Privileged user accounts provide advanced access rights to critical systems and sensitive data. They are like VIP passes – only the select few have them.
These accounts appeal to hackers because this access can give complete and unlimited entry to systems and data. They can then stealthily move throughout the network to compromise other systems within the breached environment.
The Forrester Research Privileged Identity Management, Q4 2018 report estimates that 80% of data breaches involve theft of privileged credentials, such as passwords, tokens, keys and certificates.
Privileged Access Management or PAM reduces the risk of privileged credentials being stolen. It helps organisations provide secure, privileged access to critical assets and enables them to:
Many organisations focus time and money managing regular user accounts and underestimate the importance and risk presented by privileged accounts.
Exploits of privileged accounts often begin with phishing schemes. More frequently they are accessed via third parties’ or other cloud tenants’ digital access. A PWC survey found that 41% of privileged account incidents were via third-party business partners compared to 29% through current employees.
Trilogy is the only Irish company partnering with CyberArk to provide a Privileged Access Management solution.