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Role of Privileged Access Management in Protecting Data

Role of Privileged Access Management in Protecting Data | ARCON Blog

Many IT elements jeopardize the privileged access security of your enterprise operations; however, by deploying robust PAM solutions, you may fortify your network while easing access for privileged users. Learn how!

In a world where privileged credentials are stolen in an estimated 74% of security breaches, deploying a Privileged Access Management (PAM) solution is one of the most important steps businesses can take to secure their IT assets.

Privileged accounts grant unique account privileges to certain end-users with elevated rights to execute key business operations such as accessing private company information, resetting user passwords, and implementing changes to IT infrastructure systems. However, if these accounts are compromised, the organization may face major consequences.

Organizations can use a strong PAM solution to ensure that individuals who require privileged access receive it while protecting vital business systems from devastating assaults. But before all, what is a PAM solution?

 

Privileged Access and PAM

 In a corporate environment, “privileged access” refers to special rights or ‘entitlements’ that go above and beyond a typical user. Privileged access enables enterprises to secure their network and apps, conduct their businesses efficiently, and protect sensitive data and key infrastructure.

Privileged access can be assigned to human and non-human users, such as applications and machine identities. Privileged accounts, credentials, and secrets abound: it is claimed that they outnumber employees three to four times over.

 The privilege-related security risk in current business environments is rapidly expanding as systems, apps, machine-to-machine accounts, cloud, hybrid environments, DevOps, robotic process automation, and IoT devices become increasingly interconnected.

Today, nearly all advanced assaults rely on privileged credentials to access a target’s most sensitive data, services, and infrastructure. Privilege access has the potential to disrupt a company if it is misused.

Endpoint compromise and privileged credentials are virtually usually the cause of data leaks. As a result, monitoring and protecting privileged accounts has become critical. Endpoint least privilege security is crucial, as local administrator rights are a prime target for cyber thieves.

Solutions that safeguard both endpoints and privileged credentials must be in place to protect sensitive data. That’s when PAM comes to the rescue. Privileged access management (PAM) is used by organizations to protect against the hazards posed by credential theft and privilege access abuse.

PAM is a comprehensive cybersecurity strategy that includes people, procedures, and technology to govern, monitor, secure, and audit all human and non-human privileged identities and actions in an organizational IT environment.

 

How does PAM protect your real-time data?

 Unmanaged and unmonitored accounts expose your organization to a slew of privileged dangers, whether by design or accident. Humans are considered as the weak link in the cybersecurity chain, whether they are internal privileged users exploiting their degree of access or foreign cyber attackers aiming and hijacking privileges from users to operate discreetly as “privileged insiders.”

Privileged access management assists organizations in ensuring that employees only have the access they need to execute their tasks. PAM also enables security teams to detect harmful actions associated with privilege abuse and quickly mitigate risk.

 

# PAM is critical for achieving compliance

 The capacity to observe and detect suspicious occurrences in an environment is critical; yet, without a clear emphasis on what poses the most risk – unmanaged, unmonitored, and unsecured privileged access – the organization will remain exposed.

Incorporating PAM as agile security and risk management strategy helps firms capture and track all key IT infrastructure and sensitive data, simplifying audit and compliance obligations.

 

# PAM restrains credential sharing

 Numerous people inside the organization share many administrator accounts, and for convenience, they frequently use the same password across multiple systems.

These techniques can make determining which actions were performed by specific personnel hard, raising a company’s security risk and exposing a lack of compliance with regulatory obligations.

PAM can assist organizations in mitigating these risks by requiring each individual to utilize a unique login. PAM solutions may additionally demand strong passwords, which must be changed regularly depending on the account’s level of sensitivity.

Administrators can also use PAM to deploy single sign-on (SSO) authentication to hide credentials from users and ensure effectiveness each time they access critical assets.

 

# Review risky behavior notifications in real-time

 Many PAM solutions provide administrators with real-time email and text warnings that alert them to potentially dangerous or suspicious behavior.

They can create alert settings to receive messages whenever a privileged user accesses certain data or systems, when potential policy breaches occur, or when hazards such as too many allocated privileges to specific accounts are highlighted. Administrators can swiftly make modifications to maintain a high degree of security by analyzing notifications in real-time.

 

#  Integrate with access management systems

 In recent times, Leading PAM systems can integrate with an organization’s larger identity and access management (IAM) system, closing security gaps and eliminating repetitive processes for privileged and non-privileged accounts.

Companies that combine the capability of PAM with identity governance can benefit from automated provisioning and de-provisioning and speedier reporting and auditing throughout their user accounts. As a result, you can save time & the complexity of securing all user identities is reduced.

 

# ‍PAM secures cloud-forward and hybrid remote access

 Distributed, and even completely remote, workforces are becoming the standard, implying more Software as a Service (SaaS) applications, infrastructure automation tools, and service accounts connecting from different locations.

Companies need something more precise than a VPN to secure cloud access & hybrid environments as these privileged accounts outnumber humans in an organization, where PAM emerges as the solution.

Managing privileged access is a critical component of an organization’s overall identity governance strategy. With a solid PAM solution, businesses can be confident that they are granting privileged access to those who require it while safeguarding their systems from destructive attacks that could collapse the business.

 

Final Thoughts:

ARCON | PAM is designed to handle expanding use case issues of privileged access by providing IT security with granular controls and implementing least privilege principles in enterprises.

ARCON, a firm trusted by over 1000 worldwide companies, provides solutions to emerging use-cases that ensure business scalability and compliance. So, if you want to invest in PAM solutions, consult an expert to choose the best possible security goal!

 

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