When it comes to identity security, the stakes are high. A single data breach can result in significant financial losses, regulatory fines, and damage to a company’s reputation — prompting many companies to pursue a multi-vendor strategy with a proliferation of vendors, each offering their own unique set of features and services.
However, managing identity security across multiple vendors can lead to a fragmented ecosystem that results in inconsistent user experiences and can actually increase security risks. In this blog post, we’ll explore the pain points of vendor sprawl and use cases for vendor consolidation and how Transmit Security enables enterprises to consolidate vendors to improve security, reduce costs and complexities and improve user experiences.
Pain points of vendor sprawl
Vendor sprawl refers to the use of multiple vendors for different aspects of identity security. While this approach may seem logical at first glance, it can result in several challenges for organizations, including:
- Integration challenges: Integrating different vendors’ solutions can be complex and time-consuming, which may lead to security gaps or vulnerabilities during the integration process.
- Lack of unified visibility: Multiple CIAM solutions may not provide a unified view of user identities and access across the organization, making it difficult to detect and respond to security threats in real-time.
- Inconsistent security policies: Different solutions may have different security policies and configurations, resulting in identity silos, long deployment and tuning cycles, and inconsistent security measures and potential security gaps.
- Operational overhead: Managing multiple vendors can increase operational tasks and the time, cost and complexity needed to execute them.
- Inconsistent and fragmented UX: Inconsistent user experiences across business lines, applications and channels can confuse users and introduce friction that leads to customer churn and reduced enrollment.
Business Drivers and Use Cases for Vendor Consolidation
Consolidating identity security vendors can help address these pain points and provide several benefits for organizations, including:
- Fewer operational costs by reducing the time and money needed for licensing, maintenance, and vendor support.
- Improving user experiences with context-aware, identity-first security that is tailored to specific users and groups to reduce friction for trusted users.
- Creating consistent, cross-channel experiences that prevent confusion and coordinate user data across business lines and applications.
- Continuous policy assessment that allows organizations to maintain compliance with quickly changing regulatory policies.
- Future-proofing IAM to maintain continuity as solutions reach their end of life.
- Evolving IT models to quickly adapt to changing threats and new technologies.
- Establishing zero trust security by enabling granular control over access.
Consolidating identity vendors with Transmit Security
Identity security vendor consolidation is a key trend that CISOs and security decision-makers should consider to reduce operational costs, improve the user experience, create consistent experiences across channels, maintain compliance with regulatory policies and establish zero trust security.
Transmit Security’s security-first identity platform enables businesses to reduce complexity and streamline identity security management by providing a full suite of services for Identity Management, Detection and Response, Authentication, Identity Verification, Data Validation and Orchestration all in one place.
These modular, natively integrated services enable businesses to detect more fraud, eliminate operational overhead and improve user experiences. As a result, we’ve enabled our enterprise customers to consolidate vendors — enabling one leading US bank to save millions on operational overhead and allowing TIAA to reduce custom code, shrink the time needed to create new controls and significantly reduce management costs.
In the next blog in this series, we’ll provide a how-to guide for planning a successful vendor consolidation strategy that can meet enterprises’ specific organizational needs and adapt swiftly to changing business conditions.