In today’s blog, we continue with our theme on the Identity Access Manager, onto what the hot trends will be for this year. Here are the next two:
The Hot Trends for IAM by 2020
- Come into compliance and don’t get sued:
There are many laws out there which are specifically designed to hold businesses and corporations accountable for any security breaches which may occur. They also provide strict guidelines as to how controls should be implemented. These laws include HIPAA, Sarbanes-Oxley, the Gramm-Leach-Bliley Act, etc. As a result, IAM Systems will be heavily relied upon in the future to help companies come into compliance with these various laws. Examples of this include enforcing the separation of duties, implementing and auditing access policies towards very sensitive information and data, making sure employees do not have too many privileges, etc. Also, the process of keeping a daily log of which employee has logged into what network resource and when can be automated with the use of an IAM System.
- IAM will be here forever:
Just consider some of these statistics:
*52% of businesses and corporations already use an IAM System;
*48% of companies believe that an IAM System will help with security breach mitigation;
*92% of organizations will increase their financial investments into procuring an IAM System in the coming three years;
*65% of business entities will consider implementing consumer identities and related applications into their next purchase of an IAM System.
Remember, compliance is very much a hot button topic these days, especially with the Federal Government. They love to do their audits, especially with legislation under the likes of HIPPA and Sarbanes-Oxley.