Cybersecurity initiatives are among the top priorities of most organizations, and for good reason. After all, even the most established enterprises can be hit with a cyberattack, and the financial, reputational, and legal repercussions can be catastrophic.

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Privilege Access Management: Key to Higher Security

For many businesses, falling victim to a data breach is no longer a question of if but when. This is because the threat landscape today is littered with various attack vectors that it’s difficult to see where the next strike may be coming from. One thing’s for sure, though: exploiting privilege access accounts in some way has oftentimes proven to be a reliable route for hackers to infiltrate an enterprise’s network.

What organizations should understand however, is that with security breaches, it’s not always a simple case of outside attackers finding their way in. As in the case of the Anthem medical data breach last year (2020), sometimes, all it takes is the fall of one privileged account—whether due to malicious intent or sheer negligence, to open up the proverbial floodgates for cybercriminals.

Authorized to perform many mission critical functions that are not accessible to the average employee, a privileged user account is a very powerful asset in any organization. Securing privileged access is thus, key to mitigating risk and helping ensure that customer data and other confidential information are kept away from the prying eyes of malicious hackers.

This is where the importance of Privileged Access Management (PAM) comes in.

There are many ways to effectively manage privilege accounts and credentials. Some businesses use manual methods, while others implement PAM s