Why You Need Identity Management and Governance

This New Year we have been inundated with warnings from experts and journalists that 2017 will bring an increase of DDoS, IoT and Ransomware attacks that will far exceed 2016’s record.  A New York Times report last year noted 83 million JP Morgan Chase customers had their credentials stolen when hackers were able to steal information after obtaining the credentials of a JP Morgan employee with privileged access to servers containing customer data. The scale of these attacks is monumental if the stolen identity data is used to fuel future privacy invasions.

 

To mitigate risk companies need identity and access management. It must become an integral part of every company, big and small alike. A strong rules platform will increase employee productivity while improving security. Identity Management is an essential part of ensuring that employees are both empowered to deliver value and prevented from damaging the business’s reputation, security, or bottom line. Check out these top 10 reasons to ensure identity and governance:

 

Top 10 Identity and Governance Objectives

  1. Improve decision making and business goals
  2. Automate and streamline processes
  3. Standardize
  4. Reduce cost
  5. Identify and mitigate risk
  6. Increase enterprise value
  7. Meet internal and external requirements
  8. Empower management and staff
  9. Ensure Security, Privacy and Compliance
  10. Maintain identity data integrity

 

The growth of cloud computing and a mobile workforce can make management very complex. Pressure is on for information quickly. The desires for on-demand access are real security issues that keep IT managers up at night. Facing attacks on critical applications both inside and outside, companies must make sure that access is tightly regulated and controlled.

 

“Quite often we see silos exist with each department customizing access to best suit their departmental business goals. The corporate IT requirements have gone unenforced and they end up with a puzzle of patchwork that leads to lost productivity, and potential security breaches.”  Keith Barthold, CEO DKBInnovative

 

Challenges and Solutions 

Remote workforces, distributed applications, Bring Your Own Devices (BYOD), password problems and regulatory compliance are all concerns. Without a seamless way to access applications, users struggle with password management and IT is faced with rising support costs from frustrated users.

 

One solution is to implement a holistic Identity Automated Management solution to help administrators consolidate, control, and simplify access privileges, whether the critical applications are hosted in traditional data centers, private clouds, public clouds, or a hybrid combination of all these spaces.

 

Without a centralized system, staff must provision access manually. The longer it takes for a user to gain access, the less productive that user will be. On the flip side, failing to revoke the access rights of employees who have left the company or transferred to a different department can have serious security consequences. Manual provisioning and de-provisioning access is labor-intensive and prone to human error. Mistakes can be costly and for large companies, it is not a sustainable way to manage user identities and access.

 

Bring your own device (BYOD)—there really is no choice in today’s times. Employees, contractors, partners, and guest are bringing in personal devices and connecting to the corporate network for professional and personal reasons. The challenge with BYOD is whether companies can react quickly enough to protect business assets—without disrupting employee productivity and while offering freedom of choice. Almost every company has some sort of BYOD policy that allows users to access secure resources from their own devices. Accessing internal and SaaS applications on a mobile device can be more difficult than from a networked laptop or desktop workstation.

 

Technology shifts such as the Internet of Things requires deploying solutions that scale to meet the large demand of devices looking to tax the corporate network. Companies must develop a strategy that makes it quick, easy, and secure to grant—or revoke—access based on corporate guidelines and regulatory compliance.

 

Sarbanes-Oxley regulations is another key driver for corporate governance with much of the onus to provide data falling on the IT department. Ensuring processes such as access privileges, tracking management approvals for expanded access, and documenting who has accessed what data and when can go a long way to easing the burden of compliance and ensuring a smooth audit process.

 

In conclusion, the benefits of deploying identity management and governance solutions are clear. Cost and complexity can impact even the most well-intentioned organization, however, when you consider the cost of a potential security breach or the inefficiencies to manual provisioning and de-provisioning of access, the decision is quite clear.

 

DKBInnovative assist companies with defining and effectively communicating why identity governance is critical for the organization. We understand governance benefits and can see the big picture as well as the evolving identity risk landscape. We help implement an identity governance framework which helps meet our client’s established objectives. 

Call us at (469) 828-2468 to learn more about DKBInnovative, our processes and procedures for mitigating risk while enabling our client’s technology to support and enable growth.