Identity & Access Management - Building Blocks

Digital transformation and telecommuting triggered by pandemic  along with  expanded compliance regulations from governments & regulatory bodies has increased the demand for IAM solutions 

Identity is now the new security perimeter and a robust IAM program, which is backed by an effective strategy that enables  successful audits, and boost the organization’s security posture by meeting all regulatory compliances. This will also automate user administration & access processes so that the employees, customers, contractors and partners data can be maintained & accessed more efficiently and reliably. . 

So its very evident to say that, Identity & Access management  is a must to have in the cybersecurity portfolio. Lets have a look at the fundamental building blocks abbreviated below  that defines this portfolio :- 

Zero Trust  is a framework that is centered on Least privileged access, Micro segmentation and Multifactor authentication 

IGA (Identity governance and administration) automates & manages the employee identity life cycle (joiners-movers-leavers, or JML) processes; ensures risk-based access governance through reviews, SoDs, and role-based access control

·    PAM (Privileged Access Management) manages privileged access across infrastructure, applications, and databases in organisations by utilizing privileged passwords, session, keys, and secrets management; also, conducts privileged threat analytics

·    CIAM (Customer Identity Access Management) enables organizations to securely capture and manage customer identity and profile data, as well as control customer access to applications and services

·    MFA (Multifactor authentication) compels users to authenticate using multiple forms of verification to prove their identity, increasing account’s security in the process

     IDaaS (Identity as a services) is a SaaS based IAM offering

Managing Digital identities and access for a varied class of end users including employees, contractors, partners, customers etc. has emerged as a major concern for the enterprises due to the wide adoption of cloud, bring-your-own-device/identity (BYOD/I) practices and everchanging regulatory environment.  

The global IAM market is projected to grow from USD 12.3 billion in 2020 to USD 24.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of  14% during the forecast period. This is an ever-growing market with the advent of connected devices and remote work culture