What Is Identity Lifecycle Management?

What Is Identity Lifecycle Management?

In the world of enterprise IT, the term “identity lifecycle management” often comes up in discussion, especially with relevance to modern identity and access management (IAM) products and services. Referring to an assortment of business processes and technologies that are required to manage, regulate and authenticate the countless numbers of user accounts within an organisation, identity lifecycle management addresses the need for provisioning and deprovisioning whenever an employee joins, quits, or changes roles/departments within the company.

In recent times, automated identity lifecycle management has become a crucial part of modern IAM solutions. As employees need to access critical business data, tools and applications to carry out their work and meet corporate objectives, a majority of companies have made the decision to adopt IAM systems for automated identity lifecycle management. What identity lifecycle management ensures is that employees are able to access the necessary corporate resources and data at any time and from any location. At the same time, logins and access are closely monitored and tracked to prevent any compromise or breaching of security, protecting the organisation’s data and security networks.

Why is Identity Lifecycle Management Important?

Identities are assigned to applications and users so as to authorise and control their access privileges to certain resources that hold valuable and sensitive information. However, there are many sources for identities to come from.

A common source of identities for employees is the department overlooking and managing human resources within the organisation. Where employees are first registered upon their employment period with the company, each employee is given an identity number, with various business roles and job titles that allow them to access specific applications and software that is linked to their account role and privileges. In addition to HR, there may be alternative sources of identities within a company. For instance, some organisations rely on multiple directories to store identities and employee account data. There are also databases filled with customer information which also act as sources of identities. It is imperative that identities are managed properly and effectively within an organisation, and it is therefore crucial to understand where identities originate from and who controls their assignment.

Having a system in place to managing the identity lifecycle is quite important for the prevention of data loss, reducing regulatory risks and fewer business impacts.   Dealing with private information is extremely scary for businesses and adopting a good identity management plan will allow enterprises to allay their fears and worries of any leakage of confidential information. Furthermore, organisations must comply with regulations set in place by the government. Without having a solid IAM model, organisations are putting themselves at risk to data loss and in turn, being faced with penalties dealt by the government. Making sure to have a good identity lifecycle management will grant companies better system availability, which will lead to a decrease in business impact.

Identity lifecycle management and IAM can work hand-in-hand effectively to fulfil the security needs and policies of businesses. With good identity management, organisations can ensure that their productivity levels are held to high standards.