Authentication is the keyword for today’s online technology. Software, social media sites, and public cloud services require a form of account verification via a user id and password. In fact, the average business user has over 190 passwords on different platforms.
This is not only burdensome but a security risk that slows down production. Since these passwords are stored in different databases, they can be easily retrieved from insecure sites. And if they can capture one password, evil-doers may be able to do so with other accounts your business owns.
To correct this, many companies have turned to Identity and Access Management (IAM) lock things down. Not only does it help with security it also adds to the efficiency of workers. Here’s how IAM increases productivity in a business.
One password equals one platform
One way employees try to ease their password issues is to use the same one across multiple sites or applications. And more than half of them simply change a letter or number when the password expires or they’re forgotten.
IAM permits employees to use the same password for different outlets because they are stored on one platform. Thus, the level of security is the same. In turn, people don’t need to keep track of password expirations. Once it’s reset at the IAM level it is also pushed down to the other platforms connected to the database.
Reduction in verification
Password verification can get complicated. Some sites require multi-factor authentication (MFA) that involves receiving a text on your phone before submitting another request to reset a password or retrieve a username. If a phone number changes or information is forgotten, it can take much longer to get back into the system.
While some IAM platforms require MFA, it’s significantly easier to retrieve the data due to a centralized location. Therefore, employees are not locked out of an important application for days at a time.
Less time rebuilding records
When an employee account is breached it can cause corruption or loss of gigabytes of data. If this happens, it takes time to rebuild the information or retrieve if from a backup. If enough people are affected due to something like ransomware, then it can cost the business in lost revenue and customers.
IAM platforms are monitored like firewalls and routers. Thus, if malicious activity is detected, then security teams can block it from going further into the network. The result is employees go about generating sales and building client lists.
IAM is no longer the future of how we store access data. It’s how it’s done in numerous businesses. The process will continue to be refined as additional applications require authentication and more products join the internet of things (IoT).