As our lives become more intertwined with the digital world, cyberattacks are growing in sophistication. And since the pandemic, the prevalence of hybrid work culture has posed additional security challenges. This creates pressure for businesses to implement advanced measures to safeguard their users’ digital identities and network resources. Failing to do so not only damages an organization’s reputation, but also leads to numerous legal issues and heavy recovery costs.
A study conducted by the Identity Defined Security Alliance (IDSA) shows that 78% of organizations experienced business impacts due to identity-related breaches last year.
To advocate for the importance of managing digital identities, the IDSA and National Cyber Security Alliance established Identity Management Day in 2021. This day creates awareness around identity management and promotes best practices for handling and adequately securing digital identities.
To understand how to manage digital identities better, let’s demystify what identity management is.
Identity management, also known as identity access management (IAM), is the framework for protecting user profiles and ensuring the right users have access to the appropriate resources. This can be achieved by using a robust identity security and access management solution.
The following are key aspects to consider when evaluating an identity management solution:
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Multi-factor authentication
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Automatic provisioning and deprovisioning of user accounts
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Approval workflow
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Risk-based and role-based access control
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Access certification
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Password management
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Single sign-on (SSO)
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Audit and compliance
Want to know more about identity management and how to #BeIdentitySafe? We’ve got you covered. Check out our curated resources on identity management.
Do you believe you are well-informed about identity management? Let’s put your knowledge to the test! Take this quiz to see where you stand in your IAM journey.
Stay tuned throughout April for more blogs about identity management to help you #BeIdentitySafe.
