Identity Access Management
How to Protect the New Perimeter – Identity Access Management
Identity Access Management (IAM) is a significant component of any organization's digital security strategy. The IAM framework controls user access to critical data and can regulate role-based user access to systems and networks. IAM is the most vital component of a security plan; it stops the bad actors at the front door. If your security plan doesn't lead with IAM, it is like leaving your keys in the front door.
Understanding the Fundamentals of Identity and Access Management
The critical components of IAM are:
Identification - The first step in IAM is to identify who is trying to log in. In this step, if you are not using a biometric, you have a tremendous vulnerability.
Authentication – The next step is to authenticate that the individual is who they claim to be.
Authorization – The final step is to allow and regulate users' access according to their roles and responsibilities and govern the permissions set for access from different infrastructures (cloud, on-premise, or hybrid) and devices (tablets, smartphones, etc.).
IAM authenticates, authorizes, and audits access privileges ensuring only approved users can access critical systems and assets. This is done by establishing a single digital identity for every individual, which can be used to manage multiple accounts.
The ability to control who has access to an organization’s assets and who comes in and out of the network is vital to securing an environment. In addition, IAM solutions help organizations meet industry compliance requirements and help save costs by minimizing the time needed to deal with user account-related issues. IAM can also automate critical aspects of managing identities and save IT departments time and money and reduce risks.
Benefits of Using V2verify for IAM
V2 Eliminates Passwords
If you are using passwords, PINs, challenge questions, etc., as part of your IAM or PAM process, you’re not actually improving your current process. Your security is only as good as the weakest link, and keeping passwords in the equation doesn’t make sense! Not when 81% of all data breaches resulting from a hack are tied to compromised credentials. Using V2verify to identify and authenticate users removes the vulnerability and inefficiency of passwords, PINS, and Knowledge-Based Authentication (KBA) from the IAM process. Adding V2 not only improves security, but it also improves IT efficiencies by eliminating the task and overhead of
managing passwords. V2 also provides an SSO with built-in double authentication, greatly improving the user experience.
V2 Regulates Privileged Account Access and Profile Management
Generally, organized attacks target privileged accounts. Once a privileged account is compromised, it increases the chances of a massive security breach. Social engineering and phishing attacks are common ways of tricking privileged users in sharing their credentials. This is where a robust set of controls can significantly reduce the attack surface.
V2 Automates Access Privilege Assignment
It is essential to establish an automated workflow to assign new employee
privileges based on their roles and business rules and automatically revoke access privileges once they resign or are terminated. This ensures all privileges will be taken away automatically. This practice helps to control access and prevent unnecessary privileges on abandoned or phantom accounts. Access management, when done manually, can take a lot of time. Automating this process can reduce expenses and human errors.
V2 Audits and Controls
In a well-designed IAM system, there is an audit and control process. Organizations need to implement a process where they periodically review who has access to what and determine whether they should still have the permissions.
V2 Provides Better Risk Management and Reporting
It is critical for businesses to be able to report on, “Who has access to what, from where, when, and how?”. V2 provides this functionality and governs data access, so users are only able to query and report on the data they are responsible for. This is instrumental in meeting data compliance regulations and guarding against data leaks.