Why Most Organizations are Not Prioritizing Privileged Access Management
However, despite being aware that they’ve been breached, most companies are still extremely immature in their PAM journey, and are granting too much trust and privilege. More importantly, they are not taking even the simplest measures to reduce risk and secure access to sensitive data and critical infrastructure. For example:
“Forrester had already estimated that privileged credential abuse was the leading attack vector, but now we have the empirical research to back it up,” said Tim Steinkopf, CEO of Centrify. “What’s alarming is that most organizations aren’t taking the most basic steps to reduce their risk of being breached. It’s not surprising that Forrester has found 66 percent of companies have been breached five or more times. It’s well past time to secure privileged access with a Zero Trust approach, and many organizations can significantly harden their security posture with low-hanging fruit like a password vault and MFA.”