Top 5 Identity & Access Management (IAM) Trends in 2023
With the advent of IAM, organizations are experiencing a secure and manageable digital transformation in terms of identity management and security.
IAM helps in having frictionless and end-user-centric digital workspace where lots of identity & access management become automated.
Organizations need to come up with the best approaches for IAM implementation.
The friction associated with each IAM implementation determines the success or failure of an initiative.
In 2023, IAM researchers and IAM vendors are focusing more on new directions and security postures to make IAM implementation more fruitful.
This blog will give you a quick walkthrough of the top 5 identity and access management trends.
List of Identity & Access Management Trends:
Let us now take a closer look at the various trends that organizations and IAM vendors should follow in 2023.
#1. Leveraging AI & ML for Better Identification & Security:
IAM solutions powered by Artificial Intelligence (AI) can enhance the security and identity recognition potential more precisely.
Leveraging machine learning algorithms can enable the IAM system to learn from millions of user actions, behaviors, and authentication transactions & spot or predict anomalies or security breaches.
Tech visionaries are envisioning a future where machine learning (ML) systems will observe computer sessions, identify whether a genuine person is accessing the system, predict internal and external threats, and understand the data breach pattern beforehand.
#2. Incorporating Advanced MFA for More Security:
As we all know, Multi-factor Authentication (MFA) can help secure our accounts and systems from potential breaches.
According to Verizon’s report, more than 90% of breaches involve some kind of phishing attack.
Therefore, threat actors are skilled enough to steal your passwords and sensitive authentication credentials.
Thus, IAM solutions should pay more attention to mandating MFA through OTPs, and add a third layer of authentication check by implicitly checking the behavior, IP address, geographic location, the device used, etc.
Enabling the risk-based authentication control (RBAC) feature can benefit organizations in the long run.
IAM providers are also focusing on improving the RBAC feature through AI.
#3. More Focus on User Consent & Data Privacy Through Compliance:
As more news is making headlines on user data leakage and privacy violation, organization and end-users are paying additional focus on data privacy and data consent.
IAMs should stay up-to-date with all the latest compliances and policies associated with the user or employee data.
New regulations mandate companies to take user consent before storing or using users’ personal information.
IAM providers are giving extra focus on remaining aligned with all the compliance like GDPR, COPAA, HIPPA, SOX, ISO/IEC 27017, etc.
#4. Machine Identity Through Zero Trust & Least Privilege:
IAMs should promote the Zero Trust security framework to tackle cyber threats and safeguard systems, hybrid cloud environments, and employees from unknown threats.
In the Zero Trust model, employees and individuals will be checked for authentication and verification during the login as well as in-between the session, so that they have to prove who they are before using any organization’s resource.
That is how organizations can enable machine identity through IAM.
Also, organizations should promote the least privilege in tandem with Zero Trust model so that employees with the network get limited resource access only to systems they need.
Through such an approach, organizations can automate the machine identification concept.
#5. Decentralized Identity Ecosystem:
With the upsurge in identity theft & privacy leakage over the past few years, organizations from different sectors are planning to incorporate decentralized identity ecosystems and not to use centralized systems for identity management.
That is why IAM vendors and product developers are focusing on leveraging blockchain to gear up identity management in a decentralized form.
Through blockchain technology, implementing a decentralized identity ecosystem will protect user identity because such system will follow a user-centric model.
The users will be responsible for managing their identity data.
That will also promote the identity governance & administration (IGA) and other regulatory compliance to align with the organization’s data privacy and security architecture.
We hope this blog has given a crisp idea about the top Identity and access Management trends in 2023.
Almost all modern IAM vendors and service providers are proactively working on leveraging various Identity & Access Management (IAM) trends.
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