In the beginning of 2019, more than 773 million email IDs and 21 million passwords were hacked which is claimed to be the biggest hacks of this year (so far). Australian researcher Troy Hunt discovered this and mentioned it in his website “troyhunt.com”. This incident threw a fresh question to us whether we are digitally safe. Previously, different stray breach incidents shook many large and small enterprises worldwide and forced them to take immediate initiatives for adequate security measures.
Today more than 80% of data breach incidents happen due to poor privileged password management. Still organizations fail to provide utmost security to all the passwords available in the enterprise network. People have the tendency to use simple passwords for memorizing them easily but the predictability factor makes passwords more vulnerable and hackable. The security of passwords also includes proper storage methodology. Most of the time, employees maintain excel sheet of passwords or keep it written somewhere for easy access. However, it highly increases the insecurity and helps the malefactors in stealing the credentials to compromise data eventually.
In a larger network environment, there are privileged accounts which are the gateways to most sensitive and confidential information. Ideally these credentials should have a robust security mechanism but most of the organizations fail to value the importance of privileged passwords. As a result, the hackers’ hawk-eyes always glance for those accounts to gather more information at one attempt. The vulnerability of passwords are more evident in a shared and distributed environment. Any account and the account credentials if shared by multiple users, are always unsafe and prone to breaches. Hence organizations must ensure that the privileged accounts are resistant enough against password hacks.
The hackers and their hacking techniques are getting sophisticated day by day. Amidst this emerging breach techniques, it is highly imperative for the organizations to take preventive measures before it is too late.
How ARCON can help your enterprise?
ARCON | Privileged Access Management (PAM) solution’s Password Vault is a powerful engine that rules out the chances of password abuse. ARCON’s robust Password Vaulting ensures:
- Storage of Privileged passwords in a highly secured manner with AES-256 encryption
- Supporting emergency password retrieval in break-glass scenario
- Automated and frequent randomization of passwords as mandated by regulatory standards
- Preventing any unauthorized user from accessing the privileged accounts
- A robust privileged password practice as it helps in forensic analysis enabling the security team to find out who has done what to the passwords
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.