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In the typewriter days of the early 70s, identification processes carried out by organizations relied solely on physical access points. If you had a key to the office, you’d be allowed entry. As computers became more widespread in the 80s, IBM popularized the term “personal computer” and released their own PC code-named “Acorn.” Since then, more advanced identification systems cropped up, such as Windows logins.

With the advent of cloud-based services, identity management has become more refined. That is in large part due to the risks associated with cloud computing. If you fail to safeguard organizational data from people they are supposedly off-limits to, your organization may fall victim to a cybercrime. 

In the United States alone, nearly a million data records get stolen every hour. On a global scale, these breaches cost organizations billions of dollars. On top of financial loss, companies have to contend with rebuilding their digital security infrastructure in such a way that mitigates the risk of further attacks.

The potential danger of data breaches gave rise to identity lifecycle management (ILM) as a comprehensive approach to digital security.

What is Identity Lifecycle Management?

Identity Lifecycle Management refers to a strategic solution that seeks to safeguard the processes in which one user or identity relates and operates within an organization’s digital infrastructure. For ILM to reach full efficiency, it must cover two factors:

  • Consolidation of various online identities into one safe and manageable credential
  •  Consolidation of multiple ILM elements into one standard infrastructure that is easy to administer, configure, and troubleshoot, if necessary

Five frameworks typically support the identity lifecycle management (ILM) system. They are as follows:

1: Directory Services – This refers to the management of user information and communication within a computer network.

2: Operating System (OS) or Application Standardization – This standard enterprise OS spans multiple PC hardware corresponding to identified user profiles. It is supported by shared policies and safety technology.

3: Security – A range of integrated technology for the improvement and safety of end-user devices.

4: Asset management – This covers business processes, such as financial and engineering, which impact the lifecycle of assets.

5: Audit and compliance – These are achieved via documented evaluation zeroing in on system violations and threats.

The Identity Lifecycle Management Process

An ILM does not end in a single transaction. It’s an ongoing process that requires ongoing management. Here’s how an ILM system works:

1: Registration and onboarding – This process covers identity data collection and proofing. A user provides personal data supported by documents. For proofing, the steps include validation, deduplication, and verification. Deduplication seeks to establish user data uniqueness.

2: Issuance – One or more credentials may be issued to a single user. These credentials are strictly bound to their specific recipient.

3: Use – During transactions or requests for access, identity is checked via a two-step process. The first is authentication, where credentials or factors are tested to determine if the user is who they claim to be. The second is verification, where attributes specific to the purpose of the transaction (e.g., name, age, address, etc.) are verified.

4: Management – This is where identities and credentials are overseen. Management entails maintenance of the system, solution of errors and grievances, and engagement of stakeholders. The latter happens via consistent communication and consultation.

The Benefits of Efficient Identity Lifecycle Management

With ILM, your business reaps the following advantages:

1: Automated onboarding and offboarding – Even when hiring remotely, the onboarding process is streamlined. Your IT team will efficiently relay multiple levels of access to new hires. The system allows for a smooth transition for offboarding, as well. These tasks may be accomplished in a few clicks on Identity and Access Management (IAM) applications or with the help of reliable identity management services.

2: Zero-trust approach – With a reliable ILM, you can implement a zero-trust approach to safeguard sensitive organizational data thoroughly. Furthermore, this process won’t compromise the end-user experience. 

 3: Multi-factor authentication (MFA) – This is a built-in function if you sign up with an ILM service provider. You rest assured that all stakeholders in your organization will have to follow strict MFA. That process may include incorporating one-time passwords (OTPs), digital certificates, and biometrics, among others.

4: IT costs reduction – The more efficient and dependable your ILM system is, the less burdened your IT team will be. If you do not have in-house IT, you’ll have fewer instances where you need outsourced IT support, thus reducing operating expenses.

5: Automated policy management – This is another task off your plate. ILM may incorporate automated policy management into its system. Procedures and protocols become easier to navigate as they are consolidated and monitored within an app or software.

Identity Lifecycle Management against Cybercrime

Effectively combat data breaches by incorporating a robust identity lifecycle management system into your operational paradigm. With Q5id’s identity management solutions, you can safeguard your operations against any emerging threats. Get in touch with our team of specialists today!