In IT security debates, projects aimed at managing access and identifying users are considered fundamental. However, the processes and technologies for controlling permissions have proved challenging. To solve this dilemma, what is now called Identity Access Management (IAM) was created, which involves the definition and execution of identification processes related to the most critical businesses for a company. For example, e-banking companies implement strict rules to verify identities before allowing them access to their websites.
In this article, we will examine how IAM helps and why it is important today.
The Consequences Of Problematic Access Management
When we do not have access control, it is practically impossible to guarantee that features are used only by their target users. If a problem occurs, the person responsible for the system is unable to track the person responsible for it. The lack of permission management allows users to have access to services not needed by them, making room for improper access and possible application failures. This may result in data breaches that cost millions of dollars and reputational damage.
Incident response is a well-organized approach used in organizations’ IT departments in order to combat and manage the aftermath of a cyberattack or a security breach. The purpose of using incident response is to get out of the nightmare that includes limiting the damage and reducing the costs and recovery time of the incident. The people who perform incident response are called Computer Security Incident Response Team (CSIRT) and they follow company’s Incident Response Plan (IRP).
In the world of cyber warfare, businesses are constantly under threats due to the ever-growing, sophisticated cyber-attacks. With the widespread use of technology; a surge in connected devices and advancement in computational techniques, cyber pests are also accelerating attacks proportionally and posing massive damage to organizations in terms of data breaches, compliance issues, and reputational damage. According to a recent survey conducted in the UK, 43% of all the businesses have experienced some form of cyber-attack in the last 12 months. To thwart this situation, cybersecurity has become an integral part of any organization. Having a robust cybersecurity posture can save your organization from the menace of cyber-attacks and give your top management a piece of mind. Nowadays, cybersecurity provides multi-layer security to company’s IT infrastructure, usually, through various information security tools and techniques such as IPS, IDS, cryptography, firewalls, authentication systems, antiviruses and, more importantly, the SIEM and SOAR. They have a crucial role in achieving the overall security endeavors of any organization.
In the age of digital warfare, successful businesses always stay connected with modern risk management techniques and also keep themselves abreast of a variety of risks that can affect their earning and business continuity. According to the Global Risk Management Survey, 11th Edition, 2019, respondents most often considered their organizations extremely effective in managing disruptive attacks (58%), fraud or financial loss (57%), risks from customers (54%), destructive attacks (53%), and loss of private data (54%).