Businesses take on risk when they don’t know their employees, vendors, or customers. Identity and Access Management (IAM) is the process businesses undertake for better understanding of their employees, vendors and customers to prevent risks of potential fraud.
This process helps businesses strengthen their identity verification, due diligence and regulatory compliance programs, thus avoiding any possible insider attacks. However, due to the change of business trends, managing an efficient (IAM) process is highly difficult. Therefore, to help you out, here are 5 costly IAM mistakes every business should avoid.
1. Incomplete Assessment of Business
The biggest mistake most businesses make is not analyzing or assessing business needs and requirements when implementing an efficient IAM. Failure to account for technology trends, inadequate compatibility verification with existing systems, incomplete risk based compliance and lack of infrastructure planning can all reduce the efficiency of IAM and can result in many scope-creeps. Additionally, lack of clear objectives can also hamper the efficiency of IAM processes.
2. Overestimating Automation
Of course, implementing an IAM assures the streamlining and automation of processes involving access management and identity lifecycle. However, this does not mean you overestimate IAM, as this may potentially increase the risks of insider threats rather than reduce. Depending completely on automation can complicate your IAM processes. To avoid this invest in Insider Threat Detection and Insider Threat Management tools provided by Gurucul.
3. Underestimating Mobility’s Impact
As business trends change, the way an organization manages its user access systems and data gets more difficult. One mistake most organizations make is underestimating the impact of various mobile devices on their business. Mobile devices can make it easier for potential threats to enter your business network, thus enabling access and stealing of important data.
4. Lack of Training
A successful IAM depends on a lot more than the efficiency and responsiveness of your security department. Therefore, when implementing IAM, involve employees, end users, and other members of your business into the process and train them regarding the use of IAM. Failure to train or educate users on the solution’s capabilities will hamper the system’s efficiency. Privilege Access Monitoring and Privileged User Monitoring are both good ways to begin with the training process.
5. Not Investing in a Solution
Now, there is nothing wrong in designing your own IAM process. But, doing so, you will not be able to efficiently identify and report potential threats. Therefore, it is imperative for businesses to invest in a proper Identity and Access Management (IAM) solution to reduce the chances of insider threats. Keep in mind there are plenty of IAM software available in the market.
However, if you are looking for the best, then perhaps it’s time your considered investing in Gurucul’s Access Intelligence and Analytics. This solution makes it easier for organizations to manage access and identity threats through the use of numerous advanced technologies and tools, such as Continuous Access Governance, Intelligent Provisioning, Permission Clean-Up, and Insider Threat Detection.
So, if you are looking to avoid all of these mistakes mentioned above, make sure to invest in a reliable and efficient solution like Gurucul’s Access Intelligence and Analytics.