Why Identity and Access Management Is the Bedrock of Modern Security

 The digital landscape has changed dramatically, with growing cloud adoption, remote workforces, and an explosion of interconnected devices—all this changing the way data is accessed and used. This is a hyper-connected world that is at once full of huge opportunities and daunting security challenges. At the very core of these challenges lies one very basic question: who has access to what and why?

This is where Identity and Access Management (IAM) fits in. Rather than being some sort of esoteric area of security concern, IAM has really become a keystone of any modern security strategy. Be it functioning as the gatekeeper or digital bouncer, it ensures that only the right people have access to data and resources required for their jobs, all the while locking everything else down tight and secure.

The Rise of Security Threats

IAM is important given the threats that seem to rise every day. Consider the following statistics:

According to the Identity Theft Resource Center, there were an estimated 1.8 million data breaches alone in 2022.

A recent report from Verizon, the 2023 Data Breach Investigations Report, found that 82% of breaches within their dataset involved some element of the human factor, thus pointing out a vulnerability either through human error or insider threat.

According to a study by IBM, this year the average cost of a data breach reached an all-time high average cost of $4.35 million. These statistics come very near to being dim. Breaches are not only becoming frequent, but they are also becoming costly. Traditional security measures focused on firewalls and perimeter defense are no longer enough. Hackers will continue to innovate, and weak passwords, manipulate privileged access, and have vulnerabilities in user identities.

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