IBM has acquired CrossIdeas to deliver next generation identity and access management capabilities which will help in mitigating access risks and segregation of duty violations.
Based in Rome, Italy, CrossIdeas helps organizations seamlessly manage identities and application access by bridging the gap between compliance, business, and IT infrastructure to help reduce the risk of fraud, conflicts of duties, and human error in business processes.
The acquisition of CrossIdeas extends IBM’s leadership in delivering innovation, services and software for securing enterprises. IBM has now made more than a dozen acquisitions in security over the past decade and invested extensively in dedicated research and development in the security space.
This blend of organic innovation and acquired technologies is helping IBM customers defend against advanced threats and manage risk in an era of unprecedented technology change.
“The addition of CrossIdeas extends IBM’s market share leading portfolio of identity and access management capabilities,” said Brendan Hannigan, General Manager, IBM Security Systems. “IBM can now provide enterprises with enhanced governance capabilities and transparency into risk from the factory floor to the board room, giving leaders the insight they need to protect their brand and customers.”
The combined business-driven approach provides integrated governance and full lifecycle management of a user’s time with an organization. For example, a stock trader working in a financial institution may be promoted and given access to approve trades in a new system while retaining access to enter trades in the previous system.
This dual access may constitute a segregation of duties violation, which could expose the institution to failing a compliance requirement. With CrossIdeas’ technology, auditors and managers could detect and remediate the segregation of duties violation before it becomes a security risk and audit exposure.
“CrossIdeas is very excited to become part of IBM through this acquisition,” said Alberto Ocello, Chief Executive Officer at CrossIdeas. “The innovative technology of CrossIdeas’ IDEAS solution strongly complements IBM’s Identity and Access Management portfolio and we are proud to contribute to IBM’s worldwide expansion in the IT security market.”
Integrating CrossIdeas’ innovative business-driven governance capabilities with IBM’s Security portfolio will be expedited by the two companies’ existing relationship. By its participation in the Ready for IBM Security Intelligence program, CrossIdeas already allows IBM customers to deploy integrated access governance and user lifecycle management technologies leveraging IBM’s Security Identity Management (ISIM) portfolio. This integration will help ISIM customers rapidly introduce access governance capabilities with minimal changes to their existing environment.
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