The security of identity data has become a critical concern for individuals and organizations alike. Cyber attacks targeting identity information have become increasingly sophisticated, leading to detrimental consequences such as data breaches, financial fraud, and reputational damage.
As a result, digital identity resiliency is becoming an increasingly urgent topic of conversation among security leaders. Professionals in the identity and access management (IAM) field are continually looking to solutions that allow them to recover quickly and keep business running in the event of a disruption in their IAM environments.
What is the Impact of Cyberattacks on Business?
Generally, the business impacts of cyberattacks are well-documented. IBM estimates the average cost of a breach to be $9.4 million in the U.S. Moreover, the average lifecycle to detect and contain a breach is 275 days.
Add to this scenario the fact that up to 90% of organizations experienced at least one identity-related incident in the past year, and a concerning picture emerges. Because identity data is so valuable, IAM professionals are in an underappreciated position and can be heavily impacted in the event of a breach.
IAM Errors Can be as Costly as a Cyber Attack
As many IAM professionals understand, a disruption in service isn’t always caused by a breach. In fact, a seemingly innocent error can cause a data loss that can take hours – or sometimes days – to recover to status quo.
Errors in configurations, or an errant script caught too late can be just as damaging as a bad actor in your IAM system. These mistakes are much more common than a targeted cyber attack, but cause the same type of damage. Even a partial disruption in service can cause a serious business disruption and lead to lost revenue.
What is Digital Identity Resiliency?
If you’ve attended any recent industry conference, read an article, or sat in on a webinar, chances are you’ve heard a lot about Digital Identity Resilience. But what is Identity Resilience, really?
Identity Resilience, or IAM resilience, is the ability of an IAM system to anticipate, withstand, and recover from cyberattacks, ensuring the continuity of operations and the protection of identity data. This concept encompasses not only preventive measures but also the ability to detect, respond to, and recover from attacks swiftly and effectively.
Digital Identity Resilience has emerged as a market trend within the IAM landscape and has continued to grow in interest across cybersecurity, compliance, and technical circles. The growth of interest in the topic reflects the growing demand for robust and comprehensive solutions that protect identity data from cyber threats (or, as we discussed, innocent errors). IAM professionals recognize the need for proactive measures that go beyond traditional security practices to ensure the resilience of their systems in the face of ever-evolving cyberthreats.
MightyID: The Failsafe Solution for Ultimate IAM Resilience
In the pursuit of true digital identity resiliency, IAM professionals are turning to MightyID as a unique provider of a failsafe IAM Resilience solution. MightyID sets itself apart by offering an unparalleled level of backup and recovery capabilities, plus IdP-to-IdP portability, making it the ultimate choice for organizations that cannot afford any downtime in their operations.
MightyID ensures IAM Resilience through unique capabilities:
- Backup & Recovery: Granular backup and restore capabilities mean a more flexible system, with targeted efforts when needed. Getting back to business is significantly more efficient when you can get this laser-focused.
- IdP-to-IdP Failover: When failure is not an option, IdP failover capabilities can help ensure business continuity in the event of a worst-case-scenario. Temporarily migrate to a backup IdP or alternate tenant when required, keeping critical business functions moving even in the event of a disaster.
- Accelerated Compliance: When SOC 2, ISO 27000 and HIPAA require a secure backup and business continuity plan, MightyID accelerates compliance through its comprehensive backup tenant and recovery capabilities. MightyID also allows for regional service maps and dedicated infrastructure where required.
As cyberattacks targeting identity data continue to evolve and pose significant threats to organizations, the concept of Identity Resilience has emerged as a critical market trend within the IAM field. In this landscape, MightyID stands out as the ultimate IAM resilience solution, offering failsafe protection against any IAM failure, be it accidental or intentional. By embracing MightyID’s comprehensive features and capabilities, IAM professionals can fortify their systems and ensure the resilience of identity data in the face of ever-evolving cyber threats.
