Introducing Our New Privileged Access Management Risk Calculator

14

OCTOBER 2020

By: Orhan Yildirim

Today we introduced our new Risk Management Calculator as part of an overall approach to estimating and delivering significant return-on-investment in protecting enterprise and organizational assets with Privileged Access Management (PAM) technology.

A PAM solution consistently protects management accounts, controls privileged user access, enforces segregation of duties, logs user sessions and activities, provides accounting, compliance auditing, and operational efficiency, and helps to prevent security breaches, which have been documented to cost from $4M to $400M, depending on the number of records compromised and the value of the related data.

Historically, organizations have invested in software and hardware focused on securing the perimeter of their networks, but today PAM plays a critical role in protecting assets and mitigating risk, given that 81% of all data breaches in 2019 were linked to lost or stolen user credentials, and 43% of successful breaches were linked to internal actors, according to the Verizon Data Breach Investigations Report (DBIR).

As regulatory pressures mount, penalties rise, and reputational damage is done when breaches are made public, an investment in PAM goes beyond technical and tactical, to strategic and smart.

IT and OT teams, especially in large enterprises and government organizations, are under unprecedented pressure to keep work flowing, while protecting networks, applications and data, and complying with increasingly complex regulations and avoiding large fines.

While cybersecurity has always been a concern, it has become increasingly significant in the recent past, with a higher frequency of incidents, including large attacks, which can have massive economic consequences and can even be deadly. Data, including healthcare data, is more valuable to cyber criminals than ever, but in the rush to digital transformation (and responses to crises, including the 2020 Covid-19 pandemic) organizations of all sizes are unintentionally opening themselves up to the largest source of data breaches.

In this new white paper, we share a new framework for creating a solid business case to implement modern PAM solutions, which scale technically and financially, and enhance enterprise risk management postures.

We are also offering a complimentary guided assessment.

Enjoy interacting with our online version and download our white paper here.

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