Did you know that 50-60% of today’s organizations still rely on manual Identity Access Management (IAM)?
While automated IAM technologies like RapidIdentity enable administrators to automatically provision and monitor users and grant time-based access, manual IAM requires admins to manually change these factors for each individual within the organization. This system can lead to lapses in access restriction and ultimately large losses in time, money and security.
A recent Forrester report examined the pitfalls of manual IAM and the benefits of automated IAM. According to the report, around 47% of technology decision-makers have experienced internal data breaches over the last 12 months. Of these organizations, those which rely on manual IAM processes fall victim to breaches more often than their competitors who secure their organizations with automated processes.
These breaches are more common in companies with manual IAM processes for a number of reasons. For instance, manual IAM requires IT Admins to update and make changes in individual accounts, versus automatic, when controls are adjusted, the associated user accounts are automatically updated to restrict or to allow access in real time.
So why do people still use manual IAM?
One of the primary reasons is the assumption that switching to automated IAM will not benefit the organization’s bottom line. However, companies who utilize automated IAM can achieve over 100% more ROI than they did with manual processes. Adopting automated IAM will reduce costs while increasing return on investment. In fact, according to the report, manual IAM costs can actually be double that of automated systems. The excess costs of manual IAM can be attributed to the expense of IT hours required to maintain the system and its inefficiencies.