Identity thefts and confidentiality of highly sensitive information is the biggest concern facing many organizations today. This is a major concern especially in the areas on financial compliance, healthcare complianceand insurance compliance. Legally identity thefts have gained high recognition and legislatures are trying to draft more stringent rules in this regard. Enterprises are trying to reduce the risk by protecting the information they collect and ensuring that they use least amount of personally identifiable information possible.
Identity access managementgovernance will help organizations reduce risk by controlling identity related information. It will deal to a great extent with identity auditingand management, i.e. how identity access information are used, stored and propagated between their systems. It will help organizations to define policies that will ensure sensitive personal information being shared securely and confidently between various applications in the organization. This will help organizations to keep a tab on who has access to what inside the enterprise.
