{"id":101,"date":"2019-01-15T11:57:15","date_gmt":"2019-01-15T11:57:15","guid":{"rendered":"https:\/\/cloud-source.us\/?p=101"},"modified":"2023-06-07T19:24:58","modified_gmt":"2023-06-07T19:24:58","slug":"identity-security","status":"publish","type":"post","link":"https:\/\/cloud-source.us\/index.php\/2019\/01\/15\/identity-security\/","title":{"rendered":"Four Ways AI Can Help Your Identity Security Program"},"content":{"rendered":"

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Banks and financial institutions, from brokerages and investment management firms to credit unions, are faced with significant security, operational, and compliance challenges.<\/p>\n<\/div>

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SailPoint<\/span>Complex corporate structures and departmental silos hinder management\u2019s visibility into roles and attributes. Lack of robust identity security puts financial firms with strict compliance and regulation requirements at risk.<\/p>\n

And as the number of applications and users rise, manual processes for provisioning access simply cannot keep up. These factors make the financial services sector a lucrative target for attackers who can access a rich and diverse supply of financial and personally identifiable information (PII) data.<\/p>\n<\/div><\/div><\/div>

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Why AI matters to banks and financial services<\/h2><\/h2><\/div>

AI-driven identity security is business essential in the fight against cyberattacks, rising costs and the effort of demonstrating compliance. Gone are the days when managing identities and their permissions in banks and financial services could be accomplished by spreadsheets.<\/p>\n

Today, ensuring that each identity has the right level of access can only be accomplished with significant help from artificial intelligence-based technology. AI-driven data intelligence automates the discovery, management, and control of all user access. This allows banks and financial institutions not only to make better and faster access decisions, but also to quickly spot and respond to risky access that could pose potential threats and impact business continuity and the protection of sensitive PII data required by compliance regulations such as SOX, GDPR, GLBA and PCI DSS.<\/p>\n<\/div>

AI key benefits<\/h3><\/h4><\/div>