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PATECCO Takes Part in European Identity & Cloud Conference 2019 as a Gold Sponsor

The German IAM company PATECCO will be a Gold Sponsor, for a second time, at European Identity & Cloud Conference 2019. The event is organised by the analyst comany – Kuppingercole – and will take place from May 13-17, 2019, at INFINITY Ballhaus Forum Munich, Germany. EIC 2019 is known as Europe’s leading event for Identity and Access Management (IAM), Customer Identity and Access Management, and Cloud Security. Its audience includes hundreds of end users, executives, worldwide leading vendors, thought leaders, principal analysts and international top-speakers.

PATECCO Management team is taking part in practice discussions concerning Cloud Access Control and Internet of Things. Its professionals will share thoughts about the best practices for providing secure access with modern, multi-factor authentication and enabling interactions and interoperability in the Digital Ecosystem.

Photo Source: Kuppingercole

Being a Gold Sponsor gives PATECCO the opportunity to standout from competitors and to show its proficiency in Identity and Access Management as enabler of innovation and security in the Digital Age. The company also provides unique skills in IAM specific agile software development methods, based on latest technologies.Its long-term partnership with Microsoft and IBM supports the success in a number of international consulting projects from pharma, finance, insurance and utility sector.

PATECCO is a frequent exhibitor at Kuppingercole conferences and well-known with its competences in IAM, Public Key Infrastructure, Privileged Account Management, Role Based Access Control, and Identity Governance. The company is famous for its global capability – designing, deployment, and management and monitoring for clients of all sizes and industries around the world, long-term customer retention, security, compliance and flexibility.

What’s the Difference between PAM and IAM tools?

Identity & Access Management (IAM) and Privileged Access Management (PAM) are often misunderstood having similar features – both dealing with users, access and roles. They also refer to safeguarding data by protecting who has access to the systems, and what they are allowed to do on sensitive systems.

Despite these fact, they are actually quite different…

The role of PAM is to protect users with privileged access to sensitive data. IAM takes care of business’ everyday users or customers, controlling the access and experience that those users are granted within an application.

Usually it is recommended PAM solution to be primarily implemented, followed by a complimentary IAM solution. The reason is that PAM solutions take security and compliance a step further and help IT teams to get control over privileged users and accounts. Of course, there are organizations that implement Privileged Access Management and Identity and Access Management independently. In this way they miss some key values that could come from their integration such as getting control over user access, permissions and rights to address a security, and compliance.

Let’s now go back to the differences between PAM and IAM:  For example, IAM allows you to provide a salesperson with access to their email account, and provides higher level access for certain individuals to log into sensitive systems such as finance and HR.

In contrast, PAM tools are able to manage passwords and authentication and enable servers and databases to securely communicate. These privileged accounts are defined as highly sensitive because they give access to administrative capabilities such as network and server settings. 

IAM systems are great at establishing and removing the access to accounts but they lack the visibility and reporting when privileged access is performed on applications and databases. The ability to audit and monitor the actions of system administrators is a critical security capability required by regulations and reviewed periodically by auditors. And this is what PAM does – provides auditing and monitoring what a system administrator is doing in a specific system, a visibility on how identities are being used, and logging session reports.

IAM and PAM could be integrated and that process provides multiple benefits: PAM delivers data to IAM regarding who can have access to which role-based accounts and then IAM delivers data to PAM defining who should have access to privileged tasks.

How to Detect and Protect the Sensitive Data in the Cloud

As already mentioned in the previous article, Cloud computing has transformed the way organizations approach IT, enabling them to adopt new business models, to provide more services and productivity, and reduce IT costs. Cloud computing technologies can be implemented in different kinds of architectures, under different service and deployment models. At the same time they can also coexist with other technologies and software design approaches. Looking at the broad cloud computing landscape continuing to grow rapidly, it becomes obvious that access to sensitive data in the cloud should be properly monitored and controlled.

Cloud services facilitates data management and applications across a network linked through mobile devices, computers or tablets. But these networks can pose significant challenges for front-end security in the cloud computing environment. For overcoming any threats, there is a need of multiple levels of user-enforced security safeguards which are able to restrict access, authenticate user identity, preserve data integrity and protect the privacy of individual data. When implementing appropriate safeguards, policies and procedures, private data can be securely stored and accessed in third-party cloud servers by a network of users.

