Not sure about the various types of privileged accounts, want to improve system administration/governance?
Privilege access management is the #1 cyber security priority for the business. ‘Privileged access’ encompasses access to critical systems - computers, software applications, networks and network devices, and other digital assets. Privileged access management (PAM) is, thus, the combination of technology and tools used to control, monitor, and secure access to an organization’s critical resources and information.
As per the survey, a standard data breach can cost an organization an average of USD 3.92 million. Prioritizing privileged credential security ensures that operations of the organization will not be interrupted by a breach, hence creating a formidable competitive advantage over their peers in time and costs.
Privilege Access Management (PAM) solutions vary in their design. At Adit, we offer PAM solutions covering the following security measures components.
Vendor Privileged Access Management (VPAM) helps your business maintain visibility over your third parties and their superior user accounts to ensure that their access level isn’t misused or abused. This enables you to keep track of all the changes, updates, and modifications being made to vendor accounts. Moreover, it helps you limit each vendor’s permissions, limiting the damage their credentials could do in the wrong hands.
The Access Manager helps security teams to manage all employee access on a single portal, from which: - Privileged users can request access, and - Administrators can disable a privileged user’s access.
The Session Manager provides real-time monitoring of select users to prevent and detect suspicious activity. It not only tracks but also creates an audit trail of actions taken during a special account session.
The Password Manager helps with enforcing passwords and controlling passwords policies. This allows regular revocation and rotation of passwords while maintaining them in an encrypted and centralized vault.
PAM is a compelling security solution that can be utilized for IT network inventory scanning, identity governance, and improving insights into vulnerability assessments, among other things. This feature of cyber security serves as a hinder to many cybercriminals.
A Privilege Access Management (PAM) solution enables you to quickly audit privileged accounts that have been used recently, determine which applications have been executed, and identify passwords that have been changed.
With the help of strong security control recommendations, PAM develops a good baseline of policies that can help expedite your compliance standards to align with industry and government regulations.
Cyber security solutions add no value to the business other than reducing risk. However, installing the right PAM solution can increase productivity by offering employees access to systems and applications more securely and quickly. This enables CISOs to get more output with the same budget.
