Investing in idax not only reduces insider threat but also delivers tangible cost savings. Below we show you three key ways idax is designed to save your organisation money:
1. Minimise the impact of costly ransomware attacks:
- Ransomware attacks continue to strike organisations worldwide, resulting in data breaches, time consuming operational disruptions, hefty fines, and financial losses. The average cost of a data breach alone reached a high of $4.45 million in 2023, putting organisations under increasing pressure to fortify their cybersecurity defences.
- Given 1 in 3 data breaches, and 82% of ransomware attacks involve insiders, it’s essential to confront insider threat. With idax, you can minimise insider driven attacks by identifying staff with access they shouldn’t have. Our cutting-edge identity analytics enforces the principle of least privilege, and effectively limits what ransomware perpetrators can steal when they get their hands on company credentials.
2. Avoid expensive and disruptive audit points:
- Audits can be both time-consuming and expensive. The best way to resolve an audit point is to not get one in the first place. According to our clients the average cost of a single audit point is $100,000, equivalent to half a man year of effort.
- Idax allows you to navigate compliance audits, demonstrate best practice, and avoid costly additional work by evidencing control effectiveness and regulatory compliance.
3. Reduce the cost of access control processes:
- Access management processes are not only labour-intensive if manual and costly when automated, but also prone to error, leading to inefficiencies and increased operational costs. The average cost of an access transaction is $18 and nearly one in five of all access rights removed are re-requested within six weeks.
- Idax helps you streamline access management processes, reduce the number of transactions, and significantly reduce your operational cost. Our advanced identity analytics platform identifies redundant access rights and optimises access provisioning – enabling you to achieve greater operational efficiency and cost savings.
Put idax to the test.
To take these principles to the next level, try idax Software on your data and uncover staff with access they shouldn’t have. For more information or to discuss how our AI-powered solutions can benefit your business, contact us today.
