomalous activity.
- Using Multi-factor Security. IAM solutions can help your organization progress from two-factor to three-factor authentication, using capabilities such as fingerprint sensors, iris scanning, and face recognition.
How IAM can Benefit your Business
When implementing IAM systems, your business can gain the following benefits:
- Improve security. An IAM system helps in identifying and mitigating security risks. IAM can be used to identify policy violations or eliminate inappropriate access privileges without searching through several distributed systems. Also, you can leverage IAM to make sure security measures are in place to meet audit and regulatory requirements.
- Allow the sharing of information. IAM offers a common platform for access and identity management information. The same security policies can be applied across all operating platforms and devices your organization uses. IAM frameworks can help in reinforcing policies associated with user authentication, validation, and privileges.
- Increase productivity. IAM centralizes and automates the IAM lifecycle, establishing automated workflows for scenarios such as a new hire or a role transition. This can enhance processing time for access and identity changes and minimize errors.
- Minimize operating costs. The use of federated identity services eliminates the need for local identities of external users, making it easier to administer applications. Cloud-based IAM solutions can minimize the need to purchase and maintain an on-premise infrastructure.