Regulatory compliance is becoming harder, and IT security teams responsible for protecting networks, systems, data, and other assets are being hard-pressed to keep up with increasingly strict regulations, which are in place for all the right reasons – but can be daunting.
Gartner and other industry analysts agree that implementing Vendor Risk Management (VRM) has grown in importance as a sub-set of Privileged Access Management (PAM).
Research shows that nearly 60% of all data breaches involve a third-party, and an increasing number of regulations require management of vendor access into regulated networks.
According to a Deloitte “Third Party Governance and Risk” report, 83% of organizations experienced a third-party incident in the past 3 years, 11% of them with a severe impact and 35% with a moderate impact on customer service, financial position, reputation, or regulatory compliance.
The takeover of privileged accounts has become the single largest source of cyberattacks today, which is driving increased interest in threat analytics. While there is a range of threat analytics solutions, including those which address more traditional attacks (for example phishing), threat analytics as part of a Privileged Access Management (PAM) security posture, which supports a continuous, intelligent monitoring capability that helps organizations detect and stop external adversaries or malicious insiders before they cause damage has rocketed to the top of the list of CIO and CSO requirements.
The impact of the global pandemic has brought the requirement for more intelligent, sophisticated threat analytics, given the damage being done as attacks on networks, applications and databases increase, and new threats surface that could take down entire mission critical systems, including those which are needed more than ever in times of medical and environmental crises.
2020 has been a rough year when it comes to the global health crisis, related economic challenges, and critical divisions in government as we head into an election season in the context of continued attacks on American democracy.
Cloud CRM Leader Pega Taps Ironsphere to Enhance AWS Security with Privileged Access Management Software
Cloud-based Customer Relationship Management applications that are hosted on a private, public, hybrid or multi-cloud system, otherwise known as Cloud CRM, have many obvious advantages. When the data, application and related services are stored and accessed securely, especially given the dramatic shift to Work From Home (WFH) models, businesses can continue to work productively, ensuring sales, marketing, finance, legal, contact center agents and others can retrieve and interact with information from any location.
Last month, Pega released results of a survey that revealed most businesses overestimated their digital readiness to adapt to the COVID-19 health and financial crisis.
We have announced the success of a project we have been developing with Pegasystems, Inc., a growing, global Cloud software and services provider. Pega, whose mission is to empower digital transformation at the world’s leading enterprises, selected Ironsphere’s Privileged Access Management (PAM) software to further secure its Amazon Web Services (AWS)-hosted CRM as-a-service offerings.