With the growing number and new vectors of cyber attacks, identity and access management is taking a center stage and is becoming a new defence outline. Furthermore, increased number of connected devices and employee mobility are making the job of cybersecurity professionals more difficult. In this context, only perimeter-based safeguarding measures are no longer meeting the security needs and implementation of adequate IAM and cybersecurity tools is necessary. Identity-based technologies like User Behavior Analtics can help in identifying anomalous behavior and detect internal and external threats. By utilizing a combination of already existing IAM, authentication and other technologies, Zero Trust security approach is also gaining popularity.
Blockchain Technology is promising solution for digital identities, enterprise resource planning (ERP), supply chain management and more. Distributed Ledger Technology (DLT) makes Self Sovereign Identities (SSIs) possible, where individuals can keep control of their digital identity and share it whenever they want with whoever they want. Furthermore, it can help large companies in having better transparency and security. Blockchain as a Service is already gaining some traction. Several SSI concepts as well as number of commercial products are being offered on the market already. It remains to be seen how scalability, governance questions and future privacy regulations affect wider adoption of DLT.
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