On 28th July 2020, at 11:30 am EAT, ARCON Tech Solutions organized an exclusive webinar for the East Africa region. The topic was: Predict, Protect, Prevent: Modern Security Paradigm for Modern Enterprises. 150+ attendees from India, Kenya, Nigeria and South Africa attended the webinar. Aditi Jain, from the product development team, represented ARCON and delivered a presentation on the importance of Privileged Access Management (PAM) in modern enterprises.
Key Takeaways from the Webinar
The session was on the modern security paradigm, hence the exponential growth of privileged identities was the most crucial part of the discussion. The entire session revolved around the importance of ARCON | Privileged Access Management (PAM) where the below facets were discussed:
Headline-making data breach incidents across the globe every now and then are ringing the alarm bell to the IT risk management teams from all enterprises to adopt adequate security measures. More than 71% of organizations today have confessed that they have suffered unusual data breach attempts in the recent past. If not now, then when should we find out the root cause?
Why is the threat surface expanding? 47% of organizations store data on IaaS, MSP or hybrid environments which expands the threat surface. Organizations, very often, leave the vulnerabilities around the access control mechanism of privileged identities. These are exploited by the malicious actors.
The Rapid growth of IoT leads to an increase in the number of privileged identities, the number of applications and the number of devices which require seamless monitoring to detect any kind of anomaly in the network.
Why are Privileged IDs the major area of concern? 72% of organizations admit that their major concern remains with the access control and seamless monitoring of the privileged IDs and the privileged user activities. These IDs are the gateways to most of the confidential business information and thus, are always vulnerable to threats.
Who are the Privileged users? Privileged users are the elevated users who possess the privileged rights to access, create, delete or modify the configuration of critical systems, data centers, databases, applications or even network servers.
What is the reason behind the vulnerability of Privileged Passwords? Privileged IDs with poor password management is one of the biggest loopholes in IT security. While 70% of organizations admit that their default admin passwords are managed manually, ARCON | PAM ensures a robust password management with Password Vault.
ARCON | PAM now mandates all the standard regulatory requirements across the world including EU GDPR, HIPAA, PCI DSS, GLB, SOX, ISO 27001 etc.
ARCON | PAM offers an array of features that includes Granular level access control, Single Sign-On, Multi-factor Authentication, Password Vault, Just-In-Time Privilege, PEDM (Privilege Elevation & Delegation Management), Session Monitoring, Audit trails, Virtual Grouping, Live Dashboard, Customized reporting with Text & Video logs.
In addition to ARCON | PAM, the other two solutions namely ARCON | User Behaviour Analytics (UBA) and ARCON | Secure Compliance Management (SCM) mitigates malicious activities and assesses security vulnerabilities respectively.
ARCON envisages comprehensive security under one roof with all the three solutions and protects the organizations from targeted attacks and zero-day threats.
Privileged Access Management – An Overview
In the geography of Africa, most of the organizations emphasize on the awareness of modern IT security and thus, the importance of Privileged Access Management (PAM) is rising rapidly. To meet the demands and reach out to more key people in the industry at a single point of time, ARCON organized this exclusive region-specific webinar. In a nutshell, this webinar paved the way for more similar sessions in the coming days, thanks to the overwhelming response. Till then, stay tuned.
ARCON is a leading enterprise risk control solutions provider, specializing in risk-predictive technologies. ARCON | User Behaviour Analytics enables to monitor end-user activities in real time. ARCON | Privileged Access Management reinforces access control and mitigates data breach threats. ARCON | Secure Compliance Management is a vulnerability assessment tool.