Identity governance solutions deliver a centralized view of “who has access to what.” They also provide consistent business processes for managing passwords and reviewing, requesting, and approving access. This ensures that user access levels are appropriate to their roles and are governed by policy-based controls. This helps reduce costs associated with compliance, security, and privacy requirements while lowering operational risk caused by inconsistent or manual processes.

Improved Security and Compliance

Identity governance enables organizations to proactively manage access and compliance across their enterprise to meet evolving security and compliance demands. It combines user administration, privileged identity management, identity intelligence, and role-based identity management to protect sensitive data from threats and meet regulatory requirements. Modern identity governance solutions like enable visibility and context of overall identities, whether on-premises or in the cloud. This helps identify, analyze, and alert high-risk user access and policy violations, saving your team time to focus on higher-priority projects. Increasing compliance demands put a strain on security and compliance teams to ensure that only the right people can access the information and resources needed to perform their job functions. Noncompliance can result in costly fines and brand damage and expose organizations to new risks from cyberattacks. For businesses to meet these demands, they must be able to enact policy-based identity management, provide users with secure onboarding and offboarding, and monitor privileges for inappropriate use or change. They must also be able to identify and remediate breaches as they occur. When selecting a modern identity governance solution for your organization, consider critical factors such as ease of deployment and configuration, scalability, and operational scale. These attributes can help you meet your goals and deliver long-term benefits that support your business.

Increased Business Efficiency

Using modern identity governance for your enterprise can help increase business efficiency. Rather than having to spend time on administrative tasks like access requests, password management, and provisioning, organizations can focus on the needs of their users. This can lead to reduced operational costs and a better user experience. In addition, an IGA solution can provide a central point of visibility for access to data, devices, and applications across the organization so that IT and security teams have a single authoritative view of “who has what.” This makes it easier for them to detect violations and take action before they become a real issue. The modern identity landscape is complex, with enterprises facing many compliance requirements, mandates, and threats. Maintaining up-to-date identity infrastructures to meet these demands requires a long-term strategy and ongoing maintenance that will adapt to the constant changes. A modern IGA solution can automate these processes, making them more efficient for IT and users. This also allows IT to focus on security and compliance while ensuring that employees can work how they want without worrying about access privileges. When implementing a modern IGA for your enterprise, it is essential to involve all stakeholders. This can make the project more successful by keeping line-of-business stakeholders aligned and on board.

Reduced Operational Costs

Modern identity governance for your enterprise can help you reduce operational costs by improving security and efficiency. These savings can be a significant source of financial benefit, and it’s possible to leverage them to fund other critical business initiatives. As organizations adopt new technologies and cloud platforms, the need for identity governance increases. This means incorporating IGA into their infrastructure, applications, and elsewhere.

With the right solution to meet these needs, businesses can quickly stay caught up with a bloated identity management infrastructure and inflated risk. This is particularly true for privileged access control (PAC) and temporary permissions. In addition to reducing operational costs, modern IAM can save your organization money in the long run by preventing costly data breaches. IAM can shave 46% off server and application breaches and 63% off cloud infrastructure breaches, leaving your company with more money to invest in innovation, product development, and other areas that support growth. To take advantage of these benefits, enterprises should look for modern capabilities that can scale to accommodate growing user populations, applications, and cloud architectures. They should also prioritize solutions that can monitor and detect data breaches at the speed of thought. In addition, they should also prioritize a unified solution that offers a single point of truth for identity and access management (IAM).

Increased ROI

Modern identity governance is essential in protecting user data and preventing cyberattacks. Over 81% of security attacks rely on privileged credentials and exploit vulnerabilities in systems to steal access information for fraud or abuse. To avoid such attacks, enterprises must implement modern identity governance practices built on Zero Trust principles. These practices entail establishing an accurate baseline of users and their access rights, identifying out-of-pattern entitlements, and ensuring quality control throughout the process. Next, automating the governance of identities and their access is critical. This ensures that access remains relevant to the business and reduces the workload on the help desk and IT operations teams, resulting in the more efficient delivery of business-critical resources. Once automation has taken place, organizations must consider how the solution is integrated into the organization’s existing security architecture. Excessive customization can negatively impact an enterprise’s ability to scale its IGA solution in the future. A modern, unified identity governance solution must support seamless integration with the enterprise’s existing systems and applications and other risk monitoring and compliance tools. This is especially important when an existing legacy system was conceived before new data integration standards and requires expensive custom connections and security controls. The solution must be easy to deploy, configure, scale, and maintain. Ideally, it also supports multiple identity sources, including cloud and on-premise environments.