EU GDPR and IAM – What You Need to Know
Identity management and access governance is a must in order to get compliant ahead of the EU’s General Data Protection Regulation (commonly known as EU GDPR). Read on to find out why – and how.
One of the very cornerstones of the EU GDPR is identity management and access governance and with the date looming for when it becomes effective, it’s a topic on everyone’s lips. But why is the identity management and access governance aspect so important? The hefty fines are one reason to get compliant, but the business case in getting control of your identities and getting the competitive advantage is also an important aspect.
Nurture your data management practices
The new regulation will lead to a greater degree of protection harmonization across EU nations, with the aim of making organizations more competitive by nurturing a culture of information security and having companies manage risk effectively. Breach notification, trans-border data transfers, data subject consent and appointing a data protection officer are some of the key points in the regulation, but another is this concept of an improved nurturing of data management practices, including privacy governance. This is where identity management and access governance comes into the picture.
Identity management and access governance is a key technology in becoming EU GDPR compliant, because through the use of this technology, organizations are able to show who has access to what, when, why they have this access and what they did with the access.
Having this technology in place, means companies can control and govern their identities, thereby protecting the sensitive data.
Security versus agility
Identity management and access governance means 24/7 overview of user's access rights. An organization’s customer data needs to be secure and entries monitored and controlled. Customer data also needs to be stored correctly, but in keeping with the business’ need for convenience. Achieving security without stripping the organization of agility is key – and this is where selecting the right tools and the right solution comes into the picture. Selecting a solution with a governance model allows the organization to keep protecting the data, even as new identities join, move or leave, and selecting the Omada Identity Suite, means you can centrally monitor it all, whether it is stored on-premise or in the cloud.
Using identity management and access governance as a core part of your organization’s security strategy will help protect your identities – and the access to them - in turn reducing the possibility of a breach and the financial and reputational ramifications this can have. Organizations in the financial sector and heavily regulated industries such as the pharma sector and insurance firms have paved the way in using identity management and access governance to improve cybersecurity, control access to sensitive data, give the correct accesses to systems and data and ensure employees only have the access rights necessary for them to carry out their jobs – and many more are now following in their footsteps to get EU GDPR compliant.
Learn more about the Omada Identity Suite solution here and get ready for EU GDPR.