Best practices for monitoring access to sensitive data in the cloud

If compared to on premise data centres, cloud-based infrastructures are actually not that easy to monitor and manage. For providing high-quality data protection in the cloud, there is a number of measures which must be undertaken

1. Provide end-to-end visibility

The lack of visibility across the infrastructure is one of the little disadvantages of the cloud-based solutions. Consequently, there is a need of ensuring end-to-end visibility into the infrastructure, data, and applications. The implementation of an efficient identity and access management system can help limiting the access to critical data. It also makes it clear to understand who exactly accesses and works with your business’s critical data. A high-level granularity of access management allows granting elevated privileges only to users that actually need it.

2. Implement Privileged Access Management to Secure access to valuable information

Privileged Account Management (PAM) systems are designed to control access to highly critical systems. PAM security and governance tools support companies in complying with legal and regulatory compliance. Their capabilities allow privileged users to have efficient and secure access to the systems they manage. Besides it offers secure and streamlined way to authorize and monitor all privileged users for all relevant systems.


3. Monitor implementation and audit access to sensitive data

It is necessary to conduct periodic audits to identify security vulnerabilities and monitor compliance. Continuous monitoring and auditing of the cloud infrastructure allows detecting possible attacks and data breaches at an early stage. PAM capabilities will also help you to successfully monitor sensitive data and manage access to it.

4. Use RBAC to Control what users have access to.

Role-based access control (RBAC) is a method of restricting network access based on the roles of individual users within an enterprise. RBAC lets employees have access rights only to the information they need to do their jobs and prevents them from accessing information that doesn’t pertain to them. An employee’s role in an organization determines the permissions that individual is granted and ensures that lower-level employees can’t access sensitive information or perform high-level tasks.

5. Use SIEM Technology

SIEM technology supports threat detection and security incident response through the real-time event collection and historical analysis of security events, from a wide variety of event and contextual data sources. SIEM also helps enterprises manage the increasing volumes of logs coming from disparate online sources. Storing the logs from different sources in a central secured database make the process of consolidation and analysis easy.

SIEM supports compliance reporting and incident investigation through analysis of historical data from these sources, as well.

6. Build an efficient incident-response strategy.

It is recommended to make a plan which would help you react immediately to a possible security incident in an adequate manner. It should include several important steps such as determining authority to call an incident, establishing clearly defined team roles and responsibilities, establishing communications procedures and responsibilities, increasing end user awareness and deploying the Right Tools.

All the above mentioned points, concerning implementing appropriate safeguards, policies and procedures, are a good prerequisite for keeping private data securely stored and a protected.

How Cloud Access Control Enhances Security in Financial Sector

When talking about cloud computing, we usually relate it to the use of online software tools or mobile apps for interacting with Internet resources. It is no longer necessary to keep a physical server or local storage source on site, because when the client has access to the internet, the software for running a particular program can be accessed.

The popularity of cloud access control is growing and now a lot of businesses are planning or already use cloud access control systems, also known as managed access control. That gives the great opportunity for employees to store and retrieve files on remote servers via the internet and at the same time provides compatibility, convenience, flexibility and higher security.

For strengthening security in the corporate information systems of companies from financial sector, PATECCO developed effective cloud access control tools. Delivering greater flexibility whilst maintaining the levels of security essential to their business, is only one of the numerous advantages provided by PATECCO. Highly scalable, access control allows banking to react to meet increasing demands and is simple to administer. Given the flexibility of the cloud, it could help with data mining and provide richer data analytics insights.

Cloud access control provides secure deployment options that can help banks develop new customer experiences, enable effective collaboration and improve speed to market – all while increasing IT efficiency. As a technology, PATECCO cloud systems can help banks and financial institutions transform themselves into a digital business, enhance their enterprise security and compliance, and introduce automation for improved efficiency. Cloud computing helps banks reduce fixed IT costs, as well. The expenses can be shift from capital to operational costs. With cloud applications, there is no longer necessary to build hardware, it just pays for what it needs when it needs it.

PATECCO Cloud Access tools allows banks to provide a more consistent, digital experience across all customer-facing channels. It fundamentally changes the way in which customers interact with data and their banking providers. By extending cloud services to clients, banks can empower clients to update data and documentation to support ongoing maintenance of an accurate client risk profile for lifecycle compliance. This not only delivers greater efficiency for the bank and more convenience for the customer, but also builds up a deeper, closer relationship between them through enhanced digital communications.

By using cloud computing, banks can create a flexible and agile banking environment that can quickly respond to new business needs. A lot of examples prove that banks, trusting cloud systems, are better in responding to economic uncertainties, interconnected global financial systems and demanding customers. PATECCO even makes it easier for the employees to access risk and analytics reports while they are on the move. They see the benefits of accessing the internet on their smart phones and tablets, instantly even in remote locations.

