How to Put a Stop to Identity and Access Management Risks?
For keeping the identity and secure access management risk under control, make the use of this process. It begins by analyzing and then engaging the stakeholders beyond the IT department.
- Determine your overall IT risk appetite
You can never evaluate identity and risk management all by yourself. Rather, you may get better output by considering the enterprise risk appetite. Risk appetite is the amount and type of risk a company is willing to take to accomplish their objectives. Companies have different risk appetites on the basis of their sector, culture and objectives. There are many appetites available for different risks and they can change as well. For instance, your company may be going for an aggressive innovation objective to come up with a new technology, for the same you have a high tolerance for IT risk. However, a mature business that emphasis on quality and customer service have a low risk tolerance.
- Determine risk tolerance for identity and access management
For managers and executives: there is low risk tolerance for this department. As a consequence, you may go for enhanced assessment, monitoring, and oversight to look after this risk. You can also use the biometric MFA to eliminate the odds of unauthorized access.
For hourly employees: in many companies, hourly employees have restricted authority on the rest of the company, so applying intense IT practices may not be of value here. Hence, you can deem it as high risk tolerance.
- Establish a risk reporting process
Now here you need to implement the theory. When working with identity and risk management risk, go for a monthly report. Every company will keep an eye on various factors, but consider a few key points. Keep an eye on the IT audit filings associated with identity and access management or IAM. Keep the track of the number of IT tickets related to identity and access management and the number of exceptions to your identity and access management policy as well.
- Determine high risk areas and practices for monitoring
As your risk reporting process develops, add new areas of focus, time to time. For instance, you can examine an inactive account risk in detail. In another quarter, you can analyze the competition rates for your employee password training as well. If an internal audit or consultant finds high risk practices, then keep an eye on those issues by the means of reporting. By doing this, you can get more employees and managers to act on the issue.