SBN Understanding IAM Security

How secure are your enterprise’s user identities, really

Answering that question comes down to how airtight your identity and access management (IAM) strategy is. While the broader IAM term refers to how your company manages who has access to which devices, files, networks, and applications, IAM security is a bit more specific. The term refers to the policies and systems you have in place to mitigate identity-related risk. 

In an increasingly remote world, having a foolproof IAM security strategy is critical to keeping your enterprise assets safe, while giving employees the access they need to perform their jobs. The first step to forming that strategy is understanding what IAM security is, how to implement it, and why you need to.

What is IAM Security?

IAM security is a holistic term that includes all the policies, processes, systems, and applications you use to keep your company’s user identities safe from malicious intent or even an inadvertent compromise. While IAM is everything related to IT admins enabling users to securely and frictionlessly access their IT resources, IAM security refers to how you do this in the most low-risk way possible. 

You can think of IAM security as the moat between your enterprise castle and the users who come and go. If the users are properly screened, permissioned, and provisioned, the moat is just there as backup. But if everything goes wrong and cyber invaders try to storm the castle, it’s the final line of defense. It’s the added layer of security protecting your company’s most valuable assets from getting into the hands of the wrong people. 

IAM Security Benefits 

Simply put, while there are several huge benefits to implementing an IAM security strategy, you really can’t afford not to. A 2021 IBM report found that data breaches cost companies an average of $4.24 million per incident, and that stolen credentials were the most common cause. As managers of an organization’s user identities, this puts the pressure on IT to develop stringent IAM security policies to protect against these cyber attacks. 

More Protection with Less Hassle  

Implementing (Read more...)

*** This is a Security Bloggers Network syndicated blog from Blog – JumpCloud authored by Molly Murphy. Read the original post at: https://jumpcloud.com/blog/understanding-iam-security