{"id":4502,"date":"2019-07-18T16:31:01","date_gmt":"2019-07-18T20:31:01","guid":{"rendered":"https:\/\/solutionsreview.com\/identity-management\/?p=4502"},"modified":"2019-07-18T16:31:01","modified_gmt":"2019-07-18T20:31:01","slug":"by-the-numbers-why-you-need-to-improve-your-privileged-access-management","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/identity-management\/by-the-numbers-why-you-need-to-improve-your-privileged-access-management\/","title":{"rendered":"By the Numbers: Why You Need To Improve Your Privileged Access Management"},"content":{"rendered":"<p style=\"text-align: justify\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4381\" src=\"https:\/\/solutionsreview.com\/identity-management\/files\/2019\/05\/Multifactor-authentication-mod.jpg\" alt=\"By the Numbers: Why You Need To Improve Your Privileged Access Management\" width=\"801\" height=\"413\" srcset=\"https:\/\/solutionsreview.com\/identity-management\/files\/2019\/05\/Multifactor-authentication-mod.jpg 801w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/05\/Multifactor-authentication-mod-300x155.jpg 300w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/05\/Multifactor-authentication-mod-768x396.jpg 768w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/05\/Multifactor-authentication-mod-800x412.jpg 800w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/05\/Multifactor-authentication-mod-524x270.jpg 524w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/05\/Multifactor-authentication-mod-157x81.jpg 157w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/05\/Multifactor-authentication-mod-349x180.jpg 349w\" sizes=\"(max-width: 801px) 100vw, 801px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In modern cybersecurity, failing to enact strong, next-generation <a href=\"https:\/\/solutionsreview.com\/identity-management\/get-a-free-privilieged-access-management-solutions-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">privileged access management (PAM)<\/a> leaves your enterprise profoundly vulnerable. Instead of waiting for a breach, you need to take the first steps to improve your privileged access management.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Why do you need to improve your privileged access management? What steps can you take to improve your overall identity management? To answer these questions and more, we dive into the numbers.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"iam-inject\" href=\"https:\/\/solutionsreview.com\/identity-management\/get-a-free-privilieged-access-management-solutions-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" title=\"\" src=\"https:\/\/solutionsreview.com\/identity-management\/files\/2020\/01\/PAM_BG_SB_800.gif\" alt=\"Download Link to Privileged Access Management Buyer's Guide\" width=\"800\" height=\"100\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/p>\n<h2 style=\"text-align: justify\"><b>Why Improve Your Privileged Access Management? <\/b><span style=\"font-weight: 400\">\u00a0<\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Hackers target privileged credentials more than any other attack vector. After all, privileged credentials open doors normally closed to them, like access to sensitive databases or to direct finances. Moreover, because of a common lack of security controls, these credentials tend to have less monitoring on them.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Therefore, you need to take steps to improve your privileged access management by both identifying it and deploying capabilities. Illustrating this, PAM solution provider <\/span><a href=\"https:\/\/solutionsreview.com\/identity-management\/74-of-enterprise-breaches-involved-access-to-a-privileged-account\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Centrify<\/span><\/a><span style=\"font-weight: 400\"> found:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">74% of enterprises suffered a breach resulting from a stolen or compromised privileged account.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">26% of U.S. enterprises have trouble defining privileged access.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">52% of enterprises don\u2019t have a password vault.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">65% admit to sharing root or privileged access.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">21% still have not implemented multifactor authentication on their superuser accounts.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">63% said it takes their enterprise more than a day to remove the privileged access from an account in the event an employee leaves the company.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">45% say they don\u2019t use privileged access to secure their public and private cloud workloads.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">72% don\u2019t use privileged access to secure containers.\u00a0\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify\"><b>To Improve Your Privileged Access Management, Don\u2019t Get Arrogant<\/b><\/h3>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Two truths remain consistent in cybersecurity and identity management. First, attacks and defenses are mutually mutable. Second, enterprises tend to neglect their cybersecurity until the worst happens.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Indeed, for <a href=\"https:\/\/solutionsreview.com\/identity-management\/get-a-free-privilieged-access-management-solutions-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">privileged access management<\/a>, enterprises often reveal overconfidence in their ability to protect their most powerful credentials. According to a study <\/span><a href=\"https:\/\/solutionsreview.com\/identity-management\/enterprise-overconfidence-in-privileged-access-management\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Centrify and TechVangelism<\/span><\/a><span style=\"font-weight: 400\">:\u00a0<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">52% of surveyed enterprises don\u2019t use a password vault, a basic privileged identity capability.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">43% described their PAM platform as \u201cnonexistent.\u201d<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">52% of enterprises don\u2019t use multifactor authentication.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">79% of enterprises don\u2019t have a mature PAM platform.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">93% express the belief they can handle threats to their privileged access, revealing the overconfidence.\u00a0<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">To improve your privileged access management, you can\u2019t give into arrogance. Instead, work with your IT security team to evaluate the true state of your privileged access management.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Make sure you can answer these questions:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Do you have the latest identity management and privileged identity capabilities deployed?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Does your enterprise effectively govern those identities i.e. limiting their permissions to prevent access creep?