With the rise of digital workspaces and marketplaces, having a firm grip on identity and access management is a must for every business. Simply put, IAM comprises the processes and technologies used to monitor and control access to a company’s digital resources, including networks, applications, and organizational and user data.
Up to now, Know Your Customer and Anti Money Laundering mandates have been the exclusive focus of financial institutions and government agencies, but they are an emerging trend in enterprise identity and access management. The need for these standards to prevent phishing and ransomware attacks was most recently brought to light by the security breaches at MGM and Caesars. -
Bad actors using generative AI now have a far more significant impact on identity management. AI has enabled hackers to impersonate individuals with much lower costs and minimal inconvenience. The barrier to believably representing yourself as someone else has dropped considerably, meaning more attacks leveraging these approaches are on the horizon. -
Stay ahead of the changing threat landscape with zero-trust architecture. Unlike traditional security architecture, ZTA no longer assumes trust for anyone, whether inside or outside the network. By constantly authenticating and verifying users and devices, ZTA makes it difficult for attackers to navigate within a network. Leading organizations, including the U.S. Department of Defense, have fully embraced ZTA for this reason.
Multiaffiliation identities and behavior analytics are the next big trends in IAM. Depending on the task, the time of day and other factors, devices and humans often act as different personas. Defining the persona and the role of the identity, granting the right access, and monitoring the accompanying behavior is the leading-edge method for moving from traditional customer experience practices to influencing device behavior.
Palmprint transactions for IAM are a powerful tech tool that can evolve the industry through improvements to security and the ease of use of products. Imagine palm scanners that identify you when you check out at a grocery store, start your vehicle or open doors. You will no longer need to take out your phone, let alone your wallet. -