Five reasons to prioritize Privileged Access Management as-a-service

Five reasons to prioritize Privileged Access Management as-a-service

Privileged access is the gateway to an organization’s most valuable assets and is at the core of nearly every major security breach. Privileged Access Management (PAM) as-a-Service is a good way for organizations to get their PAM programs up and running faster and easier than ever. If you are reading this, you’re likely familiar with Software-as-a-Service (SaaS) and the benefits that it can bring your organization. We see that organizations are moving more and more of their applications and infrastructure to the cloud for a variety of reasons including: security, cost savings and ease of management. Likewise, in cybersecurity, organizations are starting to turn more and more to Security-as-a-Service to capitalize on the benefits above and marry security with operational ease of use.

After privileged access has been identified as a priority, deciding how to deploy it is the next step. In CyberArk’s Global Advanced Threat Landscape Report: Where Security Accountability Stops and Starts in the Public Cloud, we found that the number 1 reason organizations are moving to the cloud is security.

However, the harsh reality is that no organization can ever fully secure all their applications and infrastructure, whether their data center is on-premises, in the cloud, or hybrid. There is no single solution available in the market today that will prevent every advanced cyber-attack. But prioritizing what matters most first, privileged access, and taking advantage of all the benefits a SaaS solution can provide is increasingly becoming the option of choice for organizations who are embarking on a Privileged Access Management program. Privileged Access Management (PAM) as-a-Service is becoming a popular method for deploying security solutions for a variety of reasons. In this Ebook we’ll discuss five reasons to prioritize PAM as-a-service.

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    Top 8 IAM Challenges with your SaaS Apps

    The Importance of Identity for SaaS Applications

    The enterprise cloud revolution is here. IT organizations everywhere, from small and mid-sized businesses to Fortune 500 companies, are moving from on-premises software to on-demand, cloud-based services. As enterprise IT makes this transition to a new hybrid on-demand/on-premises configuration, controlling who is granted access to which applications becomes increasingly important. This presents CIOs and their teams with a whole new set of identity management challenges. In addition, users must keep track of multiple URLs, user names, and passwords to get access to their applications. IT’s role is also fundamentally changing. As the steward of these new services, IT must provide insight and advice about Software-as-a-Service (SaaS) products to ensure the company is maximizing the business value of their investments.

    There are eight main identity and access management (IAM) challenges associated with adopting and deploying cloud and SaaS applications, as well as best practices for addressing each of them.

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      Privileged Account Management for Dummies

      Getting to know PAM

      This book gives IT professionals a practical understanding of privileged account management (PAM). It describes what privileged accounts are, where they reside throughout an IT environment, and how they function. Most importantly, this book explains the risks associated with these accounts and how to best protect them from hackers and malicious insider threats. 

      This book will help you:

      • Grasp the fundamentals of privileged account management (PAM) 
      • Develop strategies for building a PAM solution
      • Learn the top ways to protect your organization’s most critical accounts

      PAM for Dummies is sponsored by Thycotic, an IBM partner whose technology powers IBM Security Secret Server.

      Get your white paper here


        About SecurIT

        Founded in 1999, SecurIT has over 18 years of extensive experience of designing, implementing, maintaining large Identity Management/Governance infrastructures. With more than 30 specialists permanently employed in the Netherlands SecurIT offers its customers high quality consultancy, implementation, management and support services (24*7). 


        Cost of a Data Breach Report 2019

        This year’s Cost of a Data Breach Report explores several new avenues for understanding the causes and consequences of data reaches. For the first time, this year’s report details the “long tail” of a data breach, demonstrating that the costs of a data breach will be felt for years after the incident. The report also examines new organizational and security characteristics that impact the cost of a data breach, including: the complexity of security environments; operational technology (OT) environments; extensive testing of incident response plans; and the process of closely coordinating development, security, and IT operations functions (DevSecOps). Continuing to build on previous research, the 2019 report examines trends in the root causes of data breaches and the length of time to identify and contain breaches (the breach lifecycle), plus the relationship of those factors to the overall cost of a data breach. Following the 2018 report’s initial examination of “mega breaches” of greater than 1 million lost or stolen records, we continue this research with comparative data for 2019. And for the second year, we examined the cost impacts of security automation, and the state of security automation within different industries and regions.

        Lost business is the biggest contributor to data breach costs*

        The loss of customer trust has serious financial consequences, and lost business is the largest of four major cost categories contributing to the total cost of a data breach. The average cost of lost business for organizations in the 2019 study was $1.42 million, which represents 36 percent of the total average cost of $3.92 million.** The study found that breaches caused abnormal customer turnover of 3.9 percent in 2019. Whereas organizations that lost less than one percent of their customers due to a data breach experienced an average total cost of $2.8 million, organizations with customer turnover of 4 percent or more averaged a total cost of $5.7 million – 45 percent greater than the average total cost of a data breach.

        Data breach costs impact organization for years

        About one-third of data breach costs occured more than one year after a data breach incident in the 86 companies we were able to study over multiple years. While an average of 67 percent of breach costs come in the first year, 22 percent accrue in the second year after a breach, and 11 percent of costs occur more than two years after a breach. The long-tail costs of a breach were higher in the second and third years for organizations in highly regulated environments, such as the healthcare and finance industries. Organizations in a high data protection regulatory environment saw 53 percent of breach costs in the first year, 32 percent in the second year and 16 percent more than two years after a breach.

        * The research in the Cost of a Data Breach Report is based on a non-scientific sample of 507 companies. The key findings are based on IBM and Ponemon analysis of the data and do not necessarily apply to organizations outside of the group that was studied.

        ** Local currencies were converted to U.S. dollars.

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          The Dangers Within – Your Key to Better Insider Threat Detection

          Privileged Access: How Insiders Cause Damage

          At least 60 percent of organisations allow third-party vendors to remotely access their internal networks, and just like employees, these external users can turn into exploited, unintentional and malicious insiders. Yet, these users are not managed by your organisation, which makes it difficult to secure and control their privileged access to your resources.

          According to a recent survey by the Ponemon Institute, 49 percent of respondents admitted that their organisation has already experienced a data breach caused by a third-party vendor, and 73 percent see the problem increasing.

          This white paper uncovers common misconceptions about insider threats, and provides new insight to help organisations better protect against these costly attacks. Read this eBook to learn the who, what, why and how of the insider threat to expose risks you may not be considering and gain guidance to help you prevent and detect these attacks.

          Get your white paper here


            About SecurIT

            Founded in 1999, SecurIT has over 18 years of extensive experience of designing, implementing, maintaining large Identity Management/Governance infrastructures. With more than 30 specialists permanently employed in the Netherlands SecurIT offers its customers high quality consultancy, implementation, management and support services (24*7). 


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