On average, internal users in insurance companies work with more 20 IT applications and distinct data stores while external business partners use up to 10 applications with access to the insurers’ data. But do you know for sure who controls the access to the data and who represents the biggest risk? And why?
Protect the sensitive data of insurance companies from unauthorized access!
Insurance companies operate in a rapidly growing but highly competitive market providing efficient and compliant services. To safeguard reputation, revenue and retention rates, the insurer must ensure customers are fully satisfied with its services and that their data is 100% protected.
But there are lots of threats to the security of data within the insurance industry due to unauthorized access to critical data of customers by cyberattacks, hacker attacks or a misuse by insiders.
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Beta Systems today unveiled its new Identity Access Management Suite and IAM website
Beta Systems’ Identity Access Management Suite brings maximum flexibility to dynamic companies.
Today Beta Systems announced the new version of its Identity Access Management Suite. The product family, for the first time presented under the new GARANCY product label, offers many new functions and enhanced integration of the individual components.
For detailed information go to our new identity and access management website, which was also launched today.
Beta Systems IAM – Maximum Flexibility for Dynamic Companies
The updated and improved functions of the GARANCY IAM Suite specifically address the ongoing changes and emerging requirements that affect all corporate areas of the customer base. Altered or upscaled IT landscapes, new legal regulations and increasingly stringent audits as well as changed user and usage profiles pose challenges to modern companies in the wake of key trends such as digital transformation and Industry 4.0.
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IAM as a Business Enabler
IAM as Business Enabler
Sure, Identity & Access Management ticks the boxes for IT Security requirements for both internal IT security policies and external governance and compliance requirements and that alone is justification for some organisations to invest in an IAM solution.
But lets be honest – the real reason most businesses invest in IT systems is; to
Reduce Costs and Increase Business!
Increasing business of course should be the main goal for any size organisation as its seeks to either maintain market position (by controlling customer churn) or attract new customers away from the competition.
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Identity Access Management, PAM, DAG
Between 2009 and 2014, the number of successful attacks on information security increased at an average annual rate of 66%. Bearing in mind that insiders are responsible for two thirds of these attacks, managing users’ access rights with Identity Access Management has become a critical issue taken very seriously by senior management.
A large number of security solutions are now available, offering different value propositions. Identity Access Management (IAM), data access governance (DAG) and privileged account management (PAM) solutions each make their contribution at different levels to controlling access rights. As the common denominator, the user’s identity can be used to de-compartmentalize these solutions, culminating in an integrated security concept. In the following I will describe a framework for using these products based on user identity, and outlines an integrated architecture meeting IT security requirements over the long term.
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