How Much Identity and Access Management is Important for Keeping a Strong Data Security?

When we talk about identity, we should consider that it is a key factor in the context that defines today’s access policies. The trend of people working from hotel rooms, trains, cafés and homes increases day by day and IAM has become the primary element for ensuring that only authorised people from authorised locations access authorised resources.

Most security professionals know that there is no simple solution for protecting companies. It refers to a coordinated defence involving people, processes and tools that span anti-malware, application, server, and network access control, intrusion detection and prevention, security event monitoring, and more. But what about identity and access management (IAM) – our particular focus at PATECCO?

Actually IAM provides information about how employees and customers have accessed applications – who logged in when and what data they accessed. Corporations can use this information for security and forensics purposes and for understanding typical patterns of interaction, as well. For example: How employees work and how customers buy products and conduct transactions on the company’s website and mobile apps.

In our practice we always use the right IAM preventive and detective controls that help our customers to prevent, detect or mitigate the attack. It all starts with getting visibility and control over user access privileges for highly sensitive data or applications. This means putting in place IAM tools to ensure the right access controls are in place and that user access privileges conform to policy. We also ensure that a centralised directory is put in place. Those with admin access must be able to access this instantly, to view and modify access rights as and when needed. The other step is the creation of unique user accounts, so that every staff member has their unique ID and password. In this way, specific users can be traced via their credentials.

Automated workflows are also useful as they enable access request and approval to be managed with the option of several different levels of reviews and approval. Our IAM Professionals enforce a strong password policy which helps for preventing unauthorised access of this data.

Enforce the principle of least privilege is of a great importance because nobody should have access to any data other than data that is strictly needed for them to do their jobs. Furthermore, privileged users should have additional security controls placed on them. For example, multi-factor authentication can be useful.

The overall IAM process refers to co-operation between processes, people and technology. Implementing the right IAM controls can help you mitigate risks and more effectively protect critical resources and customers’ data. IAM systems prevent hackers from escalating privileges and gaining access to sensitive applications and data once they have compromised an employee’s credentials. IAM also helps to satisfy compliance mandates around separation of duties, enforcing and auditing access policies to sensitive accounts and data, and making sure users do not have excessive privileges. It also ensures maintenance of strong vigilance and prevention of threats that can be identified.

PATECCO Prosperously Rings Out 2018

The end of 2018 is getting closer and this is the perfect period to make an assessment of what we have achieved. For the last 12 months PATECCO reports great professional results due to the excellent collaboration between both teams in Germany and Bulgaria. They make PATECCO a recognised and respected leader in IAM industry providing value-added services to its clients’ requirements. That’s a good prerequisite for the thriving future of the company and its progress.

PATECCO’s partnership with Microsoft and IBM contributed for the success in a number of international consulting projects in the fields of pharma, energy, and insurance and education. The portfolio of the IAM company also extended to delivering comprehensive solutions such as Managed Services, Cloud Access Control, Privileged Account Management, Access Governance, Role Based Access Control, Security Information and Event Management, Public Key Infrastructure and Password Management.

PATECCO’s year-end performance review:

  • Hiring new employees due to the growing number of projects
  • Signing contract with new clients
  • Developing MIM Query Service, integrated with CA API Management tool with a goal to accelerate the changes in the digital transformation
  • Taking part as a Golden Sponsor in one of the biggest Kuppingercole conferences: European Identity Conference 2018 in Munich
  • Participating in Cyber Access Summit in Berlin
  • Ensuring its customers global capability (management and monitoring for clients of all sizes and industries around the world), security, compliance, flexibility, industry expertise, trust, productivity and engagement;

In 2019 PATECCO’s goals are to ride the waves of technology innovations in the era of digital transformation, to maintain profitability and to deliver great customer service.

Cloud Access Control Brings Different Approach to Security in Banking Sector

Cloud computing today is delivered and used in every vertical in the market across sectors. One of the key considerations for the banks continues to be physical security and access control. It’s a great challenge, especially when the organisation has numerous branches and facilities spread across different countries. To drive progress and innovation in banking, and to leapfrog the competition, it is critically necessary to make a transformation of the business models. Such kind of models require new ways to maximize profitability and returns, to increase agility, and to seize new market opportunities.

Security is a critical component in each organisation, especially in the financial services sector. There are strict regulatory requirements around data residency and data access. To overcome these challenges, a lot of banks are adopting cloud access security systems, aligned with the customers’ needs.

