Identity Governance and Administration (IGA) is a category of IT solutions that provide a comprehensive toolset for governance and administration of identities and accesses. These solutions are needed to effectively manage the process for identifying, authenticating and authorizing individuals or groups of people to have access to applications, systems or networks by associating user access rights with established identities.
Why is IGA increasingly important?
Today’s IGA technological landscape is evolving at an unprecedented rate. Interconnected systems, digitalisation, smart-working, utilisation of private devices for business and complete dependency on systems to deliver products and services require highly effective and efficient user access management processes. Risks in this area range from unauthorised access, cyber-security threats, leakage of sensitive information, business disruptions and company reputation damages.
What could go wrong?
The consequences of some of the risks highlighted above can be crippling. Poorly designed user access governance models, manual access provisioning, organisational communication silos, ineffective or inefficient procedures or both, coupled with system access vulnerabilities can lead to significant business losses. For example users may not be able to access systems required for delivering critical daily tasks such as production processes or rendering services to customers. Breaches of personal data regulations, such as for example GDPR, can lead to penalties up to 4% of the total global turnover. In another scenario, leakage of sensitive company information may advantage competitors, damage the company’s reputation and cause loss of trust by key stakeholders.
How can you respond?
If you are overwhelmed by the complexity and feel you do not have enough experience in this area, you should consider reaching out to a specialised consultant for independent and effective advice. We, at Horizon Compliance, are a small team of very committed and dedicated professionals, each with 15+ years of real-life and hands-on experience (not just advisory) in this highly specialised area. Most of our team members are also fully certified with the leading industry certifications such as CIA (Certified Internal Auditor), CISA (Certified Information Systems Auditor), CISM (Certified Information Security Manager) and CFE (Certified Fraud Examiner) to guaranty the quality of our support.