Myth 1: IAM Is Only for Big Businesses
IAM solutions no longer require complex systems and large data centers, nor do they always come with a high price tag that only large businesses can afford. On the contrary, IAM is simple to use and effective, and it remains a smart investment for companies of any size.
While many organizations develop single sign-on (SSO) capabilities and other IAM components internally, some are leveraging options such as Software as a Service-based models. This alternative is broadening the range of choices for IAM solutions.
According to Crowdstrike, “others have turned to identity as a service (IDaaS), which is a cloud-based subscription model for IAM offered by a vendor. As with any as-a-service model, IDaaS is often a viable option because outsourcing IAM services can be more cost-effective, easier to implement, and more efficient to operate than implementing these services in-house.”
IDaaS is a particularly good IAM choice for small businesses and nonprofits.
A CDW article notes that “IAM is no longer a luxury reserved for the Fortune 500. Instead, it’s now a prerequisite for improving security and employee productivity in every organization, regardless of size.”
DISCOVER: A cyber resilience strategy helps ensure business continuity.
Myth 2: IAM Reduces the Risk of Breaches Due to Human Error
Think of IAM as human-proofing an organization’s endpoint security, much like a parent would childproof a home. It makes it harder for mistakes to happen, but it doesn’t eliminate the risk altogether. If vulnerabilities do emerge, however, the consequences are likely to be less severe because IAM has prevented a full-scale security breach.
According to Proofpoint “Identity-centric attacks are a practical calculation by bad actors. Why would they invest their time and resources to build exploits to help them get in through a virtual back door when they can just walk through the front door?”
This is why stolen credentials and phishing are two of the top three ways that cybercriminals infiltrate organizations. In fact, 74 percent of all security breaches are caused by “human actions,” meaning that someone fell for a scam or social engineering tactic.
EXPLORE: Identity and access management solutions protect endpoints.
This is also why IAM succeeds. By helping authenticate users’ true identities, IAM mitigates the risk of security breaches due to human error.
IT leaders looking to achieve cyber resilience should prioritize IAM practices and train employees to spot the signs of a phishing or quishing scam before it escalates.
“Consider this example,” the CDW article offers. “An employee was out to dinner with his family and knew he was not attempting to access corporate assets, yet he still validated an access attempt through multifactor authentication (MFA) on his smartphone. Only training that increases individual awareness and accountability could have stopped this successful ransomware attack.”
Myth 3: Zero Trust for IAM Comes in a Single Solution
IAM is a core tenet of the zero-trust philosophy. It’s an essential step for organizations on a journey toward achieving zero-trust maturity. But using IAM does not mean that a business has achieved zero trust.
Zero trust is more complicated. It requires that organizations leverage multiple solutions for optimal security at every endpoint within an IT system. These include MFA, SSO, privileged access management, role-based access modeling, automatic account elevation, identity governance, continuous authentication, and user and entity behavior analytics.
UP NEXT: Businesses are evolving their zero-trust security models.
“The current IAM marketplace includes multiple vendors and solutions that meet nearly every budget and delivery preference — cloud hybrid or on-prem,” notes the CDW article. “Don’t let IAM myths keep your organization from advancing your journey toward zero trust with identity security.”
