With the size, number, and frequency of data breaches increasing year over year, pressures caused by external security threats have never been greater. At the same time, the number of identities and volume of activities requiring access, compounded by the uptick in remote working, are expanding at a rapid cadence, increasing the internal threat surface. Many factors are driving this security threat expansion, including new identity types, such as Internet of Things (IoT), Operational Technology (OT), and mobile, among others, as well as the move to cloud and hybrid-based applications.
As external and insider cyberthreats become a bigger challenge, the scope of identity management has grown in response. These threats make securing identities and access more important than ever before. As a result, the regulatory and compliance landscape is becoming ever more complex and rigorous, with a multitude of regulations, such as Sarbanes-Oxley (SOX), Health Insurance Portability and Accountability Act (HIPAA), General Data Protection Regulation (GDPR), Federal Information Security Management Act (FISMA), and others. Legacy identity and access management (IAM) and identity governance and administration (IGA) solutions (a subset of IAM) are not equipped to handle these growing challenges and requirements at scale.