IdentityMate is a creative identity risk management company, providing solutions to both consumers and businesses. There are many identity management challenges facing business management and individuals which require creative and effective solutions.
Identity management risks like all other risks can be ignored, transferred to third parties or dealt with in accordance with our risk tolerance, assigned priority, budgets and resources. Many factors contribute to our identity management practices and decisions including our risk tolerance and awareness including tarnished corporate image, competitive disadvantage, lost revenues, and penalties from regulatory violations such as fines and jail time.
Identity Management Scope
Identity management is a critical component of many functions within an organization and thus is a distributed process. In particular, sound identity management practices are even more important in organizations where 1) critical business information assets exist and must be accessed and protected, 2) millions of consumer personal information are collected as part of the business process and must be protected, 3) thousands of employee and third party identities and access must be managed and 4) millions of customer identities must be validated in member based organizations such as social networking companies to ensure appropriateness, completeness and accuracy of member information. As such, distributed identity management practices are not solely established for information protection purposes and are interdependent for a full cycle identity management. According to the Identity Management Institute "Distributed identity management practices throughout an organization strive to ensure an identity is complete, accurate, valid, approved, readily identified, secured, granted proper logical and physical access, monitored through its lifecycle, and deactivated upon its useful life inside and outside of information systems as applicable."
Identity Management Institute
Professional Training and Certification
Emerging Risk One of the emerging identity management risks is identity theft with dire consequences of fraud and privacy disclosure. We have become an identity obese society and as we continue to acquire and accumulate more personal information, we collectively lack the understanding of the risks as well as our obligations for protecting the personal information of our families, employees and clients. Consumers and businesses are disconnected from each other and lack the understanding of their rights or obligations, thus creating challenges that affect both consumers and companies in terms of their credit worthiness, quality of life, credibility, and financial or emotional positions. Although some security and privacy laws address the rights of consumers and obligations of businesses, these laws are neither comprehensive, nor very clear and centralized, however, they still need to be complied with to the extent of the regulated environment in which businesses operate. Click below to visit Identity Diet
