How to Choose the Right iAM Solution for Your Organization in 2024
According to Proofpoint, an average of $184,548 is spent by organizations annually to contain the consequences of insider threats. This is one of the many reasons why selecting the right Identity and Access Management solution is a critical step for organizations that want to secure their systems, improve efficiency and meet compliance requirements.
The dilemma is that with numerous IAM solutions available, many organizations struggle to find one that works best for them.
We’ve put together a checklist to help with picking the right IAM solution.
1. Define Your Needs.
Start by assessing your organization’s requirements.
- Do you need advanced multi-factor authentication (MFA) or zero-trust frameworks?
- Do you want to manage employees, customers or both?
- Consider laws like GDPR or PCI-DSS and whether your IAM system can provide audit trails.
2. Prioritize Security and Features.
Modern IAM systems must defend against evolving threats. Look out for the following:
- Passwordless Authentication, which eliminates vulnerabilities tied to traditional passwords. According to Norton, more than 80% of confirmed breaches are attributed to stolen, weak, or reused passwords.
- AI-Driven Threat Detection, so you can monitor user behavior in real time to identify anomalies.
- Fraud Prevention which includes robust user authentication and encryption.
3. Focus on Usability and Integration.
An effective IAM system balances robust security with ease of use. Look out for the following;
- Single Sign-On (SSO), which allows users log in once for multiple applications.
- Seamless Integration and support for standards like SAML and OAuth to connect with existing systems.
4. Plan for Scalability and Flexibility.
Your iAM solution should be able to adapt to the growth of your organization. You should look out for the following;
- Scalability, to ensure it accommodates your expanding user base without compromising performance.
- Industry Fit, by ensuring that the IAM solution is fit for your sector, whether financial services, healthcare or e-commerce.
Why Seamfix iAM is the Right Choice.
You can manage workforce access and stop insider threats with Seamfix iAM.
- Enjoy advanced Security features, including biometric MFA and Role Based Access Control to prevent unauthorized access.
- Streamline your processes with features like single sign-on and automated provisioning to save time and reduce operational inefficiencies.
- Achieve regulatory compliance and adhere to standards like GDPR, ISO 27001, and PCI-DSS.
Take the next step, explore Seamfix iAM to revolutionize your organization’s strategy for identity management.
Click the link below to get started.
