Expansion of Digital Identity: Ways to Secure Organizations from Cyber Threats

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Expansion of Digital Identity Ways to Secure Organizations from

Increasing digital identities have created new challenges for organizations by exposing them to various cyber-threats.

The surge in digital transformation initiatives around the globe has led to an inflation in human and machine identities. It is a rapidly growing concern for enterprises of all sizes because they are exposed to ransomware and supply chain threats.

A recent report released by CyberArk’s titled “The CyberArk 2022 Identity Security Threat Landscape Report” suggested that approximately 79% of IT security decision-makers agreed that security was considered a low priority compared to the other IT and digital initiatives. The survey also sheds light on how machine identities surpass human identities by a factor of 45X.

Digital transformation initiatives have led enterprises to create multiple new digital identities, which has exposed their organizations to various cyber-security risks. Here are a few strategies CISOs should consider to protect their organization from increasing cyber-threats due to the expansion of digital identities:

Robust verification process

Enterprises with multi-layered security integrated will ensure that no unauthorized user will get access to the system or database. Multifactor factor authentication (MFA) and password-based logins will help to add layers to the organization’s security. A few IAM vendors are exploring biometric authentication, device identity, self-sovereign identity, identity verification, digital rights profiling, and authorization customization for designing a robust authentication and authorization tool. CISOs should consider exploring and implementing an all-inclusive authentication tool that serves the organization’s security hygiene needs.

Embrace password less verification

Organizations with password-based authentication will protect their network from unauthorized access. However, cybercriminals have become more advanced; they are able to access systems, networks, applications, and devices by stealing credentials. Embracing password-based authentication cannot be the only solution to protect the organization from cyber-risks

Many CISOs have already ditched passwords and embraced password less logins in their security hygiene policies. Password less logins have opened a wide range of opportunities for identity and access management and its applications to ensure secure user logins. By embracing this approach, enterprises can centralize their credentials of different applications in one place and access them. It eradicates the need to memorize usernames and passwords for each login. 

Also Read: Are Enterprises Ready for Modern Cyber Threats?

Based on the organization’s needs, CISOs can choose the right strategy to protect their organizations from various cyber-risks. Following are a few essential components that SecOps teams can consider to lay a strong identity security foundation:

Artificial intelligence (AI)

AI-enabled visibility, detection, and remediation that grows with the organization’s needs help businesses to stay ahead of the curve. Embracing AI and Machine Learning (ML) assists organizations in spotting, reporting, and managing sensitive identity security policies across the growing complexity of the enterprise environment.

Automation  

Embracing automation in the security technology stack helps enterprises seamlessly identify and restrict over privileged, conflicting, and potentially compromised access. Moreover, it strengthens the ability to effectively execute identity security policies by automating crucial identity management processes and decisions. Enterprises that automate access requests, role modeling, and access control will be able to reduce the work burden on the SecOps teams.

Integration

Seamless integrations enhance organizations’ ability to manage access to all identities, applications, and databases in the enterprise’s complete IT infrastructure. Additionally, seamless integration with all the current security technologies to inculcate accurate identity management decisions in daily work processes will help create a frictionless user experience.

CISOs should consider implementing a robust security strategy with identity security as a foundation to empower the resources and protect IT infrastructure from potential cyber-threat exposure.

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