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idax Software Celebrates Successful Deployment at the Bank of England with new Entitlement Review process
[London, 23/11/2023] Idax Software, a leader in identity and access management solutions, is pleased to announce the successful deployment of its AI cutting-edge identity analytics software at the Bank of England. The integration marks a significant milestone in the collaboration, as the Bank goes live with idax Software to streamline and fortify its entitlement review processes.
How idax is helping this bank get rid of entitlement reviews
How idax is helping this bank get rid of entitlement reviews
For this global full service bank, the annual entitlement review had become a real headache. A hundred thousand staff and seven million entitlements meant that reviews were cursory at best and a tick box exercise at worst. Something had to change to make this vital process meaningful and effective. The Risk Management team wanted to move to selective reviews based on risk, but recognised that only with idax was the kind of advanced analytics that was needed possible. Working with the audit, risk and technology teams we used the idax Risk Engine to reduce reviews by an order of magnitude, reducing risk at the same time.
How movers to a new team are getting the right access from day one
How movers to a new team are getting the right access from day one
Whenever staff move department the focus is always on making sure they have access to the systems they need in their new job, rarely on removing their old access. Over time this adds access to more and more systems, increasing the risk of insider threat, data loss, and cyber attacks. An international client had worked out that every time a member of staff moved in their company access to twelve systems were added but only four taken away. By installing idax Analytics they automated their mover process safe in the knowledge that the right access was being removed and insider threat reduced.
How idax helped this gaming company keep the Gaming Commission happy
How idax helped this gaming company keep the Gaming Commission happy
Keeping up with new regulations is a major challenge for most businesses; from SOX to GDPR to PCI compliance its hard for organisations to keep up to date. This idax client decided to get ahead of the game by using idax Risk Manager as a tool to see all of its system access in one place and give their managers the tools to manage access to systems. The Gaming Commission recognised that idax was a significant factor in reducing insider threat and managing risk across the company.
