The Netwrix IGA solution is beneficial for highly regulated industries in the following ways:
· It ensures that data access is restricted to authorized individuals.
· It supports internal controls and audit requirements to ensure compliance reporting integrity.
· It ensures proper access controls and segregation of duties to prevent fraud and errors.
· It supports compliance for NIST SP 800-53 and NIST Cybersecurity Framework (CSF) by providing a method for access control and identity management.
· It assists in meeting the requirements for an Information Security Management System (ISMS).
· It ensures that financial institutions protect customer information through proper access controls.
· It helps in managing the auditing of access to sensitive financial data.