Identity and access management (IAM) is a system for securely initiating, storing, and managing user identities and access permissions. IAM ensures that user is authenticated and provide authority or access for a particular application or a system.
Increasing web-based applications and risk management factors such as policy-based agreement and audit management coupled with cost control are major factors expected to drive growth of the global market over the forecast period. In addition, increasing investment by large scale and government organizations, and stringent regulations are other factors expected to further fueling growth of the target market.
Furthermore, rising preferences towards connected devices, bring your own devices (BYOD), and internet of things (IoT) are other factors expected to boost growth of the market in the near future. Moreover, increasing investment in research and development activities for developing sophisticated high-end products is another factor expected to support growth of the global market over the forecast period.
Increasing investment in R&D for developing innovative products, technological advancements, and growing cloud-based applications are expected to create lucrative opportunities for the players operating in the target market in the near future.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.