During the last two decades, the financial services sector has experienced increasing cybersecurity threats, data breaches, and cyberattacks. In fact, financial services companies are 300 times more likely than organizations in other sectors to experience cyberattacks.
Identity and Access Management (IAM) systems provide the capability to create and manage user accounts, roles, and access rights for individual users in an organization. They typically incorporate user provisioning, password management, policy management, access governance, and identity repositories in an often complex design.
The growing scope and complexity of enterprise identities is becoming virtually impossible for organizations to securely and efficiently manage through traditional methods. Unfortunately, poor or underdeveloped Identity & Access Management (IAM) strategies leave the door wide open for devastating breaches.
How many devices do you have within your reach right now? How many emails did you answer on your cell phone, work or personal, after you got home last night? Did you watch the debate this week? How? For the first time there were live streaming versions of the debate on television, Facebook, Twitter, and on the websites of too many media outlets to count.
Intelligent IAM (IIAM) encompasses all the administrative processes used in Identity and Access Management (IAM), but the processes are influenced by real‐time data. IAM solutions that use intelligence continuously collect, monitor, and analyze large volumes of identity and access‐related information, combining data not only from provisioning and governance solutions but also from security products and other external systems.