Zurich, 13. August 2024 - Every second company worldwide has been the victim of a cyberattack at least once in the past year. On top of this, there are always new security threats and stricter compliance requirements to master. To meet these challenges, organisations are increasingly relying on chief information security officers (CISOs). The security experts at Nevis Security AG have the following advice in this context: those who wish to make the work of CISOs easier or promote data protection and security - while ensuring competitive strength - should provide CISOs with reliable customer identity and access management (CIAM).
The following five reasons show why the interaction between CISO and CIAM is so important:
- Holistic security responsibility: CISOs bear overall responsibility for information security in the company. CIAM tools provide them with advanced security features such as multi-factor authentication (MFA), adaptive authentication and continuous monitoring to protect access to customer data and detect threats at an early stage.They also help to verify the identity of users when they log in and use the services, which minimises the risk of identity theft and unauthorised access.
- Continuous risk assessment: CISOs should always keep an eye on all areas of IT security. CIAM tools offer them mechanisms for continuous risk assessment based on user behaviour and access patterns in order to identify and prevent suspicious activities. This is complemented by role-based access control (RBAC), as CIAM solutions enable precise control of access rights based on user roles - thus reducing the risk of excessive authorisations and internal threats.
- Ensuring compliance: The constantly changing data protection laws such as GDPR, HIPAA or CCPA require CISOs to continuously adapt and monitor compliance. CIAM tools help to ensure compliance with data protection regulations. They offer functions for managing consent and fulfilling data protection requirements. At the same time, they help with the logs and reports required for audits and compliance purposes. This makes it easier to track and document access events.
- Simpler processes, happier users: balancing security and user satisfaction can be challenging. CIAM tools enable single sign-on (SSO) and seamless authentication experiences, which increases user satisfaction and reduces login cancellation rates. What’s more, such solutions help to create user-friendly and personalised experiences as they securely manage and use data and preferences.
- Acting more efficiently, supporting growth: CISOs have to deal with new threats, such as AI attacks, and defence mechanisms. The company’s IT landscape must be constantly adapted. CIAM tools provide a centralised platform for managing user identities and access across different systems and applications - thereby boosting efficiency and streamlining administration. They are also designed to scale as an organisation grows and handle large numbers of users and logins without compromising performance or security.
‘CISOs are indispensable for companies that want to protect their security and competitive strength. A CIAM tool is essential today, as it secures customer identities, complies with data protection regulations and offers a high level of usability. Solutions such as our Identity Suite support CISOs effectively, minimise the effort involved and make their important work easier,’ summarises Stephan Schweizer, CEO of Nevis Security AG.
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About Nevis Security AG
Nevis Security AG is a pioneer in digital security and a strong advocate for the use of passwordless, user-friendly access solutions worldwide. As the market leader in Switzerland in the area of customer identity and access management (CIAM), Nevis provides organisations in the financial, insurance and iGaming sectors with the highest level of data protection and seamless authentication procedures. Nevis technology secures over 80 per cent of online banking transactions in Switzerland – demonstrating the company’s expertise and commitment to innovation. Headquartered in Zurich/Switzerland with offices across Europe, Nevis is constantly expanding its global presence through a rapidly expanding partner network, emphasising its role as a key player in the digital ecosystem. Nevis aims to strengthen its position as a leading authority in digital identity security worldwide and to provide scalable, forward-looking solutions that meet the growing needs of its customers. For more information, visit www.nevis.net.
Press contact
EPOS Marketing
Stephanie Sommer
nevis@epos-marketing.com
