For companies competing in today’s borderless and digital world the protection of sensitive systems as well as confidential data of your customers is critical. When it comes to protecting these assets, the phrase identity as a service (IDaaS) comes up frequently. Significant data breaches and scandals are in the headlines every day, and more companies are beginning to use IDaaS types of service from providers who can help them manage and secure confidential information and sensitive systems using identities.
What exactly is IDaaS? How does it work? What benefits does it offer your business? Here’s a closer look at this service, it’s key components, and a look at the advantages it has to offer.
Identity as a service is a cloud-based solution designed for access and identity management. The goal of IDaaS is to authenticate users and provide each user with the correct access to files, software, and other resources they’re permitted to use. It also involves collecting intelligence, logging events and generating reports on users, including when a user accessed a system and what information they accessed for monitoring and audit trail purposes. IDaaS also offers organizations an array of additional opportunities, including reduced fraud, enhanced marketing opportunities, and convenient customer services.
A variety of features and functionality are provided by IDaaS solutions depending on the market segment and vendor you choose. Some of the common functions and components of identity as a service include:
One of the notable applications for IDaaS is single sign-on. This application allows users to only sign in one time within the network perimeter. With that one effort, they can obtain access to the parts of the company’s resources and programs they’ve been authorized to use. It’s fast, easy, and secure, keeping users from the need to continually sign into different programs or resources within the network.
It’s important to understand multi-factor authentication since it’s a core component of IDaaS. This form of authentication has become increasingly deployed and in some industry segments mandated as a method of verifying the identity of users. As the name suggests, multiple pieces of identifying information are required before access is granted. For example, a user may need to provide a password, have a device, and confirm a code. In most cases, two or more of these criteria are used for multi-factor authentication:
Multi-factor authentication provides additional security, reducing the risk of unauthorized access. It is generally recognized that the traditional user name and password combination no longer provide adequate protection in light of the massive data breaches which have exposed billions of users’ log-in credentials and many people’s inability to maintain hundreds of unique, strong passwords. Therefore, it is broadly recognized that something more is required to protect sensitive data and systems and to restore trust in those systems. Multi-factor authentication, especially those methods using biometrics may provide the solution.
The inheritance criteria or biometrics will soon be more frequently deployed as a part of the multi-factor authentication process. Fingerprints are a common form of biometrics used within IDaaS systems, but some vendors are beginning to turn to other forms of biometrics as well, such as facial recognition, handprints, retina recognition, thumbprints, and DNA. With today’s digital and mobile transformation, it is important that the IdaaS provider offers a biometric solution that can be easily and cost-effectively mobilized to the smartphones broadly deployed. When used with other forms of verification, such as a password, adding biometrics to the authentication process can provide another layer of security to keep your company’s information safe.
Using identity as a service offers several significant benefits to businesses, principally cost savings, access to industry leading expertise and efficiency. Dealing with identity at an enterprise level using software can be costly – it requires your team to maintain a data center or pay hosting fees, to provision and maintain servers, to purchase, install, and upgrade software, data backup, and above all to have an IT team which is focused on identity management to maintain this platform at the highest level.
IDaaS providers have the resources, facilities and expertise to provide state-of-the-art solutions that meet your needs. Their costs are amortized across all the customers that use their services, which enables them to invest in all the latest technology and to constantly innovate. The bad actors are constantly finding ways to hack your systems and it is essential that the protective technologies employed by the IDaaS providers are constantly updated. As a company you have the benefit of that expertise and investment without having to engage in it or even understand it yourself.
With an IdaaS provider you’ll enjoy additional security and efficiency with significant savings in time, with fewer password resets and more trusted logins by your users. No matter where a user is logging in from, the process will be secure and seamless. The additional security offered with this solution can also keep your business from dealing with a breach or hack that could be devastating enough to harm your reputation and even destroy your business.
Moving identity to the cloud, just like you may have done with email systems or network security monitoring, improves efficiency, offers significant savings, and gives you expertise from proven vendors. Identity as a service continues to evolve and grow, and it’s offering companies a way to improve user experience and boost security in a cost-effective way so they can grow their business with less worry.