<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Can you identify all of the privileged accounts on your network (which we will mention later in this article)?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Can your current IAM or PAM solution keep up with your demands?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">If not, what steps can you take to find an effective solution that fits with your distinct use-case?\u00a0<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify\"><b>Take Time to Find All the Privileged Accounts<\/b><\/h3>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In other words, you need to know all of the privileged credentials currently operating on your network. Additionally, you need to limit those credentials\u2019 permissions. No one account should have unlimited power; even in the right hands, that could prove a recipe for disaster.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">For example, your HR head should have access to your finances. That\u2019s too much simultaneous power even for an executive of their level.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Studying proper privileged provisioning and discovery, privileged access provider <\/span><a href=\"https:\/\/solutionsreview.com\/identity-management\/thycotic-releases-2018-global-state-privileged-access-management-pam-risk-compliance\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Thycotic<\/span><\/a><span style=\"font-weight: 400\"> found:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">62% of enterprises fail to provision for privileged access accounts.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">51% fail to enact secure logins for privileged access accounts.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">73% don\u2019t remove default or test accounts on their applications before they go into production.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">70% of enterprises fail to discover all of the privileged access accounts in their networks<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">40% never look for all their privileged accounts.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">55% fail to revoke permissions after a privileged employee is removed.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">63% don\u2019t have security alerts in place for failed privileged access account login attempts.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify\"><b>What Does This All Mean For Your Enterprise?\u00a0<\/b><\/h3>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Obviously, you should enforce strong authentication on all of your digital identities. Even regular credentials can create serious compromises, as evidenced by the myriad breaches starting with unauthorized access.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">However, privileged identities need that extra layer of protection above all.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">To get started on improving your <a href=\"https:\/\/solutionsreview.com\/identity-management\/get-a-free-privilieged-access-management-solutions-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">privileged access management<\/a>, first consider your environment. Do you have a cloud-based environment? Operate on-premises? Or do you have a hybrid infrastructure?\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">No matter the answer, you must ensure your identity management solution can effectively accommodate and facilitate your distinct environment. Trying to make an on-premises solution stretch to accommodate the cloud often proves a critical ingredient in a breach.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Next, deploy multifactor authentication. In many of our articles, we speak about the importance of moving away from single-factor authentication. There are concrete, provable reasons for this. No identity security expert anywhere believes passwords alone can stop hackers. In fact, the list of grievances against passwords goes on and on.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Instead, your enterprise needs to put up as many obstacles to your access requests as possible. As has often been said, hackers prefer low-hanging fruit. Generally, they won\u2019t bother with enterprises with strong cybersecurity as it takes too much time and effort. Multifactor authentication elevates your company from the category of low-hanging fruit.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In other words, taking the time to improve your privileged access management means making yourself less of a target and a harder one. Therefore, you have nothing to lose\u2014why not try now?\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><div class=\"hr hr\"><\/div><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">If you would like to learn more about PAM and how to improve it, be sure to check out our <a href=\"https:\/\/solutionsreview.com\/identity-management\/get-a-free-privilieged-access-management-solutions-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">Buyer\u2019s Guide<\/a>! We dive into the key capabilities and top vendors in the market!<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><br \/>Widget not in any sidebars<br \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In modern cybersecurity, failing to enact strong, next-generation privileged access management (PAM) leaves your enterprise profoundly vulnerable. Instead of waiting for a breach, you need to take the first steps to improve your privileged access management.\u00a0 Why do you need to improve your privileged access management? What steps can you take to improve your overall [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":4381,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5,1],"tags":[142,125,16,76,145,124,91,123,90,25],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>By the Numbers: Why Improve Your Privileged Access Management?<\/title>\n<meta name=\"description\" content=\"Why do you need to improve your privileged access management? What steps can you take to improve your overall identity management?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/identity-management\/by-the-numbers-why-you-need-to-improve-your-privileged-access-management\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ben Canner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/by-the-numbers-why-you-need-to-improve-your-privileged-access-management\/\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/by-the-numbers-why-you-need-to-improve-your-privileged-access-management\/\",\"name\":\"By the Numbers: Why Improve Your Privileged Access Management?\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/by-the-numbers-why-you-need-to-improve-your-privileged-access-management\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/by-the-numbers-why-you-need-to-improve-your-privileged-access-management\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2019\/05\/Multifactor-authentication-mod.jpg\",\"datePublished\":\"2019-07-18T20:31:01+00:00\",\"dateModified\":\"2019-07-18T20:31:01+00:00\",\"author\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#\/schema\/person\/357f925262827fcf840b4341920a1541\"},\"description\":\"Why do you need to improve your privileged access management? 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