Security in Banking and Financial Services
Identity and Access Management (IAM) aims to ensure that the right individuals have appropriate access privileges while preventing unauthorized access and protecting sensitive information. It involves the management of user identities, authentication, authorization, and privileges throughout the user lifecycle. At Cloudigital, we’ve made it our mission to thrawl through various cloud and native IAM offerings' policies, their integrations with Federated Identity Providers (Microsoft Active Directory, OpenLDAP, etc), and ensure access credentials are as little of an attack vector as they can be. Our work has even had us building custom Identity and Access Management Software for our clients with particular business requirements.
Access Roles
Managing user permissions is crucial in maintaining robust security by granting appropriate access levels to individuals based on their roles and responsibilities within an organization. By implementing efficient user permission management systems, businesses can mitigate the risk of unauthorized access to sensitive information and prevent potential data breaches. Assigning permissions based on the principle of least privilege ensures that users have access only to the resources necessary for their job functions, reducing the potential attack surface. Regularly reviewing and updating user permissions, revoking access when necessary, and implementing strong authentication mechanisms further enhance security. By diligently managing user permissions, organizations can enforce strict access controls, protect confidential data, and safeguard their systems from potential insider threats or external attacks.