91% IT leaders are better protected with PAM, seek affordable solutions
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A new report reveals that 56% of IT leaders tried to deploy a PAM solution but did not fully implement it, and 92% cited overly-complex solutions as the main reason.
The new Privileged Access Management Survey: Deployment Amid Economic Uncertainty survey, released by Keeper Security, explores global insights from IT and security executives, revealing that while IT leaders consider PAM solutions critical to their security stack, cost constraints and complex solutions are impacting deployment. According to the report, 58% of IT teams have not deployed a Privileged Access Management (PAM) solution because traditional platforms are too expensive.
The report yielded responses from 400 IT and security executives in North America and Europe and an independent research firm conducted the survey in 2023.
Other key report highlights
- 91% of IT leaders say their PAM product has given them more control over privileged user activity, decreasing the risk of insider and external breaches.
- Despite the benefits, 62% revealed the downturn in economic conditions would likely cause them to scale back their current PAM platform.
- 56% of respondents tried to deploy a PAM solution but didn’t fully implement it
- 92% said they didn't because it was too complex to do efficiently
- 85% of IT leaders surveyed say their PAM requires a dedicated staff to manage and maintain.
Survey respondents cited the following top three benefits of a PAM solution:
- Easier to manage/maintain (70%)
- Easier to integrate into existing tech stack (55%)
- Lower cost/not paying for features the organization doesn’t need (44%)
Survey respondents said the PAM features most frequently used by their organizations include:
- Two-factor authentication (62%)
- Role-based security (58%)
- Reporting/auditing (51%)
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