Modernizing Legacy IAM Systems

In today's rapidly evolving digital age, Digital Transformation (DT) is essential for organizations to remain competitive, especially against innovative start-ups. DT encompasses the adoption of new technologies to meet ever-changing business and market needs. A critical aspect of DT is the management and creation of digital identities, which are overseen by modern Identity and Access Management (IAM) systems. Modern IAM platforms are scalable, flexible, and can oversee billions of digital identities while improving productivity and reducing expenditures on time, money, and resources. In contrast, legacy IAM systems are costly to maintain, vulnerable to new security threats, and lack integration capabilities and support for new standards and technologies.

Modern IAM platforms support hybrid and multi-cloud deployments, enabling faster migration to the cloud and offering enhanced security through Multi-Factor Authentication (MFA), adaptive authentication, and Single Sign-On (SSO). Such platforms also provide better alignment with contemporary data security regulations and IAM standards, such as OAuth 2.0, OpenID Connect, and FAPI. Throughout the whitepaper, the advantages of modern IAM systems over legacy systems are emphasized through the example of the Curity Identity Server, which combines IAM and API security to improve user experience and aid DT. Curity's solution showcases modern IAM capabilities, such as passwordless authentication, risk-based adaptive authentication, and extensive support for open banking standards.

• Modern IAM platforms can manage billions of digital identities, improving both IT and business efficiency.
• Many legacy IAM systems are costly to maintain and lack the capability to support new technologies and standards.
• Migrating to the cloud is a critical step in modernizing IAM systems for Digital Transformation.
• Modern IAM platforms offer enhanced security features like MFA, adaptive authentication, and SSO.
• Curity Identity Server is designed to run on multiple platforms and provides hybrid deployment options.
• OAuth 2.0, OpenID Connect, and FAPI are widely adopted standards supported by modern IAM platforms.
• Curity specializes in implementing open banking standards and supports numerous global regulations.
• Adaptive authentication uses dynamic evaluations of user attributes like geo-location and device history for risk-based access.
• The Curity Identity Server's modular architecture allows integration into existing IT infrastructures.
• Zero Trust Architecture (ZTA) considers all networks hostile, enforcing strict authentication and authorization for every user and device.

• "One of the main objectives of Digital Transformation is to improve customer experience and engagement which are achieved by creating and managing digital identities."
• "Organizations which aim to achieve a successful Digital Transformation must modernize their IAM platforms."
• "Modern IAM platforms can offer more secure Multi-Factor Authentication (MFA), adaptive authentication and SSO, delivering secure and convenient user experiences."
• "Migrating to the cloud is inevitable for organizations that are modernizing their IAM systems."
• "Legacy IAM systems were not designed to meet today's latest technology requirements."
• "Zero Trust is neither a technology nor a product. It is a concept that emerged in 2010."
• "Today, IAM systems can be deployed on both on-premise and hybrid/multi-cloud platforms."
• "Curity's Neo-Security architecture aims to encrypt data and secure applications and APIs as well as protect organizations against data or identity theft and security breach."
• "Adopting a modern IAM platform can facilitate organizations' Zero Trust journey."
• "The Curity Identity Server offers modern IAM capabilities empowered by a hybrid deployment model, modern authentication methods, and support for financial-grade standards."