CHATSWORTH, Calif., Feb. 17, 2022 /PRNewswire/ — The Identity and Access Management (IAM) Annual Report for 2022 is released by the Identity Management Institute and outlines evolving threats, trending solutions, innovations technologies such as blockchain and distributed identity management, IoT device identity management and other relevant information that enterprises and experts can use for their digital identity transformation projects.
Exploring and anticipating the future of identity and access management is daunting, especially when a new threat surfaces frequently. That’s why the Identity Management Institute publishes the annual IAM report to assess risk and outline the industry’s overall direction and strategy to address threats. Over the years, Identity Management Institute has benchmarked the IAM industry with articles published to help organizations predict risk by observing trends and risk factors that affect identity management and enterprise security at macro and micro. This report aims to inform stakeholders about the state of the Identity and Access Management (IAM) industry. It contains valuable information for parties interested in securing systems and data when considering how IAM processes and technologies can support their security objectives.
The report is aimed at existing and potential IAM solution providers and experts, software vendors, end users, industry analysts, IT professionals, and anyone else who wants to better understand IAM. It contains an analysis of changing market trends, evolving security threats, and technological advancements that will shape IAM in the future. Click here to access the free IAM report.
IAM contributions to data protection and cybersecurity
The main benefits of identity and access management revolve around data protection and cybersecurity. Around 80% of all data breaches are due to weak authentication and stolen passwords. With an IAM system and access management best practices, companies can minimize cybersecurity risks.
A notable percentage of breaches are also caused by insider threats. IAM is able to mitigate these threats by limiting user access and ensuring that additional privileges are granted only under strict supervision. Modern IAM solutions are built with risk-based authentication, artificial intelligence, and machine learning. These technologies enable IAM solutions to better identify and resolve suspicious activity. With more advanced technologies, IAM solutions are also helping businesses move from passwords to biometric and multi-factor authentication.