Gartner - Access Solutions Delivered as a Service Gain Market Acceptance

Veriphyr's delivery of User Access Compliance as a subscription service is part of a fast growing trend of identity and access (IAM) management offerings delivered as a service (SaaS).

According to Gartner "purchase of IAM functionality delivered as a SaaS is expected to accelerate over the coming years. This is confirmed by a Gartner survey of 111 end-user respondents in North America and EMEA showing that 27% of the businesses interviewed during the 2009 IAM Summits agreed, pointing to an expected increase in spending on SaaS IAM products by 2011."

View a 5 minute video demonstration of the Veriphyr service.

Sources:
(a) Gartner Says Worldwide Identity and Access Management Market Will Grow 8 Per Cent in 2010 to Reach $9.9 Billion

IT Compliance Remediation Spotlighted in the “Top 5 Security Initiatives” List

Audit and compliance are in the spotlight according to security executives who participated in the 2010 global security survey conducted annually by Deloitte.(a)

“For the first time, information security compliance (internal /external audit) remediation is a top-five security initiative as organizations gear up for increased regulation and legislation.” – Deloitte 2010 .(a)

New Initiative Reflect Importance of Compliance

#1 Top Audit Finding for 3 Years Running is Excessive Access Rights - Deloitte Survey

Excessive Access Rights is the #1 audit finding according to Deloitte's 7th annual security survey.(a) Moreover, excessive access rights was the #1 audit finding in the previous two annual surveys.(b & c)

Given that excessive access rights are often due to job changes and terminations it is no surprise that the #5 audit finding is "Lack of clean up of access rules following a transfer or termination."

Why are Excessive Access Rights so Prevalent?

Credit Unions' Top Challenge is Identity and Access Intelligence Says the National Credit Union Administration (NCUA)

Most Significant Issues for Credit Unions
Gigi Hyland, board member of the National Credit Union Administration (NCUA) highlighted Identity and Access Intelligence issues as the #1 and #2 "most significant information security threats to credit unions" in a new podcast interview with Tom Field, editorial director for Information Security Media Group.

#1 Issue - Former Employees Retain Access and Steal Data
When asked "What do you see as the current information security threats that pose the biggest challenges to your member institutions?", Hyland listed "first and foremost" theft of data by former employees after termination.

"Unfortunately, the agency is learning of cases where disgruntled former employees pilfer or otherwise corrupt key data after their employment with the credit union ends. And this creates, as you can imagine, a great deal of risk to the institutions, and I think what we are seeing is that in order for credit unions to be proactive from an internal control standpoint, management really needs to ensure that policies are in place for coordinating data access." - Gigi Hyland, NCUA board member