Which strategy is commonly used in identity management to reduce risks?

The strategy of Privileged User Management is commonly utilized in identity management to effectively mitigate risks associated with sensitive information and systems. This approach focuses on identifying, controlling, and monitoring accounts that have elevated access rights. Privileged users, such as system administrators or IT personnel, typically have access to critical systems and sensitive data that, if mismanaged, could lead to security breaches or data leaks.

By implementing robust Privileged User Management, organizations can enforce stricter policies around user access, including the principle of least privilege, which ensures that individuals have only the access necessary to perform their job functions. This helps reduce the attack surface for potential exploits and secures high-value assets within the organization.

In contrast, the other strategies mentioned do not effectively reduce risks. Decentralized access controls can introduce inconsistencies and vulnerabilities due to the lack of centralized oversight, weak password policies increase the likelihood of unauthorized access, and open access permissions can lead to data exposure and potential breaches. Therefore, focusing on management of privileged users is a critical and effective approach to enhancing security in identity management.