What's Happening?
Recent research highlights the growing importance of Business-to-Business Identity and Access Management (B2B IAM) solutions for manufacturing suppliers. With 71% of identities managed by manufacturing entities belonging to non-employees, such as customers and vendors, identity security has become a critical concern. The manufacturing sector faces significant risks from stolen credentials, which are a primary vector for ransomware attacks. B2B IAM solutions offer secure third-party access, addressing the challenges of managing supplier identities and interactions without compromising security.
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Why It's Important?
The adoption of B2B IAM solutions is crucial for manufacturers to protect against cyber threats and ensure secure interactions with suppliers. As manufacturers increasingly rely on third-party access, weak identity management can expose them to attacks, potentially disrupting operations and damaging reputations. Implementing robust B2B IAM systems can enhance security, streamline supplier interactions, and improve operational efficiency. This shift is vital for maintaining competitive advantage and safeguarding sensitive data in an industry vulnerable to cyber threats.
What's Next?
Manufacturers are likely to invest more in B2B IAM solutions to mitigate cybersecurity risks and improve supplier management. This trend may lead to increased collaboration between IAM providers and manufacturing companies to develop tailored solutions that address specific industry needs. As awareness of the importance of secure identity management grows, manufacturers may prioritize cybersecurity in their strategic planning, potentially influencing industry standards and practices.
