Home GDPR #Privacy: Research reveals identity and access management strategies vary by vertical,
GDPR - June 5, 2020

#Privacy: Research reveals identity and access management strategies vary by vertical,

Research by LastPass reveals that 49% of automating identity access management (IAM) processes is an area for improvement.

LastPass by LogMeIn released its findings of a report conducted in partnership with Vanson Bourne, to understand how IT and security professionals across various industries are managing their IAM programs. 

The findings reveal that IAM priorities differs by industry vertical, highlighting how a one-size-fits-all approach doesn’t work with every business and industry. 

Every industry vertical has unique business needs and subsequently have different areas of focus when it comes to their IAM program. The study identified that the media industry needs a secure, automated way to manage user access, and as media communication companies work with a variety of external consultants to execute their programs, it leads to a wide array of users, both internally and externally, accessing business resources.

The report found that 34% of IT professionals in the industry say managing user access is important to their organisations in comparison to the average of all industries (9%), whilst 44% stated that end users are demanding an easier use solutions, and under half (49%) say automating IAM processes is an area for improvement. 

In regards to the financial services industry, organisations deal with higher stakes than others, which inevitably affects how they manage employee access and authentication. The report revealed that 35% of IT professionals in the industry cited hackers having gained access to their organisations in the past. 

Additionally, 70% of IT professionals in the finance industry say that reducing risk is a top priority whilst 65% state that integrating security infrastructure is their biggest improvement.

“Finance is focused on reducing risk and integrations, IT is prioritising the security components of IAM, whereas media is focused on improving employee productivity.,” said John Bennett, General Manager, Identity and Access Management Business Unit at LogMeIn. “It’s clear that flexibility, breadth of functionality and ease of use are critical so businesses can customise their IAM strategy in alignment with their business objectives. Organisations need to evaluate what their business needs are and build their IAM strategy based on those requirements.”

The post #Privacy: Research reveals identity and access management strategies vary by vertical, appeared first on PrivSec Report.

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