BalkanID expands offering to a comprehensive intelligent identity security and lifecycle platform
A context-aware identity platform that automates access onboarding, certification, and off-boarding activities by prioritizing and remediating risks related to entitlement sprawl
Austin, April 24th, 2023 - BalkanID, the leader in identity and access security, today announced the next generation of their intelligent identity security and lifecycle solution that transcends beyond traditional identity access governance, for enterprise clients. BalkanID is the first company to automatically discover human and non-human identities in cloud-native, SaaS, and on-premise applications while correlating deep permission layer insights with contextual risk data to provide a 360o degree view into entitlement risk and impact. This comprehensive approach democratizes decision-making for access on-boarding, off-boarding, and everything in between.
The CISO of enChoice, Jay Adams, said, “The inherent complexity of distributed application environments has created identity and access blind spots that lead to inefficiencies, magnifies risks while making it more difficult to prioritize and remediate security threats and compliance issues. The BalkanID platform provides a comprehensive behavioral monitoring solution that addresses these concerns with an end-to-end approach for identity lifecycle security and remediation.”
The Global Identity Security Market is expected to grow to more than $26 billion by 2027, and BalkanID is well-positioned to service this need across several industry segments. This projected market growth directly corresponds to both the acceleration of “identity as the new perimeter” and the explosive growth of SaaS and cloud-first applications across corporate environments.
“The problem that inspired BalkanID stems directly from my experience as a CISO at multiple Fortune 500 companies, where the challenge of incorporating deep insights from account usage, external identity exposures, and Role Based Access Control (RBAC) violations did not help us make risk-aware decisions prior to granting, reviewing and revoking user access permissions.” said Sameer Sait, co-founder at BalkanID. “Unequivocally, Security and IT teams are overwhelmed with manual identity and access management processes that do not scale well with their business and technology risk mandates.”
BalkanID is highly differentiated from traditional approaches to identity security and remediation via its machine-learning solution that offers:
- Auto-discovery and Mapping of employees, identities, accounts, permissions and resources across public cloud, SaaS, and on-prem environments.
- Baselining and Anomaly Detection of identity behavioral changes via auto-generated policies that detect & alert on Role Based Access Control (RBAC), Segregation of Duties (SOD), privileged policy violations, and other access anomalies coupled with external threats related to account compromise.
- Preventive Security Controls include near real-time alerting and remediation workflow with recommendations for identity risk mitigations.
- Deep integrations across multiple identity data sources like IDM providers (Okta, Active Directory, JumpCloud, Onelogin, Google etc.) SaaS services (Salesforce, Netsuite, Snowflake etc.) and on-prem, custom-developed software.
Subbu Rama, co-founder and CEO at BalkanID, stated, "Our intelligent set of capabilities provide end-to-end identity security, governance, and remediation that will help our customers save time and effort on access onboarding, review, certification, and off-boarding activities while focusing on their most critical risks. This continuous visibility and critical context on identities, accounts, and their related permissions are the key to real-time remediation of entitlement sprawl findings while still ensuring user productivity.”
BalkanID has developed the industry’s first Intelligent Identity Security and Lifecycle platform purpose-built for enterprise environments. BalkanID’s patent-pending solution leverages data science to interrogate cloud, SaaS, and on-prem applications for inherent and residual permission, entitlement, account, and user-related risks. Founded by cloud and security experts that have had multiple successful exits, BalkanID enables IT and security teams to enforce the principle of least privilege while dynamically managing exceptions in a cloud-first world. For more information, visit https://www.balkan.id.