Identity and access management has been around for a while.
Now, identities are no longer limited to humans beings but extend to non-human entities as well. There are several such developments in the landscape of technology today. You cannot keep threats at bay with a firewall. Passwords cannot be the only line of defense. Organizations are more prone to insider threats than external. The security and technology perspectives of organizations must evolve with changing needs. Else, organizations might end up paying more than they are earning.
In 2020, the global identity and access management market’s revenue was forecast to amount to 10.41 billion U.S. dollars. There is a reason this industry is growing at this rate. Identity and Access Management is the need of the hour for organizations to thrive – for productivity as well as security.
Yet, there has been a lot of apprehension in investing in such a solution. Most of them stem from the long line of failed implementations in the industry. Other reasons include expensive solutions, the difficulty in showing value to stakeholders, and lack of understanding of the solution. But, the most dangerous reason of them all is this belief— that cyber-attacks and breaches happen around me, yet, I will not be one of them.
As the popular saying goes, a cyberattack is a matter of ‘when’ not ‘if’. You can achieve comprehensive security only by thinking of cybersecurity as an absolute priority. And by ensuring you do your best in securing your systems and people.
Identity needs are increasing
From where we stand, we see that identity needs are only increasing every day. With the drastic digital shift recently, the necessity for an identity solution is even more apparent.
Recently, the FBI warned that “mobile banking platforms” are being targeted by hackers at an alarming 50% surge since the beginning of the pandemic. Due to the pandemic several hackers take advantage of the vulnerabilities of human psychology using phishing attempts. Be it in the form of emails claiming to have crucial information or documents riddled with malware. The pandemic has opened up new doors for hackers.
There has been a rise in the use of the Remote Desktop Protocol (RDP) by 41% and VPN by 33%. And as suspected, the threats to these technologies has also increased many folds. Bitdefender warned that TrickBot, a credential-stealing Trojan, added a new module. This uses infected computers to launch RDP brute-force attacks.
The work-from-home alone has caused enough IT chaos. Lack of infrastructure support from organizations has lead employees to use their own personal devices. These are not protected with IT’s security protocols. These devices typically ignore security patch updates, and so on. Some employees may even turn to public Wi-Fi networks that invite more IT trouble for organizations.
Another cause for concern without Identity Management solutions is the management of accesses. Especially people who separate or are forced to take a leave of absence. Ensuring accesses are revoked or suspended the day this happens is essential. But, how efficiently is it done in an all manual process?
The challenges to obtain an Identity solution is also increasing
The fact that economies are heading towards a recession. This also means that there is a dearth in security budgets. It is true that 70% of the major organizations are looking to expand cybersecurity solutions. Yet, there are no budgets available for most companies in the lower to mid-market segments. The fact that 25% of technology projects fail outright does not help IT securing budgets for identity solutions.
Organizations which overcome these notions can still be apprehensive towards Identity Management
- Cybersecurity solutions like IAM trigger preconceived notions of being expensive and time-consuming—neither of which organizations can afford right now.
- Convincing stakeholders for such a solution is challenging when the times are good and more so right now when budget cuts are afoot.
- In a study done by McKinsey & Company in conjunction with the University of Oxford, 17 percent of large IT projects go so badly that they can threaten the very existence of the company.
- Too many solutions in the market leave consumers confused. Different vendors provide Access Management, Identity Governance, Identity Administration, PAM, and so on.
The answer to all these challenges lies with the Ilantus Access Management Bundle
Access management solutions consisting of single sign-on and password management. Such a bundle can be the right foot in the door to incorporate Identity Management solutions in your organization.
A simple solution, providing SSO to SAML and thick clients along with Password Management, can solve a multitude and productivity issues at one go.
Your employees will no longer have to remember passwords. No more writing down passwords, storing them in unprotected excel sheets, or repeat passwords to remember them. You can stop your employees from engaging in such unsafe password habits by enabling them with the right solution.
Even with SSO and PM, the implementation hassles take up months together, piling up bills.
So, here are some usual concerns, which we can negate for you from the get-go:
Timelines? We define them from the start.
Scope of the project? Explained upfront.
Cost of the project? Clearly defined, no hidden charges.
Additional functionalities? We explain them with scope and cost.
Any other concerns that a customer may have, we address and define them upfront. This leaves no room for bad implementation experiences.
You could implement our Identity and Access Management solution by starting with the Access Management bundle and adding on other solutions to scale as you like when time and resources permit.
Moreover, with our extensive partner network, you can be served by any of our partners, we leave it up to you. However, we can guarantee that whoever you prefer or choose, are all backed by Ilantus’ training with 20 years of implementation experience. These solutions help your business see through this challenging time with security and ensure productivity is never compromised.
Talk to us today and get started with the simplest, most hassle-free approach to Identity Management there is.