Stolen credentials have been attributed to 61% of breaches according to the Verizon 2021 Data Breach Investigations Report. To minimize the threat of security breaches, the implementation of identity and access management solutions are beginning to be a requirement for several industries. The goal of identity and access management solutions is to ensure that sensitive data is accessed by the right people at the right time.

Multi-Factor Authentication

Multi-Factor Authentication (MFA) is a tool that helps to ensure identity. It only grants access to a system if the user authenticates their identity on multiple devices. MFA is recommended by many security professionals because of its ability to better authenticate users and help prevent attacks that occur through unauthorized access. As a part of the US Executive Order on Improving the Nation’s Cybersecurity, President Biden required all federal agencies to implement MFA within 180 days of the order. This executive order came after several high-profile cybersecurity attacks that affected federal agencies. Implementing MFA should be a requirement for organizations of any size to significantly reduce the risk of breaches through credential compromise.

Why Identity and Access Management is Important

The amount of data that organizations share and store both in the cloud and on-prem continues to grow. IT departments no longer have the bandwidth to manually monitor who is accessing what data and at what time. Identity and Access Management solutions aim to automate this process using artificial intelligence (AI). The cost associated with malicious actors accessing your sensitive data is too high not to implement identity and access management solutions to minimize the threat of unauthorized access. Even if you have a small cybersecurity budget, our experts at Aurora can help you understand what type of IAM solution is best for your security goals and current resources.

The Benefits of Implementing Identity and Access Management Solutions

IAM can help reduce your organization’s risk of data breaches both internally and externally. Implementing this solution can help your organization enforce security policies around user authentication. With IAM, sharing files internally and to partners or customers, is made more secure. Identity and Access Management tools will alert your administrator of any malicious activity and act immediately to prevent a potential breach. Implementing IAM solutions help organizations comply with industry standards and could make an organization more eligible to get cyber insurance.

Enhancing IAM with Behavioral Biometrics

While typical IAM solutions verify users at one time through passwords, fingerprints, or face ID, behavioral biometrics instead focuses on a person’s behavior to verify identity. Behavioral biometrics tools monitor a user’s behavior throughout the workday, analyzing the unique patterns in their movement to continuously authenticate identity.

This is a powerful tool that does not overlap with your existing identity and access management solutions. It instead can help make your identity and access management solutions more effective.

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