Highlights:

  • For customer-centric operations, customer identity and access management systems securely store user data in profiles and enable secure editing, transferring, downloading, and modifying information.
  • Organizations are recognizing the limitations of outdated IAM systems and are increasingly turning to cloud-based solutions that provide scalability, flexibility, and improved security.

Effective security measures and seamless user access control are paramount in today’s digital landscape. One such comprehensive framework to safeguard your organization’s valuable assets is Identity and Access Management (IAM). It is a crucial framework of security policies and technologies for businesses to prevent unauthorized access to their accounts and networks.

As per a study by The Identity Defined Security Alliance (IDSA) – with the increase in identity-related cyberattacks, 84% of organizations experienced a breach in 2021-2022, leading to a higher demand for effective IAM technologies. The same study showed that 96% of companies believe identity-related security measures could have prevented their breach.

A study by Research and Markets predicted that the global cloud IAM market will reach USD 13.42 Billion by 2027, with a CAGR of 22.71%.

While traditional IAM strategies have existed for decades, more is needed to prevent breaches. The upcoming IAM trends for 2023 are reshaping the future of identity and access management to better protect businesses’ sensitive data.

But before that, let us first recall what is Identity and Access Management.

What is Identity and Access Management?

Identity and Access Management (IAM) is a comprehensive system that manages user access to digital resources within an organization. IAM solutions securely store digital identities and utilize access policy groups to streamline business processes.

These solutions effectively restrict user access to authorized data and approved configuration options. Key components of IAM systems include multifactor authentication, single sign-on, privileged access management, and biometric authentication.

For customer-centric operations, customer identity and access management systems securely store user data in profiles and enable secure editing, transferring, downloading, and modifying information.

The deployment options for the digital resource system encompass cloud, on-premises, hybrid environments, or a cloud-based subscription model.

With technological advancements at such a fast pace, what can users expect this year?

Top Identity and amp; Access Management (IAM) Trends for 2023 and Beyond

The demand for a robust and adaptable Identity and Access Management (IAM) solution is paramount in an increasingly digital society. However, the current state of IAM presents both challenges and opportunities.

Organizations are recognizing the limitations of outdated IAM systems and are increasingly turning to cloud-based solutions that provide scalability, flexibility, and improved security.

Cloud-based solutions, identity governance and administration tools, and multifactor authentication represent the future of IAM. It is crucial to adopt a comprehensive approach that addresses security, user experience, and compliance requirements in a balanced manner.

Let’s watch some vital Identity and Access Management trends in 2023.

1. Leveraging AI and amp; ML for Better Identification and amp; Security: AI-driven IAM solutions enhance security and identity recognition capabilities. Leveraging machine learning algorithms, IAM systems learn from user actions, behaviors, and authentication data to detect and predict anomalies and breaches.

ML systems are expected to evolve, enabling them to observe computer sessions, identify legitimate access, predict threats, and anticipate data breach patterns.

2. Zero Trust Security Architecture: IAM solution providers are anticipated to embrace the identity-first security approach, treating all users, devices, and networks as untrusted entities and imposing restricted access to resources accordingly. Continuous verification and authentication of users and devices are essential throughout their system access.

This approach acknowledges that traditional perimeter-based security measures are inadequate in the face of modern threats originating from internal and external sources. A layered security strategy is essential, encompassing multifactor authentication, risk-based access controls, and ongoing monitoring and analysis of user activity.

3. The Rise of Identity as a Service (IdaaS): Identity as a Service (IdaaS) is a cloud-based IAM solution that delivers identity and access management capabilities. IdaaS solutions offer organizations a cost-effective means of managing their access management requirements by eliminating the need for on-premises hardware or software.

Experts anticipate a substantial rise in IdaaS adoption in 2023 as more organizations realize the advantages of this approach.

4. Multifactor Authentication (MFA) Will Become the Norm: Multifactor Authentication (MFA) is an authentication method that adds an extra layer of security by requiring users to provide multiple log-ins, including a password and verification through a different medium.

As it offers a straightforward and effective approach to enhance security without overwhelming users, MFA is projected to become the standard in the years ahead.

5. Adaptive Authentication: Passwords and pins are becoming outdated as IAM systems embrace adaptive and passwordless authentication for enhanced security and user experience.

Adaptive authentication evaluates risks using contextual and behavioral data, while passwordless authentication employs biometric scans and tokens.

These technologies dynamically adjust authentication requirements based on risk levels, improving security and reducing support issues, revolutionizing IAM.

Conclusion

The rise in identity-related cyberattacks, weak password practices, and remote work highlights the importance of implementing robust identity and access management (IAM) technologies and policies for organizations.

Traditional IAM tools alone are insufficient to thwart unauthorized access to sensitive accounts. However, the emerging IAM trends for 2023 suggest that organizations are actively transitioning toward a more secure future.

To read more on cybersecurity, dive into knowledgeable insights in our Security whitepapers!