In the past several years, countless data breaches have highlighted the importance of enhanced identity and access management on a large scale, though specifically for financial services, public sector and health care organizations.
Data breaches continue to be some of the more common threats facing businesses in the modern market, and the constant stream of new risks has shown no signs of slowing down thus far.
The financial service sector manages some of the most sensitive data out of all industries in virtually every region, challenges only by the information that can be found in the average health care organization.
There has been an intensifying changing of the guards in the IT security community, as more experts continue to urge businesses, consumers and public sector entities to modernize their protective frameworks in light of current threats.
Even as United States citizens express interest in medical coverage, the government’s other actions have created distrust in some individuals.
As a result of the rapidly intensifying popularity of cloud computing and BYOD, many companies are at greater risk of data loss and network infiltration, especially those that are still using outdated protections such as antiquated passwords and credentials.
In the past decade, more novel technology has hit the market than ever before, while companies in an ever-increasing variety of industries and regions have become consistently reliant upon IT capabilities.
High-profile data breaches have seem to hit the news with increasing regularity and persistence in the past few months, especially as national and international retailers have experienced some of the most damaging events in history during a relatively short period of time.
The biggest difference between proactive security procedures and reactive ones can be directly tied to the financial damages that come with a major instance of data loss.
Financial services firms have been highly aggressive in their pursuits of advanced banking and transaction technology in the past several years, and as data tends to be sensitive in this sector, access controls have been a focal point of priorities.