Data breaches continued to haunt corporations across the world. From Japan’s largest travel agency to UK’s leading accounting software firm and from America’s prominent hospital chain to Africa’s emerging financial institutions, organizations spanning varied industries and different sizes got their data exposed this year as malefactors exploited slightest of the security gaps.
Such incidents would continue to surface as malicious insiders and cyber intruders have incentives to steal the data. Indeed, your database is a treasure trove of highly classified information. Data is now a new commodity in cyberspace. It sells.
Unfortunately, though, a good number of organizations still have a very tepid approach towards securing the data.
You see, organizations’ IT infrastructure is not static. As business expands, the network of devices also multiplies. To gain access into the network, employees, IT personnel, and third parties like vendors and consultants get credentials or ‘identities’ for secured logons. While some of those identities are meant for ‘normal users’, a rising number of ‘identities’ get administered by the ‘Privileged Users’ or the ‘Super Users’.
People who hold administrative rights to privileged identities hold master keys to your network. As the name suggests ‘Privileged Users’ enjoy elevated authorization to gain access to highly classified information, stored in database servers, application servers, and network of devices.
Firms err when a proliferation of privileged identities are not sufficiently matched by keeping a system in place which keeps a tab on the use of privileged identities.
Organizations are often completely ignorant or pay scant consideration to the number of privileged identities that exist within their IT setting. If firms fail to secure these identities, malefactors exploit the security gaps to steal the data by gaining unauthorized access to network devices.
Secondly, the administrative rights to access critical identities keep altering. In this backdrop, IT personnel time and again find it very difficult to keep a tab on possible misuse of privileged credentials, especially when logon details are infrequently rotated and extensively shared.
That’s why it is imperative for organizations to have Privileged Access Management (PAM), also known as Privileged Account/Access Management (PAM) in their IT environment. The solution allows organizations to secure, manage, and track all logons to privileged identities in a network, located whether in premises or on cloud.
ARCON is a leading enterprise risk control solutions provider, specializing in risk-predictive technologies. ARCON | User Behavior 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.
Need a solution for safeguarding critical IT assets? Please contact us