Why Enterprise Digital Rights Management in Data-Centric Security is gaining traction?
As innovative digital products are increasing exponentially, more and more organizations are moving towards digital transformation. This has led to the expansion of the data footprint across environments.
Such a tremendous amount of data coupled with ubiquitous internet has created new security challenges as the threat landscape has also increased.
Sensitive business data which are stored either on local machines, or enterprise databases, and on cloud servers, are more easily prone to attacks as the methods adopted by the hackers have become more sophisticated.
When large enterprises lose data or accidentally expose data it can have devastating effects on the enterprise’s reputation and also lead to huge financial loss.
Limited visibility, sophisticated cyberattacks, regulations, and a growing skills shortage are the challenges that organizations face.
This has created the need for the adoption of efficient Enterprise Digital Rights Management (EDRM) solutions. The rise in Internet penetration and connected devices has led to rapid growth in enterprise data.
To store, access, and manage data sensitivity, enterprises are becoming more dependent upon enterprise digital rights management solutions.
The EDRM technology enables regulation of the usage, variation, and distribution of copyrighted works so that only the authorized users can access the data.
The global EDRM solutions market is expected to reach USD 6324.1 million by 2026 from USD 3215.4 million in 2020 with a CAGR of 12.18%.
The Persistence Market Research study forecasts that SMEs will account for nearly half the revenue share of the EDRM market by 2029, and the global market is expected to grow more than 2x larger.
Protecting sensitive data with EDRM
Data is the most critical asset of every enterprise and protecting and using it securely is the core for a Zero Trust security.
As it is becoming increasingly difficult to predict who is accessing the system and what they are doing with the data, a new data-centric approach, is emerging.
In this data-centric approach the focus shifts from network-based security protection towards sensitive data protection wherever the data resides or travels. One way to control data usage within and outside a network is through the Digital Rights Management system.
EDRM allows organizations a seamless, secured way of information exchange. The traditional methods of securing data are also challenged by the cloud-based infrastructure which has compelled key stakeholders in EDRM to innovate their offerings and adopt new technologies.
EDRM provides the following benefits:
- Provides granular access control to the sensitive data so that only authorized users can use it
- Real-time visibility of file usage helps in quick intervention in case of a data breach
- It applies various content controls such as copy restrictions, watermark, data limit, etc
- Apply rights protection automatically to selected files
- Centralized monitoring and reporting
- Meet compliance requirements
- Centralized security policies to protect documents and files across all applications and systems
- Ensures efficiency, integrity, and safe working practices
- Global collaboration
- Protects income streams
Microsoft Enterprise Digital Rights Management and SECUDE
Microsoft Information Protection (MIP) is the most widely popular EDRM solution available in the market today. This version currently supports the current on-premises version (AD RMS) and the cloud-based version (Azure RMS).
MIP helps to discover, classify, and protect sensitive information wherever it lives or travels. Being a strategic-partner of Microsoft and SAP, SECUDE is the only solution provider with the capabilities to extend Azure Information Protection to SAP, PLM, and CAD environments.
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