5 IAM Facts You Should Know as a Business Owner

You may know a little about IT if you’re a business owner. You might know nothing about it. You should probably understand a few basic IT concepts, though.

IT stands for information technology. It’s a vast field encompassing many areas, including telecommunications, hardware, software, human resources, databases, and more. IAM is also part of IT. You should know some IAM basics if you’re going to run a company that uses technology in any capacity.

We’ll talk about IAM and list some facts about it in the following article.

IAM Makes Sure No One Unauthorized Sees Your Data

IAM performs a crucial IT function for companies. It stands for identity and access management. It’s a framework you’ll want to put in place for your company to keep anyone unauthorized from looking at your business’s proprietary information.

Nearly every company has proprietary information. KFC has its secret blend of herbs and spices. Coca-Cola has its original recipe.

Each company has information they need to keep under wraps because other businesses want to see it and exploit it. That’s why IAM matters so much for companies.

IAM uses technology and policies that you intentionally put in place. Your workers can learn to use it so that nothing gets out that you want to remain private. Only your workers should know how to access your data, and IAM fundamentals allow you to watch over your most closely-valued secrets.

IAM Means Only Some Workers Can Access Your Data

Some business owners make a mistake when they learn about IAM. They think that with IAM protocols in place, everyone in their company can access their data while they’re keeping out anyone who doesn’t work for them.

It doesn’t quite work that way. With IAM, you can modify technology and protocols so that only particular individuals working for your company can see certain files or access other data. In other words, you can grant some people who work for you access to some company resources while denying others that same access.

You don’t want someone you just hired to get a password that will let them access every one of your company’s secrets or all your proprietary information. You might only allow some workers basic access while you reserve all-access passwords and only give them to a few individuals at the top of your company.

It’s like military clearance. Say you have someone on a need-to-know basis that you feel does not need to know about everything your company does. You can deny them access as you see fit with the IAM protocols you set up and maintain.

You Can Set Up an Incredibly Complex IAM Infrastructure

You should also know, as a business owner, that you can set up IAM in all kinds of different ways. One-size-fits-all IAM does not exist. Instead, you can instruct your IT department or an individual you hire to set up a customized system that works just for your company.

Your unique IAM system and protocols might include certain technologies while discarding others. It may feature passwords that you distribute to some of your workers but not others. You might also grant key cards to some employees but not others if you only want some of your staff to access certain places.

You can set up an IAM system that features both hardware and software. You might have computer protocols that make up your company’s IAM backbone, but you also have other safeguards that make up the larger and more comprehensive whole. The closer you want to guard your company’s secrets or proprietary information, the more layers you’ll likely install in your individualized IAM setup.

IAM Can Cost a Lot of Money

You should also know that IAM can potentially cost a lot of money. If you have a small mom-and-pop business, maybe you’ll only need a very basic IAM system for your computers and any other access protocols. That should not cost you all that much, and you might only need a single IT freelancer to set it up for you.

If you have an enormous company like Amazon, you’ll need to spend a lot more money and dedicate more resources if you want a fully-functioning IAM setup. If your company keeps growing, expect to pay more for IAM.

It’s worth it, though. If you don’t spend the time or money implementing IAM for your company, hackers can more easily access your sensitive data. IAM represents vital security protocols, and without them, you might have to deal with a data leak.

If that happens, you’ll probably face a PR nightmare. You might have to explain how your lapse caused millions of client credit card numbers or home addresses to go public. You may have to tell your workers that a hacker got all of their personal info as well.  

That’s why you should look into spending the money on IAM if you haven’t set it up for your company yet. You might not like the initial expenditure, but it’s something all responsible business entities must do.

IAM Can Show You Access History

IAM can do so much for your company, but you might find tracing access history an underrated feature. Let’s say you suspect industrial espionage. You feel like someone leaked confidential information, but you have an IAM system in place.

If so, you can use that system to trace access history. You can assign each system user a name or number identifying them. You can then use that designation to trace each person’s movements.

If an individual somehow got around your security protocols, but they work for your company, you can find that out and discipline them accordingly. Maybe you’ll fire them or contact the police if you see fit. With IAM, you can see each person’s daily activities as they sign on and move around within your network.

IAM can do a lot for businesses, and you should consider putting it in place if you haven’t done so yet.