Benefits of Cloud Computing in Banking and Finance

Cost savings, better efficiency, the ability to access data and applications on the move are all important consideration factors that can drive financial services firms to adopt cloud computing.

1. Flexibility is the key

PATECCO cloud access control tools offer banks and the financial sector greater flexibility whilst maintaining the levels of security essential to their business. Highly scalable, access control allows banking to react to meet increasing demands and is simple to administer. Given the flexibility of the cloud, it could help with data mining and provide richer data analytics insights.

2. Strengthening security and compliance

Cloud access control provides secure deployment options that can help banks develop new customer experiences, enable effective collaboration and improve speed to market – all while increasing IT efficiency. As a technology, cloud can help banks and financial institutions transform themselves into a digital business, enhance their enterprise security and compliance, and introduce automation for improved efficiency.

3. Cost-effective

Cloud computing can help banks reduce fixed IT costs. The expenses can be shift from capital to operational costs. With cloud applications, there is no longer necessary to build hardware, it just pays for what it needs when it needs it.

4. Improved customer relationships

Cloud computing allows banks to provide a more consistent, digital experience across all customer-facing channels. It fundamentally changes the way in which customers interact with data and their banking providers. By extending cloud services to clients, banks can empower clients to update data and documentation to support ongoing maintenance of an accurate client risk profile for lifecycle compliance. This not only delivers greater efficiency for the bank and more convenience for the customer, but also builds up a deeper, closer relationship between them through enhanced digital communications.

5. Mobility

It’s now easier for the employees to access risk and analytics reports while they are on the move. They see the benefits of accessing the internet on their smart phones and tablets, instantly even in remote locations. And since a cloud facilitates users to access systems and infrastructure using a web browser, regardless of location and time, advancement of such interfaces has started taking shape.

In the dynamic economic times, banking and finance sector is under even greater scrutiny than ever. By using cloud computing, banks can create a flexible and agile banking environment that can quickly respond to new business needs. A lot of examples prove that banks, trusting cloud systems, are better in responding to economic uncertainties, interconnected global financial systems and demanding customers.  

For more information about PATECCO best practices in IAM, check out here:

PATECCO Is a Branding Sponsor at E-Crime and Cybersecurity Congress in Frankfurt

The German Managed Services company PATECCO will take part as a branding sponsor in the 12th e-Crime & Cybersecurity Congress. The event will take place on 23rd January 2019, at Steigenberger Frankfurter Hof, Frankfurt. The E-Crime congress is organised to meet the needs of professionals from the private sector and government enterprise IT departments. It delivers critical information on hot topics such as information security, cybersecurity, cyber risk management, secure technical implementation and legal data protection in Germany.

The event delivers critical and unique insights that can help drive the direction of technology and security strategy at some of Germany’s largest corporations and public sector bodies. The e-Crime & Cybersecurity Congress features expert speakers from industry and the market’s leading service suppliers to deliver critical and unique insights on technology and security strategy, practical advices that can help assess exposure to, articulate and proactively mitigate the impacts of emerging risks.

The congress is a good opportunity for PATECCO to stay up-to-date with the latest developments in emerging security technologies. That helps it to develop innovative solutions addressing business priorities and operational objectives in order to reduce risk, protect data, ensure compliance and strengthen security posture.

germany

Photo credit: AKJ associates

The IAM company is planning to share its best practices how security frameworks and methodologies are being applied for the creation of new business opportunities, for increasing productivity, decreasing costs and enabling agility. Its team of experts is ready to speak directly with people who are managing similar projects or who are interested in that matter.

The cybersecurity event is focusing on these and other key subjects for its audience of professionals tasked with safeguarding digital assets and sensitive data. There will be a number strategic talks and technical break-out sessions from security teams behind some of the world’s most admired brands that security is now more important to business than ever.

PATECCO Innovative IAM Technologies Enhance Digital Transformation

Digital platforms are thoroughly transforming industries, such as finance, insurance, or healthcare and pharmaceutical. The large volumes of data generated through equipment and machines provide significant opportunities to develop new business models, improve products and services, as well as bring about considerable economic and social benefits. Innovative kinds of objects, mobile phones, PCs, vehicles, files, applications or processes still lack a unique traceable and manageable system of digital identities. Therefore the need for IAM solutions that can function securely, while fulfilling the challenges and opportunities of the digital age, is constantly growing.

