eThe need for identity and access management (IAM) among businesses has increased due to recent cyberattacks and regulatory requirements. The need for companies to safeguard and expand their remote workforces while guaranteeing digital transformation projects has fueled the development of these products.
Insights into seven key trends shaping the IAM market in 2022 are provided in this article. Zero-trust security frameworks rely heavily on IAM because it guarantees that only the least privileged users can access sensitive information and systems.
This highlights the need for businesses and CISOs to reprioritize their IAM road maps in light of the most prominent trends. This is because the landscape of identity and access management and related governance tools is evolving at a breakneck pace in the present day.
When it comes to IAM, OpenIAM is a company that offers both SaaS and On-premise solutions and specializes in the highest tiers of Identity Access Management. The self-funded company is based in New York and was established in 2008 with the primary goal of simplifying the process of managing user identities. OpenIAM pioneered using a “converged architecture” for identity and access management. The OpenIAM team also pioneered the use of a cloud-native, fully containerized IAM stack. Identity Governance, Web Access Management, Multi-Factor Authentication, and Privileged Identity are all components of OpenIAM’s converged solution for customers.
The public sector, financial services, healthcare, education, telecommunications, and manufacturing are just some industries that currently use OpenIAM at the enterprise level. In addition, OpenIAM’s partnerships with global systems integrator like Indra (Global), TUV Rheinland (Germany), Open*I (Germany), Cybertech (EU) and Adaptera (Greece) are also formidable.
An exceptional, globally distributed product engineering team of multiple PhDs enables ground-breaking product innovation. OpenIAM has always followed its roadmap. Thanks to close cooperation with its clientele and business associates, it has quickly developed cutting-edge features that set it apart from the competition.
Here is a look at the most important developments in IAM this year:
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High regard for identity and access management
During the second half of 2020, companies spent significantly more on IAM solutions due to the pressing need to ensure the continued success of their businesses and the safety of their employees. Unfortunately, many companies were unprepared for the scale and sophistication of cyberattacks on their virtual workforce and were hit hard by the pandemic. With hackers seeking privileged login credentials that would allow them to move laterally within an organization, cybersecurity teams have often worked tirelessly to implement two-factor authentication. In 2022, we anticipate IAM growth to proceed at a brisk clip.
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Password-less authentication
There was widespread agreement amongst experts that password-free authentication would become the norm. They’ve witnessed the shift from hype to the adoption of password-free authentication. Most security decision-makers report that their company has already implemented two-factor (2FA) or password-free authentication for workers. Virtual teams require a zero-trust approach to password-free authentication to prevent both malicious insiders and bad external actors from misusing privileged access credentials.
No way to steal them is possible. Today, privilege abuse is the primary source of security incidents. Create an adaptive authentication system that works on any mobile device without requiring a password to put an end to privileged access abuse.
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The flexibility of the IAM program grows
The current, inflexible methods need to be reevaluate when defining roles, policies, or attribute-based access control for privileged identity management, governance, and user directories. Too many gaps at the role level in traditional approaches to access controls are being exploite by malicious actors inside and outside an organization. This has led to the widespread use of agile software development frameworks in IAM development and deployment
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Non-human identities scale extremely well
The number of non-human identities in many businesses will increase at a rate greater than twice that of human identities. Bots, both human-attended and unattended, service accounts, APIs, cloud automation, Internet of Things (IoT) gadgets, and robots are all examples of non-human identities. IT, finance, and customer service are just some new domains entering the realm of software robots. This is happening despite the widespread adoption of robotic process automation (RPA). The exponential growth of non-human identities is furthered by the widespread use of machine identities on public cloud platforms like Amazon Web Services, Microsoft Azure, Google Cloud Platform, and many others.
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The market share of IAM package vendors is growing
Cloud-based IAM suites are growing in popularity among businesses due to their pre-integrated stacks, simplifying integration, ongoing maintenance, and provisioning. In addition to driving IAM suite development, hybrid support for cloud-based IAM delivery form factors (IDaaS or Managed Services) gives organizations the flexibility to activate new features as they see fit.
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Information, device, and infrastructure safety
Organizations have seen firewalls, web application firewalls, and secure web gateways without an identity concept built into their core policies, especially in network endpoints and payload inspection. Therefore, they advise their clients to switch to a more nuanced and flexible network access method based on ZTE (Zero Trust Edge), which correlates users’ online actions with their identities (humans and cars).
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When conducting an analysis, it is common practice to duplicate the client’s identity
Businesses across the IT security, marketing, line-of-business (LOB), and application development sectors agree that enforcing access policies and full user management are essential features for a modern customer identity and access management (CIAM) systems. To fine-tune marketing campaigns and gauge success, marketing, and digital product professionals want access to more accurate, identity-specific data. Platforms for customer identity and access management can aid in compliance and customer service by providing audit data on an identity analytics and consent management. For this reason, security and risk experts are incumbent on introducing a CIAM platform.
Security and risk experts can learn more about the future of IAM by analyzing current trends. This speed of evolution needs to be consider part of a comprehensive approach to cyber defense. Since cloud platforms rely heavily on machine-to-machine integration, managers must account for the immediate need for enterprises to define their IAM strategy to manage the exponential growth in non-human identities. Since there are now more ways than ever for a virtual workforce to be compromised, the cost of identity and access management (IAM) solutions is only expected to rise.