On a daily basis, each user interacts with dozens of machines, devices, applications, and cloud services. According to a study done by Keyfactor and Ponemon in 2021, 61% of firms are implementing more cryptographic keys and digital certificates across the organization, while only 40% of respondents claimed they have an enterprise-wide cryptography strategy. Both figures are alarming, emphasizing the significance of an enterprise-wide machine identity management plan as part of an IAM strategy.
Enterprise-wide machine identity management technologies and approaches are still in their infancy. An enterprise-wide plan for controlling machine identities, secrets, and certificates, however, will help a company safeguard its digital transformation.
Let’s gear up for 2022 by looking at the trends in machine identity management.
Also Read: Top Three Security Mistakes CISOs Make today
Defending against increased security concerns, DDoS attacks, and cloud security vulnerabilities
Multiple requests are sent to the targeted online source in a distributed denial of service (DDoS) attack, with the goal of overwhelming the website’s capacity to handle multiple requests and leaving it inaccessible.
DDoS attacks have harmed tech behemoths. Today’s businesses are exposed to more security threats than ever before. Every passing day, devastating cyber-attacks and security threats are driving the news headlines.
Apart from DDoS, cloud security is now becoming an issue. The inability to achieve operational agility and severe cybersecurity threats is not due to the cloud, but rather to a lack of awareness about the cloud security architecture.
Many businesses make the mistake of clouding their on-premise security solutions. Since migrating data and apps to the cloud have transcended the network perimeter, wherein the conventional cybersecurity model was built to defend, this isn’t the best method.
Bolstering machine identity management and implementing a zero-trust architecture will be crucial for protecting multi-cloud and hybrid cloud settings in 2022 and beyond.
Cloud adoption presents new security issues
Despite the upward trend, many businesses are still unhappy with their cloud adoptions. Moving to the cloud and failing to achieve “desired operational agility” has become a legitimate question. Surprisingly, cloud security is one of the most frequently stated hurdles to successful cloud adoption.
Enterprises should reassess their cybersecurity approach to eliminate security risks from the cloud success equation. To protect multi-cloud and hybrid cloud systems, enterprises must strengthen machine identity management and establish a zero-trust architecture rather than fix the perimeter.
Employing Identity-as-a-Service (IDaaS) or SaaS-enabled IAM
Let’s take a look at the growing software-as-a-service (SaaS) adoption, which is posing new security concerns as a result of diverse cloud service models. Gartner expects that by 2022, 40% of worldwide midsize and larger enterprises would adopt Identity and access management (IAM) capabilities supplied as software as a service (SaaS) to meet the majority of their demands, according to a 2019 report.
IDaaS is a cloud-based authentication service that is managed by a third-party source and is far more than just a single sign-on (SSO). Companies that subscribe to IDaaS solutions receive cloud-based authentication or identity management.