A fine-grained dynamic authorization solution gives you the ultimate in flexibility and customization. You can enable centralized authorization policies that evaluate identity attributes, entitlements, consents and additional contextual information to authorize critical actions and the retrieval of high-value data.
Companies across industries are using dynamic authorization to determine which data is exposed, to whom it’s exposed and how. You can rely on dynamic authorization to make better, more secure access decisions for your customers, employees and partners, as well as give your customers control and insight into how their data is being accessed. Here are just a few examples of dynamic authorization use cases.
Healthcare workers often share computer systems as they go from room-to-room treating patients and enter information at the nurses’ station. With a dynamic authorization solution, you can restrict sensitive data on these shared systems so it isn’t accessible to those who shouldn’t have access to it.
Telehealth became critical during the pandemic and will continue to grow in popularity. Dynamic authorization lets you restrict provider access to only the patient data and PHI needed for a particular appointment.
There are often many internal and third parties who need access to certain portions of intellectual property, but don’t need access to everything. Dynamic authorization lets you govern what they can see using fine-grained controls vs. only role-based ones. For instance, you may have several contractors working on multiple projects. Though they share the “contractor” title, their access needs are different. Dynamic authorization lets you ensure they have access to everything they need, but nothing they don’t.
Dynamic authorization policies give you the ability to restrict access based on how a user is currently using the systems. For example, let’s say Jim Baker is both a faculty member and a student. You could create a policy that lets Jim access the grades and personal data of students in his classes, while restricting him from accessing that data for his classmates, even if he’s signed in as a faculty member.
As banks deliver services across the web and mobile, transactions must be dynamically assessed to prevent fraud, and dynamic authorization provides these capabilities. Depending on the activity and risk involved, dynamic authorization can assess whether a transaction should be permitted, denied or elevated to require multi-factor authentication. For example, you may not require customer MFA to check a bank balance, but you would require it to set up a new bill payment. You might also use dynamic authorization to restrict a loan officer to accessing only the customer information required to evaluate and approve a loan application, but nothing else about that customer.
Many financial services organizations are opening their APIs and customer data to third parties either because of regulations like Open Banking or to enable new business initiatives. But customer consent must be given before that data is shared. Dynamic authorization lets you give customers granular control over their data so you can meet the internal compliance or regulatory requirements, or even exceed them to deepen customer trust and create competitive advantage.
Across industries, dynamic authorization addresses the needs of several key stakeholders. From CROs to customers, dynamic authorization provides distinct advantages.
Chief Risk Officer
- Enable risk, and fraud teams to move faster by controlling the access that all digital application teams and channels have to customer data.
- Base logic on consent, attributes or any other data at your disposal, and update it in seconds with an easy-to-use drag-and-drop UI.
- Use all of the risk sensors needed to safeguard your transactions, whether those risk sensors sit in internal systems or on cloud-based services.
- Centrally control access to critical data and actions across your enterprise.
- Delegate control to the business or others where appropriate; logic can be updated in seconds without requiring app teams to change code.
- Free the business from dependency on software release cycles.
- Increase agility to quickly launch applications, react to market changes and embark on new business initiatives, without sacrificing regulatory compliance or security.
- Free yourself from dependency on IT’s software update cycles.
- Make the changes needed to continually deliver exceptional customer experience while maintaining security and compliance.
- Deliver the type of convenient and frictionless customer experiences they expect.
- Provide them with full control of their data and preferences, including setting transaction limits, defining timeframes for consents to remain valid, managing permissions for third-party access and more.