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How to Prevent Data Theft in Your Organization? The Key Lies in Identity and Access Management

How to Prevent Data Theft in Your Organization? The Key Lies in Identity and Access Management

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CategoriesCybersecurity IAM

The growing digitalization of businesses has brought a surge in data breaches and cyberattacks, often aimed at stealing sensitive information. Beyond the financial impact, a security breach damages something even more valuable: a company’s reputation and the trust of its customers.

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To steal a company’s data, attackers must first gain access—usually by hacking the system and impersonating authorized credentials. That’s why having an identity and access management (IAM) solution in place, which controls who has access to sensitive data and how it’s used, is essential to protecting this valuable asset.

What Is Identity and Access Management (IAM) Software?

Identity and Access Management—commonly known as IAM—is a branch of cybersecurity focused on defining and controlling the digital identities within a corporate network. These identities include employees, customers, devices, systems, and even third parties such as partners and suppliers.

IAM solutions prevent data breaches by controlling who accesses digital resources and what actions they perform. In the event of unauthorized access, the IAM system detects it immediately and activates defense mechanisms to stop attackers before they reach sensitive information.

Contrary to what some may believe, IAM does not make employees’ jobs harder—it does the opposite. IAM improves data security while simplifying authorized access.

A solution like Soffid IAM eliminates the need for multiple passwords or user profiles. With Single Sign-On (SSO), access is defined based on roles, corporate policies, and regulatory requirements—improving efficiency while minimizing complexity. In fact, users often don’t even know their credentials; they only access what they need to perform their tasks.

How Credential Theft Puts Your Business at Risk

According to the latest report by INCIBE (Spain’s National Cybersecurity Institute), over 97,000 cybersecurity incidents were managed in 2024—a 16.6% increase from the previous year. Of these, 32.4% affected businesses, particularly in the transportation, finance, and IT sectors—although no industry is immune.

Unauthorized access and intrusion attempts are among the most common incidents, especially those involving identity impersonation aimed at stealing customer or corporate data.

Key IAM Capabilities That Help Prevent Data Breaches

Protecting your organization’s data doesn’t just depend on a single tool—it requires an integrated solution that combines multiple capabilities, such as:

IAM doesn’t just control access—it enables analysis of workflows and user behavior to detect anomalies, prevent misuse, and automatically respond to potential threats.

Direct Benefits of an IAM Solution for Your Business

An adaptive, convergent IAM solution allows companies to implement identity and access management quickly, affordably, and with seamless integration across multiple systems.

Not All IAM Solutions Are the Same

Some platforms cover only a portion of the identity lifecycle. Others are hard to integrate, require complex deployments, or are difficult to manage and operate.

At Soffid, we believe in a simple and convergent solution—a single platform to manage access, governance, privileged accounts, identity-related threats, and full traceability.

A solution like Soffid IAM, eliminates the need for multiple passwords or user profiles. With Single Sign-On, access is configured based on user roles, business policies, and regulatory requirements—drastically improving efficiency. In fact, users don’t even need to know their credentials; they only access what is necessary to perform their job.

By strengthening your company’s security posture and preventing data breaches—or other types of cyberattacks—you can avoid costly future remediation and, more importantly, gain the confidence and peace of mind that your customers will value.

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Soffid IAM: Solutions Tailored to Your Industry

Soffid IAM adapts to the specific needs of each sector, providing customized solutions that enhance productivity and digital security.

Discover here how our solutions can transform your industry.

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