All Blogs
Privileged Access Management

Why Privileged Access Management (PAM) Tops the Priority List in Cybersecurity

By Rajesh Garg
|
Jul 18, 2023
|
4 min read

In the realm of cybersecurity, enterprises face numerous threats and challenges that can compromise sensitive data, systems, and networks. Among these challenges, the management of privileged access stands out as a critical priority. Privileged Access Management (PAM) plays a vital role in securing the most powerful accounts within an enterprise. This article explores the reasons why PAM tops the priority list in cybersecurity. We will delve into the risks associated with unmanaged privileged access, the impact of privileged account compromise, and how PAM solutions address these challenges.

Expanding Threat Landscape: The threat landscape has evolved significantly, with cyberattacks becoming more sophisticated and frequent. Threat actors specifically target privileged accounts due to their extensive access and control over critical systems. Unmanaged privileged access can result in dire consequences, such as data breaches, unauthorised system modifications, and even full-scale network compromise.

Privileged Access Management is paramount in addressing these challenges. It provides a comprehensive framework for managing, controlling, and monitoring privileged accounts, mitigating the risks associated with their misuse, and bolstering an enterprise’s overall security posture.

Mitigating Risks of Unmanaged Privileged Access

Unmanaged privileged access poses significant risks to enterprises. Here are some key reasons why PAM, a type of cybersecurity solution, is crucial to mitigating these risks:

  1. Insider Threats: Privileged accounts in the wrong hands can lead to malicious actions from insiders. PAM systems minimise the possibility of internal misuse by ensuring that only approved users have access to privileged accounts and that their activities are continuously monitored.
  2. External Cyberattacks: To obtain unauthorized access, cybercriminals intentionally target privileged accounts. Strong authentication procedures, comprehensive access controls, and the monitoring of privileged sessions enforced by PAM solutions make it far more difficult for attackers to penetrate these crucial accounts.
  3. Credential Theft: Compromised credentials are often used to gain unauthorised access and facilitate lateral movement within an enterprise’s network. PAM solutions mitigate this risk by implementing measures such as password rotation, just-in-time access, and session isolation, reducing the chances of successful credential theft and lateral movement.
  4. Compliance and Audit: PAM solutions help enterprises meet various compliance regulations and audit requirements by providing comprehensive audit trails, session recordings, and access controls, ensuring transparency and accountability.

Benefits Of Implementing PAM Solutions:

Implementing PAM solutions offers several benefits that contribute to enhanced cybersecurity:

  1. Least Privilege Principle: PAM solutions enforce the principle of least privilege by granting IT administrators and other privileged users only the necessary access privileges required to perform their tasks. This reduces the attack surface and minimises the potential impact of a compromised account.
  2. Centralised Access Control: PAM solutions provide a centralised platform for managing privileged accounts, streamlining access provisioning, deprovisioning, and overall user lifecycle management. This simplifies administrative tasks, reduces operational overhead, and enhances visibility into privileged access.
  3. Session Monitoring: PAM solutions offer real-time session monitoring and recording capabilities, enabling enterprises to track and audit privileged activities. This provides valuable insights into administrator actions, aids in incident investigation, and supports forensic analysis in the event of a security breach.
  4. Password Management: PAM solutions incorporate password vaults and automated password rotation, ensuring that privileged account credentials are strong, frequently updated, and not shared among users. This significantly reduces the risk of unauthorised access due to weak or compromised passwords.

Privileged Access Management is undeniably a top priority in cybersecurity due to the critical role privileged accounts play in an enterprise’s infrastructure. By implementing PAM solutions, enterprises can effectively mitigate the risks associated with unmanaged privileged access. Yotta’s Privileged Access Management solution provides comprehensive security for attack surfaces across endpoints, applications, and servers. With quick deployment and setup available from Day 0, enterprises can swiftly implement the solution to enhance their cybersecurity posture. The PAM solution offers robust features such as credential management, session monitoring, and access control, enabling customers to meet regular audit and compliance requirements.

One notable advantage of Yotta’s Privileged Access Management solution is its regular upgrades, which allow enterprises to leverage the benefits of a strong PAM without the burden of manual upgrades. This ensures that the solution remains up to date with the latest security advancements.

Yotta’s PAM solution goes beyond securing access to servers, network devices, databases, and applications. It provides comprehensive monitoring and control capabilities, enabling enterprises to have a holistic view of privileged activities, detect anomalies, and promptly respond to potential security incidents.

PAM solutions provide robust access controls, session monitoring, and password management capabilities, thereby strengthening security, minimising insider threats, thwarting external attacks, and ensuring compliance with regulatory requirements. Prioritising PAM empowers enterprises to protect their critical data, systems, and networks, safeguarding their operations and maintaining trust in an increasingly complex digital landscape.

Rajesh Garg
EVP, Chief Digital Officer & Head – Cybersecurity

With a stellar record in ERP implementations in India, Rajesh leads the 360-degree growth of ERP solutions, cybersecurity solutions, application modernisation, product design and development, and consulting. He brings over 28 years of experience in technology, strategy, transformation, service delivery and assurance.

Related Articles

Privileged Access Management

Why Privileged Access Management (PAM) Tops the Priority List in Cybersecurity
5 Reasons Why Businesses Need <br>Privileged Access Management

5 Reasons Why Businesses Need
Privileged Access Manag...

By Rajesh Garg
|
Jul 26, 2022
|
4 min read
Explore more
GET IN TOUCH

Ready to go Hyper?

Get in touch. We’d love to hear from you.