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.
Undoubtedly, majority of new businesses based on most of their work and financial transactions online for simplicity and agility in dealing with the dynamics of the market. In addition, the big corporations already are mostly migrated from the legacy systems to the online world for a while now in a way that made all offline transactions outdated and simply obsolete.
In the age of the digital world, cyber threats and vulnerabilities have gained the attention of security leaders as well as countries across the globe. The issue of cyber warfare is no longer limited to organizations. Rather, even state-sponsored cyber-attacks are being organized and launched against enemy states. Reuters news agency in the UK reported that the Carnegie Endowment for International Peace discovered that cyber-attacks on financial institutions are increasingly being linked to nation-states and the damages were disruptive and destructive, rather than just theft. The majority of nation-state attackers belonged to North Korea, China, Iran, and Russia.
In today’s information warfare, secure communication has become a vital part of any type of organization, especially the firms related to national security and military. The critical information regarding these firms is highly confidential and sensitive because its exposure to enemies can be disastrous. General Paul M. Nakasone, the U.S. Cyber Command and Director, stated that we faced a challenging and volatile cyber threat environment and cyber threats to our national security interests and critical infrastructure ranked at the top of the list.