To enhance the digital transformation, PATECCO develops new generation security technologies related to cloud access control, user behaviour analytics, multifactor authentication, and mobile threat defence to help firms establish security architectures. They all are fit for purpose for the mobile and cloud era in computing and a new age in data compliance under GDPR.

To protect the enterprises’ data, the IAM company implements Identity and Access Management (IAM) system to make sure the right users have access to the right resources, at the right time, and for the right reasons. This not only applies to company data, but also to business partners and employee details. The right IAM and API Management tools provide the companies with all the flexibility they need to control and protect the data while their processes run smoothly.

PATECCO prepares the enterprises to be technology-ready and to protect digital transformation in various scenario by providing secure access with modern, mobile multi-factor authentication. In the digital ecosystem, it’s critical to protect the sensitive corporative data and to prevent the risk of a breach.

Identity and Access Management solutions represent technologies that use access control engines to enable centralized access using methods, providing secure and productive environment. They not only foster trusted interactions among organizations in the digital ecosystem, but they also enable interoperability between the various technologies. Adding multi-factor authentication to digital workspaces is a good approach for organizations to transform secure access to help manage that risk.

The Managed Services company improves scalability by implementing cloud access control, as well. The tool is foundational enabler of digital transformation projects and offers the scale and speed that is needed for businesses to focus on transformation. Cloud systems provide business with the ability to quickly and efficiently transform their process, embrace the digital transformation and use its benefits.

If you’re like most organizations whose Identity and Access Management program is not efficient enough, you may need help maturing supporting processes. If you undertake digital transformation objectives, or face rapid growth or enterprise changes, we are here to support you in building a strong foundation to keep your business protected.

The Role of Identity and Access Management in the Digital Era

The transformation of the digital business world is connected to many challenges concerning moving forward to new technologies and shifting the focus to agile and flexible environments. As the number of digital identities rises, the need to protect and manage how personal information is collected, used and distributed, is higher than ever. When digital identities are not secured or distributed properly, the exposure of information is guaranteed. Companies must also make sure that existing applications and these new digital services are consistently managed in terms of security, reliability, and scalability.

The cloud, Internet of Things and digitalization are driving the evolution of IAM.

Nowadays security technologies such as cloud access control, user behaviour analytics, multifactor authentication, and mobile threat defence for example are on the rise. These modern security technologies will help firms establish security architectures which are fit for purpose for the mobile and cloud era in computing and a new age in data compliance under GDPR.

The Internet of Things has a great role in digital transformation by enhancing customer’s buying experiences and allowing businesses to be more connected. Customers constantly seek a personalized, satisfying experience when it comes to the businesses they interact with. They are always looking to connect to vendors however and wherever they want. Moreover, with the explosion of connected devices forming the Internet of Things, millions of devices need digital identities to manage what information they send and to whom. Companies must be aware how to manage all the external identities that get in touch with them? How to give users access to the resources they need to drive their success? In what ways they make sure all interactions are secure, authorized and compliant? Do they even know when an employee of a partner organization no longer works at that organization, or do they take access with them to their new employer?

To protect their data, the enterprises need Identity and Access Management (IAM) to make sure the right users have access to the right resources, at the right time, and for the right reasons. This not only applies to their company data, but also to business partners and employee details. In many cases, data privacy, agreements, and compliance regulations demand that this data is secured. APIs also need to be managed from a security perspective, and a determination needs to be made on which systems and users can be trusted to access an API, and which systems APIs can interact with. The right IAM and API Management tools provide the companies with all the flexibility they need to control this, and protect the data while their processes run smoothly.

To be technology-ready and to protect digital transformation in various scenario, the companies should focus on several key actions:

  • To provide secure access with modern, mobile multi-factor authentication.

In the digital ecosystem, it’s critical to protect the sensitive corporative data and to prevent the risk of a breach. Identity and Access Management solutions represent technologies that use access control engines to enable centralized access using methods, providing secure and productive environment. Adding multi-factor authentication to digital workspaces is a good approach for organizations to transform secure access to help manage that risk.

  • To enable interactions and interoperability in the Digital Ecosystem

Innovative identity solutions not only foster trusted interactions among organizations in the digital ecosystem, but they also enable interoperability between the various technologies.

  •  improve scalability

The cloud is foundational enabler of digital transformation projects and offers the scale and speed that is needed for businesses to focus on transformation. The cloud will provide business with the ability to quickly and efficiently transform their process, embrace the digital transformation and use its benefits.

If you are willing to learn more about IAM best practices,  download PATECCO latest E-Guide here: