Innovation in technology is yielding significant results. Enterprises are gaining efficiency, operational flexibility along with cost reduction as cloud and Managed Service Provider (MSP) provides an alternative service space.
MSP or Infrastructure as a Service (IaaS) is a very cost effective alternative because it allows enterprises to save capital. Enterprises can divert resources to other operational areas as transferring workloads to MSP provides a network to store/ process data including running software and other rudimentary computing services. In other words, it saves a huge amount of money as there is no upfront capital expenditure.
But are enterprises addressing risks?
Outsourcing services to an MSP brings an element of risk. Outsourcing IT functions to a managed-service provider’s premises essentially means delegating control of your systems to third-parties.
Even though key business risks residing with outsourced vendors are sought to be addressed through contracts, in reality, a scant attention is paid to potential threats to data through misuse of Privileged Access on vendor systems.
Private and confidential information of about 50,000 employees from several government organizations and utilities companies in Australia were compromised recently due to a gap in security breadth of a third-party contractor. The leaked information included names, passwords, credit card numbers, confidential corporate information such as salaries and expenses.
Likewise, a few years ago, a disgruntled administrator of an outsourced firm sold off credit card details.
Against this backdrop, it is imperative to have a mechanism in place where access to all endpoints in shared environment are monitored, controlled, or restricted. A majority of data breach incidents occur when the endpoints particularly the privileged accounts are administered without any policy or compliance framework.
ARCON | Privileged Access Management is designed to provide a comprehensive solution to Privileged User Management. It provides a proactive approach to secure sensitive information/data and critical systems without impacting normal business and IT operations. ARCON | PAM helps to mitigate both internal and external risks by controlling how business or Privileged Account user access and use enterprise data.
By combining host access control Privileged User Management, ARCON | PAM can reduce the risk and cost of managing privileged users. It is designed to enhance controls around your data with the outsourced vendor by:
Robust Privileged Access security across entire vendor network
Granting Access control to Privileged Users only on ‘Need to Know’ ‘ Need to do bases’
Generate Privileged User Reports of MSP from security access logs quickly, making audits easier
Address regulatory compliance
Protect against the loss of sensitive data
Enforce accountability and segregation of duties
Authenticate Privileged Users from one source, streamlining your systems access and reducing the cost of LINUX/UNIX Account Management
Proactively report on the status of key compliance policy
Reduce administrative cost and complexity
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.