Identity and Access Management (IAM) is a framework of business processes, policies and technologies that facilitate the management of electronic or digital identities. Systems used for IAM include single sign-on systems, two-factor authentication, multi-factor authentication, and privileged access management. These technologies also provide the ability to securely store identity and profile data, as well as data management capabilities to ensure only necessary and relevant data is shared.
Protecting the identities of employees, consumers and citizens is essential to prevent uncontrolled access, data breaches and fraudulent transactions.
Business leaders and IT departments are under increasing regulatory and organizational pressure to secure access to corporate resources. As a result, they can no longer rely on error-prone manual processes to grant and track user permissions. IAM automates these tasks and provides granular access control and auditing of all corporate resources on-premises and in the cloud.
An effective Identity and Access Management strategy involves managing access for individuals within a system and also how roles are identified and assigned within a system. Role-based access control ensures that users have the least access necessary to still perform their roles. Adaptive risk-based authentication evaluates the likelihood that a user’s account has been compromised at every login attempt.