Protecting data breaches from malicious external actors is attractive, but creating an IAM program can help you mature your data security program to protect your information. Managing the growing number of identities across on-premises, cloud infrastructures, and hybrids can become very difficult when organizations want to create a digital security transformation strategy.
Why is data security predominant?
Data security is critical to gaining customer trust, protecting organizations from compliance risks, and reducing potential legal costs arising from data breach lawsuits.
Compliance risk:
In response to an increase in data breaches, stricter cybersecurity compliance requirements are being set by governments and industry standards bodies. Most of these standards, frameworks, and regulations require risk assessments or suggest IAM controls that enable organizations to review high-risk data. All regulations and many industry standards have fines for violations.
Lawsuit risk:
Data breaches are becoming more and more common. As a result, governments and industry standards bodies are beginning to allow citizens to sue companies whose compliance violations provide an avenue for data breaches.
IAM analytics drive data security
By automating IAM processes, you can improve your cybersecurity program by establishing risk-based, contextual controls. Once you have control in place, you can use automated tools that implement intelligent analytics to streamline the time-consuming and tedious tasks often associated with IAM.
Create a single authority for identity
Automated tools can bring together various definitions of users, roles, identities, and groups from across an organization’s ecosystem. IT administrators have to manage multiple monitoring sites, increasing human error. In addition, it complicates the management of the segregation of duties. Automated tools reduce the risk of human error, as well as potential compliance and security risks.
Fine-grained permissions
Automation that provides fine-grained permissions gives you more control over access to and within your organization’s ecosystem. Permissions become more centralized as more attribute details are applied. Fine-grained permissions protect against privilege abuse and provide better access for your employees.
Streamline the request/review/certification process with predictive access
Automated tools with analytics enable predictive access. Using predictive access with intelligent analytics, users can request access with automated tools and get access in near real-time. Predictive access not only limits users from excessive access but also provides proactive additional access that may be needed in the future.
Minimize operational and compliance risks and costs through automation
Many operational and compliance risks, as well as the management of digital transformation governance strategies, stem from human error. Using automation to create a trusted source of identity that continuously monitors your infrastructure for unusual access requests reduces time-consuming administrative tasks. Additionally, automation reduces compliance risk by providing governance to your IAM program and ensuring compliance with internal security controls is maintained.
