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Why Companies Should Invest in Identity Governance and Administration Products

Enroute Editor by Enroute Editor
March 16, 2023
in Business
0
Why Companies Should Invest in Identity Governance and Administration Products

What to Know

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  • Improved Security
    • Better Compliance
    • Reduced Costs
    • Increased Efficiency

Identity Governance and Administration (IGA) products help organizations manage user access across multiple platforms and locations. They automate time-consuming processes like password resets, provisioning, access requests, and certification, allowing IT staff to focus on more strategic tasks.

IGA solutions also help organizations achieve and maintain regulatory compliance. With tools that enforce roles-based permissions, organizations can quickly meet the demands of industry and governmental regulations such as SOX, HIPAA, and GDPR.

Improved Security

Identity governance and administration products are crucial to any organization’s security strategy. They can reduce risk, strengthen identity access management and improve compliance and audit performance.

IGA also helps businesses ensure that employees’ identities and access rights align with corporate policies and data privacy requirements. Organizations can balance security and the user experience to keep their workforces productive and secure.

Managing user accounts, roles, and access rights in today’s IT environment is complex and challenging. It requires a deep understanding of how security threats and compliance regulations impact users.

A well-defined IGA program can help companies manage this complexity by enabling policy-based centralized orchestration of IAM processes that automatically provides access to applications and data based on user roles and approvals, thus reducing risk.

This kind of automation also helps to meet compliance requirements by enabling automated access reviews of all in-scope resources, including files, applications, and cloud assets.

In a world where threats are omnipresent, a robust IGA program can help to detect and mitigate breaches before they happen. It can help to protect critical business data and customer information from unauthorized access or theft.

However, security professionals must make a compelling case for investing in identity governance and administration products. Security professionals can often convince the executive team to support these initiatives by presenting the benefits of the new solutions and outlining how they can avoid or minimize risks.

Better Compliance

If you need help keeping up with the ever-growing list of regulatory compliance requirements, it’s time to invest in identity governance and administration products. They’ll allow your employees to quickly and securely access the information they need to do their jobs.

Unlike outdated approaches to document management, such as stacking critical compliance documents into a binder or cobbling together spreadsheets, ID governance will make compliance information easy to find and use. It also provides instant visibility of access privileges across multiple applications and systems, eliminating the need for countless hours of manual searching.

In addition, the right IGA product can help your company automate workflows for user and device provisioning and de-provisioning, minimizing the workload on IT and helping you achieve a more efficient business process.

Finally, a comprehensive IGA system can provide you with tools to help you improve your overall compliance posture, including access review and auditing processes. It can reduce your risk of data breaches and help you avoid fines that can eat into your bottom line.

In addition, a better way to measure your compliance efforts will help you determine which initiatives are working well and which ones need to be replaced or eliminated. It will allow you to make more informed decisions about how to spend your money.

Reduced Costs

Investing in identity governance and administration products helps organizations address everyday business challenges across their networks and users. The benefits include better access compliance, enhanced business productivity, and security and risk management.

Managing user identities and access rights is complex, so investing in a solution that’s easy to operate and integrates with existing systems is critical. It also helps reduce costs by ensuring that identity data is not siloed or duplicated and enabling centralized user lifecycle management.

With a solution that automates the management of identity, changes to access rights can be made rapidly. Organizations can streamline processes like acquisitions, reorganizations, and expansion into new markets.

As a result, implementing identity governance and administration solutions can be very cost-effective. However, several factors must be considered before deciding which is best for an organization.

For example, the implementation process is often a long and complicated affair. It can require significant investment in getting information owners on board with the plan and staying in touch with them during any changes. Moreover, many companies are wary of changing how their IT environment works. Nevertheless, the reduced costs and improved efficiency that identity governance and administration products can provide are worth the effort. These efficiencies are typically reflected in reduced IT overhead and the hiring and training of employees.

Increased Efficiency

Identity governance and administration (IGA) products can help you manage users and their access to systems, applications, and resources from a single authoritative source. This centralized visibility helps you promptly detect inappropriate entries, policy violations, or weak controls that put your organization at risk.

In addition to improving security, IGA systems can boost efficiency. Robust IGA solutions enable you to automate business processes like onboarding, offboarding, user and device provisioning, and de-provisioning. It saves time and allows your employees to focus on more vital areas of your company where they can get the most work done.

IGA systems can also help you control privileged access to your systems and applications. Privileged access can cause significant problems if it is misused or abused by employees, vendors, and contractors.

With a robust IGA solution, you can easily automate workflows, including approving access requests and reviewing them for compliance. It can improve your business efficiency and help you meet regulatory requirements.

An IGA solution must provide a comprehensive view of the resources being managed and their corresponding identities and entitlements to be effective. It requires intelligence-based automation that elevates risk scores and includes information for approvers and reviewers to quickly assess the risks of specific user populations and their access privileges.

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