Five key takeaways from IDM Europe

Our first Virtual  Identity and Access Management Europe Conference, which took place on Tuesday the 15th of September, was a huge success for everyone concerned. The delegates had the opportunity to network, debate and collaborate, our industry partners had the opportunity to build their client base, and our guest speakers had the opportunity to share their own workplace examples of best practice[MH1].

Let us just go over a few of the key takeaways…

Going beyond the password

Martin Boreham, Senior Solutions Engineer, BeyondTrust[MH3] 

From Beyond Trust we had Martin, who presented[MH4]  us with an example of how PAM credentials are exploited. He addressed key concerns such as why relying on password management alone leaves dangerous gaps in protection and the steps needed to achieve rapid leaps in risk reduction.  To illustrate the role that Beyond Trust plays in managing enterprise PAM credentials, Martin revealed how the beyond trust platform enables three integrated solutions to drastically reduce your window of exposure while boosting business productivity. With an integrated PAM solution, businesses are better able to discover who is onboard, manage and audit every privileged account and ensure that you are able to track every session.

Implementing, delivering, and managing your IAM solution

Tari Dogra, Head of Division-IT Service Management, St.Jame’s Place Wealth Management

Tari’s employer was faced with either continuing to rely on manual IAM processes despite the growing workload or look to an IAM solution which could automate processes rather than overburden IAM practitioners.

The result of this action was to reduce the possibility for human error, ease regulatory pressures, improve employee experience, and reduce costs.

As Tari states, ‘Regulatory compliance pressure fuelled our search for a better way to manage identities in the organisation, but we also knew the cost savings and employee experience upside possible from a governance-based identity approach”.

Adopting a more muscular IGA platform

Mark Vermeulen, Director for Sales Benelux, Omada

Mark discussed how the transformation of the IAM landscape is happening at a rapid pace. This pace of change has been noted by leading analysts who predict that by 2022 SaaS delivered IGA solutions will augment or replace 75% of existing software delivered IGA implementations globally.

Mark highlighted how to adopt a  highlighted how a modern SaaS delivered IGA can accelerate the implementation of IGA best practices, master governance[MH7]  and compliance with automated processes and enable you to act quickly against violations with built-in automated workflows.

Understanding why IAM projects fail

Stefan Bosnjakovic, IAM and GRC Architect, Deutsche Kreditbank AG

Stefan addressed that most painful and widely shared of experiences, IAM project failure! He provided a masterclass in what to expect, how to best manage your major pain points[MH9]  and what to avoid. One of the most important points made was that whilst technology has made IAM projects more secure and sophisticated, this has also led to a number of factors which often result in an initiative remaining in the pilot rather than the production stage.

·         Lack of aligned stakeholders or cross-functional department buy-in

·         Lack of executive sponsorship

·         Lack of effective daily project/program management

·         Lack of realistic time/money/impact/changes expectations

·         Lack of long-term IAM roadmap

How familiar are these to you?

Remember IDM Europe will remain online for the next 4 weeks, so please check it out if you have not already by clicking the link below.

We hope to see you all again next year at IDM UK, March 2021

Live Agenda