Who can forget the infamous data breach incident of one of the popular file hosting service providers where more than 60 million users’ email addresses and passwords got affected? An employee just reused a password at work and that was the mistake. The password was broken through to steal the valuable records of the organization. Password Management plays a very crucial role in securing digital assets of organizations but unfortunately most of the times we find that it is neglected to the core. Adding to the woes, organizations site excuses of difficulties in managing a huge number of passwords in the network peripheral.
An exclusive survey by ARCON reveals that almost 70% organizations manage their desktop default admin IDs and passwords manually. This exposes a big security concern to the organization data. From the latest reports of other sources, we do find that almost 81% data breaches that are happening worldwide because of poor password management. Re-using privileged passwords especially is another reason of breaching incidents. Although 91% people (according to tracesecurity) are aware of this fact, it is surprising to see that 87% respondents admit to frequently re-using their passwords. If we delve deeper into the records, we find that poor passwords have eventually brought huge disasters upon the economy and reputation of many organizations.
To combat password breach challenges, ARCON | PAM (Privileged Access Management) offers secure Password Vaulting which randomizes privileged passwords with frequent changes as mandated by several regulation authorities. ARCON’s secured Password Vaulting forms the basis of best Privileged Access Management practice. Robust Password Vaulting ensures that no unauthorized users can access critical devices.
Just to conclude, hackers and malicious third parties always look for password vulnerabilities which leads to critical data breach. Thus, securing passwords have no alternatives. ARCON’s Password Vaulting gives organizations an additional security layer, that most of the IT administrators in enterprises look forward to ensure data security.
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.