Learn Why Your Company Needs A Privileged Access Management System?

If you are a booming organization, odds are you have a substantially large IT system. Moreover, the more perplexing your infrastructure, the more users you are probably going to have. Know what? A portion of these clients may try to override the current security protocols with noxious intents. A Privileged Access Management system can protect your company from such misuses.

There is a typical misinterpretation that most of the organization's security threats come from the outside. But valuable research firms have various stories to share. As indicated by the Association of Certified Fraud Examiners (ACFE), organizations will, in general, lose five % of their revenue annually, thanks to the fraudulent activities of their workers. Furthermore, who as indicated by the ACFE commit the greater part of these breaches? The most trustworthy executive in the organization who enjoy wide access to the organization's computer resources.  

But, one point is to be noted here: only one out of every odd breach results out of malice. Sometimes, even a well-intentioned privileged user may endanger his organization's security by committing small, obviously harmless, mistakes like clicking on a malicious link.

Privileged access management is also known as PAM systems that manage the relationship between individual users and the ability to privileged data or commands.

In essence, privileged access management systems:

1. It ensures that only the users who need to access a certain set of privileges will access the system.
2. It helps you to ensure that privileged access is used only when needed.
3. PAM also ensures that privileged access is centrally managed and can be granted and revoked quickly. 
4. It also ensures that an audit trail exists for every privileged access that takes place.

How Can A Privileged Access Management Solution Help?

It’s an obvious fact that the privileged user misuse can significantly affect an organization's brand image, market position, and subsequently, its bottom line, adding up to billion dollars. Then why must businesses continue to grant special access to specific employees in the organization? Indeed, organizations need privileged users or administrators since they need qualified experts to manage the source code, file systems, and different assets that enable them to either modify or upgrade their contents. Other than enjoying direct access to their organizations' intellectual property, including product knowledge and business information, this bunch of clients enjoy another significant privilege they are at freedom to grant temporary access to non-privileged users for carrying out specific tasks. This just makes more opportunities for attackers to leverage these admin credentials for deceitful purposes.

With regards to accessing a company’s’ data assets, ideally, just the trusted individuals ought to have the rights. However, from a practical standpoint, it doesn't bode well to trust anybody completely. That is why you need a watchdog inside your system infrastructure so that you can monitor and control even the most trustworthy accesses and repudiate the privilege when vital. A right user access management system enables you to keep a tab on those privileged workers- turned-culprits by strengthening your IT infrastructure with an additional layer of security. The privileged user should sign-in to this final layer of the security shield with passwords that is, yet again, strengthened by an encryption mechanism.

Your organization needs Privileged Access Management they are a valuable contributor to your growth. However, a portion of the employees from this elite group may turn out to be a danger if not appropriately monitored. Execute a privileged access management solution for assuring enterprise-widely perceivable into the activities of these recognized employees. It will assist you to promote a culture of controlled privilege.