September 14, 2021

Digital identities and assets are vital business tools for transformation. They are the epicenter for information, security, and privacy. Thus, organizations should streamline their IGA capability. This is the core of Identity Access Management (IAM). This move reduces the risks of excessive user access to systems and data.

Best practices of managing digital identity and assets will help you:

  • Manage employees' access privileges.

  • Define the circumstances of granting such access

  • Freeze potentially risky access credentials

This also includes the circumstances of granting that access. Other users of a shared network might be customers or stakeholders. This blog will discuss the best ways of managing digital identity and assets.Smiling young man using digital tablet in the office

6 Best Practices for Managing Digital Identities and Assets

1. Customer Identity and Access Management (CIAM)

How much do you trust your online customers? Risks can emanate from anywhere, including from the customer that you aim to satisfy. The number of internet users is increasing daily due to the accessibility of affordable internet devices. Thus, you can never really tell who is trying to access your customer self-service point. Most of the bad guys with malicious intentions often masquerade in pseudonym profiles.

Enabling CIAM software will help your business authenticate the users accessing customer-service platforms. That includes managing customer profiles to detect any malicious activity in advance. You can also add this software to other customer management systems and databases at a high risk of unwarranted access. Most customers will appreciate a high level of security when accessing your services. Your business’ safety guarantees theirs too.  

2. Identity as a Service (IDaaS)

If you are a service provider, you’d want to regulate your software's access. This includes various web platforms and mobile applications. Moreover, having various user plans means that you need a reliable system that enables some level of user account provision. Remember, unwarranted access by the wrong person could result in business losses. It can also impair the security of other users.

Reliable Identity as a Service Software (IDaaS) can help you manage access requests. You can also revoke the access credentials of any network or software user with invalid subscriptions. 

3. Identity Analytics Intelligence 

Your business gets exposed to new risks as technology evolves. There is a need to always review the access programs and establish any imminent threat. Depending on your company's size, the process can be inefficient if done manually. Moreover, it is hard to notice malicious digital trails without innovative software technology.

Identity Analytics Intelligence software can help you with this. It reviews your access and identity management programs at least four times every year. That way, you can make necessary adjustments to streamline secure and regulated access by users. Identity Analytics Software will help in:

  • Detecting usage anomalies to revoke specific access credentials

  • Monitoring privileged access to avoid abuse of privileged credentials

  • Revising permissions to eliminate excessive or abusive access

4. Privileged Access Management

While your business's success strongly relies on the integrity of employees, it is wise not to trust anybody. Different employees have varying levels of trust that a business has in them. The trust depends on their roles and personality. In that case, some users have privileged access to information and data. In any case, there is a security breach in regulated digital assets; these are the users to investigate.

How do you prevent an unauthorized user from accessing confidential files? Enabling Privileged Access Management Software allows you to activate regulated access. This tech guarantees the security of vital information. Users who can benefit from this software include system administrators. You can monitor the activity of privileged users. You can also freeze access if you suspect irregularities. You don’t need to be actively logged into the network to monitor privileged accesses. The system records every session and encrypts key rotation.

5. Risk-Based Authentication (RBA)

What are some of the factors that you consider before granting specific access to users? Your businesses can avoid some abuse of privileged credentials if you analyze users. Sometimes you don’t spend much time with your employees, especially if they are working remotely. You also don’t get a one-on-one privilege with customers to discern if they are trustworthy.

Using RBA software can help you take the context of user sessions and authentication. Thus, you can calculate the risk score of each user. That way, you can put risky users on notice and freeze their access credentials if there is an imminent risk. Moreover, you can enable different levels of authentication. For instance, high-risk users can use a 2-factor authentication process. Low-risk individuals can use a one-factor authentication process.

6. Increase Business Efficiency with Identity and Assets Management Processes 

Businesses have secrets to market information and digital assets that make them succeed. Enabling Identity Access and Management software on these resources will guarantee their value. Some information loses value if accessed more than the required frequency. Take charge of your digital identities and assets by active IAM. Download our guide for even more best practices or contact SecurIT for these practices to streamline business operations.

 

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