Managing user credentials for multiple systems can become challenging for your IT team, and it can also be difficult for employees to stay on top of multiple logins. In addition, more passwords equate to more security risks. Identity and Access Management (IAM) is an essential security component that ensures only authorized users can access the systems, data, and applications they need. This protects your environment from unauthorized users and helps strengthen your overall security posture. IAM is not just an IT security tool, it benefits your entire organization. Below discusses what IAM is and how your business can benefit:
What is Identity and Access Management (IAM)?
Identity and Access Management is a set of processes, policies, and tools that manage user access to data, systems, and resources within an organization. This solution adds another layer of security and support to your business, with the ability to manage identities across multiple systems easily and efficiently. IAM consists of various tools and methods, including Single Sign-On (SSO), multi-factor authentication (MFA), and password management.
Key Benefits of Identity and Access Management (IAM)
Simplify End-User Experience
According to a recent survey, 8 out of 10 individuals find password management difficult. Remembering and maintaining multiple usernames and passwords across different platforms can be challenging for employees. IAM is an important tool for enhancing and simplifying end-user experience. With IAM framework, employees use a single identity to securely access the systems needed to do their job. Employees no longer need to remember and manage multiple passwords for each resource, creating a more streamlined and seamless user-experience while working.
Save your IT Team Time and Effort
IAM framework can complete tedious, manual tasks and help save your IT team time. An Identity and Access Management solution can help streamline time-consuming onboarding and offboarding processes. IAM helps ensure that new employees are quickly given access to the systems they need from day one, as well as ensuring their account is completely cut off once they leave the company. It can take hours and even days to properly set up new employees and make sure they have access to all the applications they need to complete their job. With an IAM solution, employees can automatically be assigned to the systems they need and access these with a single username and password. On the other hand, when an employee exits the business, their account will automatically deactivate and be completely removed, eliminating the risk of an insider threat.
Strengthen Security Posture
IAM has become a crucial component of IT security. Identity and Access Management provides an additional layer of security to your business by providing careful control over user access to accounts and applications. Your IT team can authenticate users and closely manage who has access to sensitive information, limiting the chance of a hacker entering the system or a password becoming compromised. Your organization may also have strict security regulations to follow. By implementing IAM solutions, you can help ensure your business stays compliant and meets future cybersecurity insurance requirements related to data security and privacy.
IAM is an essential security solution that ensures your data is strategically controlled and protected. However, it serves as more than just a security tool, it also helps improve user experience and business operations across the board. Working with an IT partner to create a strategic implementation plan that meets your specific needs will help make the process seamless and efficient.