Your security infrastructure is there to protect your organization from malicious threats. That much is obvious, but what happens when a user’s credentials are compromised and threat actors access your systems? This could expose your company to a data breach and all the reputational damage, operational downtime and financial costs that come with it.
But all access is not created equal. What would happen to your organization if one of your privileged users had their identity compromised? Privileged account management (PAM) helps protect against the most dangerous data breaches because it enables you to closely monitor your most sensitive accounts.
Protecting Your Privileged Users Is Paramount
The majority of security breaches involve the compromise of user and privileged accounts via attack vectors such as phishing, malware, and other means. Once the attacker establishes a foothold in the network, the next step is to find and hijack a privileged account, enabling the actor to move laterally across the network while appearing as a legitimate user.
At this point, the malicious activity can begin. Attackers often search compromised networks for valuable data such as personally identifiable information (PII), intellectual property and financial data. Such sensitive information enables threat actors to commit financial fraud as well as other crimes.
The bottom line is that protecting critical data means protecting your most valuable users. That’s why Gartner recognized privileged account management in its “Top 10 Security Projects for 2019,” along with detection and response, cloud security posture management, business email compromise, and more. The research firm also placed PAM on its 2018 list.
Further demonstrating the criticality of PAM is a Centrify survey that revealed 74 percent of data breaches involve unauthorized access to a privileged account. If privileged access is the most fruitful point of attack for cybercriminals, why are so many companies still not taking even basic steps to prevent this abuse?
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