Businesses who adopt identity-driven security strategies are far more capable of maintaining and managing high-security standards across their organisation. In fact, Identity management is central to an effective cyber security strategy as it helps companies understand, manage, and work to prevent ongoing security risks.
Companies need to understand that Identity has become an integral part of risk reduction in the last few years, providing management, authentication, and access controls that help companies clarify who is using what, when, and why. This represents a growing awareness and knowledge regarding the digital transformations occurring in corporate environments, and indeed, how these transformations affect how companies operate. Not only are businesses becoming borderless, with mobile devices and the cloud enabling anywhere, anytime access to essential tools and services, but they are also becoming more aware of the capabilities associated with this evolution. Of course, there are increased vulnerabilities and significant cybersecurity concerns related to digitalisation and increased mobility. However, identity management is a good way for companies to approach these issues, allowing them to utilise Identity not only to understand where their vulnerabilities lie – but also how they can manage incidents effectively.
Identity management allows companies to understand their users and the access that these users have across their systems. This includes knowledge into who is using what device, as well as what sensitive information can be assessed and by whom. A business can then take steps to modify user rights, adding and removing access for old and new employees, as well as modifying access according to user needs. A great benefit of this is that, in the event of an incident, a company can hone in on an audit trail and understand what happened – and why. These audit trails are a requirement for effective compliance and governance, but they are also an essential component in ongoing risk reduction for business as they allow companies to reach the root cause of a breach and take steps to understand and react appropriately. This ability to pinpoint problems helps significantly when it comes to reducing the damage associated with a cyber breach, and can help companies modify their risk reduction strategies so that they are more effective in the future. For businesses, this enables them to maintain high levels of security across all mission-critical data – without adding burdens to the end user or cluttering their systems. Identity protection and security also allows companies to access applications in the cloud, and benefit from risk reduction strategies that enable conditional access and multi-factor authentication to ensure their ongoing protection.
Companies can evaluate their identity and access management vulnerabilities through penetration testing and vulnerability assessments. These will help leaders identify where their weakest points are, how they might be manipulated, and how they can bolster their risk reduction strategies to prevent catastrophe. Effective security with identity management also enables:
- Multifactor authentication to provide protection from the first point of access
- Streamlined and simplified access across apps and devices thanks to single sign-on
- Cloud security, such as that offered by Windows Defender Credential, to protect single sign-in tokens
Identity is more critical than ever, and at MOQdigital we believe that it is the new normal for business. If you are wondering how Identity might help you better your business, get in touch with one of our experienced consultants today.