The pandemic has greatly impacted the functions of businesses and so is Identity and Access Management (IAM). As remote working has increased, the traditional approaches to access management are finding difficulties to manage the devices and user identities that exist outside the organization.
Many organizations do not have the skills and in-house resources to effectively address the growing complexity of IAM challenges. With the IAM evolving the security and risk leaders must focus on improving the approaches to identity proofing. They should develop their vendor management skills and reduce the risks of the remote workforce.
What does the future hold?
Managed security service provider (MSSP)
MSSPs which focus on the delivery of best-of-breed solutions through an integrated approach will primarily drive 40% of the IAM application convergence by 2023.
Many companies lack the qualified resources and skills for planning, developing, acquiring, and implementing comprehensive IAM solutions. Thus they decide to contract professional services firms to obtain support mainly when multiple functions have to be addressed at the same time.
The organizations rely on MSSP firms to seek advice, guidance, and integration recommendations for improvements.
Cyber security mesh
Cyber security mesh is expected to support more than 50% of the IAM requests by enabling a more explicit, mobile, and adaptive unified access management model in the next 3 years. This model provides a more scalable, flexible, integrated, and reliable approach to digital asset access control when compared to traditional methods.
Identity-proofing tools
30% of the large organizations will be implementing identity-proofing tools by 2024. It is for addressing the recurrent weakness in the workforce identity life cycle processes.
The remote interactions with employees have increased nowadays. Robust enrollment and recovery procedures are an immediate requirement since it is difficult to differentiate between legitimate users and attackers. The Identity-proofing tools will be implemented in the workforce identity life cycle to deal with the weaknesses.
The scope of Identity and Access Management (IAM) will continue to grow, strongly impacting the next-generation identity management trends. The adoption of technologies like cloud computing will further reshape IAM’s future. It is essential to protect digital identities as they are gaining more importance. Companies should adapt to growing demands to become successful. This includes the implementation of Identity Management Solutions which aligns with the current business needs and prepares for future changes.
