How Modern IAM Can Mitigate Risk
SC Media, Friday, October 4th, 2024
Is your company still using the same identity management system it had in 1998? Does a mere username and password log you into the local network and let you access almost any resource?
Don't laugh. While most enterprises have moved on to modern identity and access management (IAM) platforms, thousands of businesses and other organizations still rely on antiquated username/password systems.
"If you look at traditional IAM systems, they were very focused on just managing identities, managing the access rights," said Archit Lohokare, General Manager of Workforce and Endpoint Security Solutions at CyberArk, in a recent CyberRisk Alliance webcast. "Their whole perspective was reducing operational costs."
But these legacy systems are flat-out inadequate when it comes to managing access in cloud systems, SaaS apps and hybrid work environments. They're cheap and easy to maintain, but they may cost you in the long run because they're more likely to let in attackers and miscreants who could steal data or infect your networks with ransomware.