Around the world, businesses are facing more security threats than ever before.
Breaches of confidentiality, crippling cyber attacks and data theft by their own employees are among the issues that can seriously damage a firm’s reputation, eroding the confidence of investors and the market.
One of the best ways to safeguard against threats like these is to protect physical and logical access to high-value resources and sensitive data with an identity and access management (IAM) solution. IAM is fast securing its position as a cornerstone of information security, with a growing number of organisations recognising its potential in terms of cost savings, better service levels, tighter IT governance and improved regulatory compliance.
At the present time, the take-up of IAM solutions remains relatively low among the business community, with cost cited by many companies as the main barrier to adoption. The ravages of the recession have blown a sizeable hole in the IT budgets of many organisations, with IT security sometimes dropping down their list of priorities. But there is a danger here: when a company slashes its IT budget, it can often leave itself dangerously exposed to security and financial risks.
In the end, it all comes down priorities: more organisations are weighing up the costs of IAM solutions against the potential costs of reputational damage, security breaches and non-compliance and realising that IAM can offer them outstanding value by saving time and money while protecting their most valuable assets.