Organizations are more integrated than ever and the pace of integration is only increasing. Few sectors better represent the complexity of this intertwined integration better than finance and oil and gas. In banking, the digital bank is leading the complexity we see in network integration within this sector.
Defined as banks that use technology to improve the lives of its customers through anticipating customer adoption to new services and tools, digital banks are financial institutions with technology engrained in the organizational DNA for the purpose of identifying opportunities where technology can better to serve the customer. To achieve their goals, digital banks have to patch together more information silos and integrate with various external networks in a global and mobile web. This requires a complexity within the login that would require the customer or employee to have to sign into countless networks to access their desired data, an exercise that is daunting at best.
Within oil and gas, we have a highly connected sector between upstream, midstream and downstream companies. All these companies are further tethered to vendors and third party service providers. Complicating the situation, we are starting to see a new trend of companies which are predominately US based and that are separating their upstream operations from their downstream divisions. A good example of this split is Conoco Phillips, which recently separated from its downstream counterpart into a company called Phillips 66.
The key takeaway with these examples is the depth of complexity that organizations within these sectors have as it relates to back-end systems. This complexity is best characterized by the need to log in to each system in the back-end separately. Behind most login screens are seemingly endless networks with separate intricacies, like a colorful ball of yarn with their strings hopelessly entwined.
However, as complex as these back-end systems are, with a multiple-provider single sign-on solution, any organization can provide its users with a single point of access while still using several identity providers to manage authentication as well as retain local database authentication. The integration supports any combination of local and external authentication methods on a single instance.
The result is security and privacy despite multiple logins, while providing the right access to the right person with only one universal username and password. With Hypersocket password manager, for example, you can sign into all your web-apps either from the browser dashboard, one-click desktop client or directly by keying in the URL. Hypersocket password manager does the work in the background so you don’t have to. And for those sectors with fragmented networks, you can share accounts without sharing credentials. Hypersocket password manager lets you share access to applications which don’t support multiple users such as Twitter without having to share login credentials, enabling employees to share business accounts, voices and personas without having to share login credentials.
This Blog was brought to you by Hypersocket and its CEO, Lee David Painter. With over 20 years of industry experience as a pioneer in IT Security, Lee developed the world’s first OpenSource browser-based SSL VPN (SSL-Explorer). Today Lee runs Hypersocket, a leader in virtual private network technology.