You may be familiar with Privileged Access management – PAM – because of its capabilities as part of a comprehensive defense against cyberthreats. In a strong PAM solution those capabilities are many and varied, and allow network security teams to design a defense-in-depth strategy that adheres to security-first, Zero Trust principles to secure their organizations' most sensitive assets. Yet as important as it is to protect against cyberthreats, there is another key aspect of cybersecurity with which organizations need to concern themselves: Compliance with regulatory and industry standards.
The elements of effective cybersecurity are both a broad and a deep subject for discussion, and the details of any one particular element bears in-depth discussion of its own. That said, such details are often best left to companies' cybersecurity teams to investigate and implement – but in no regard should executive teams remain completely uninformed of the high-level elements that should comprise proper, well-rounded cybersecurity within their organizations.
Every year over the past decade has seen a variety of successful hacking attempts and data breaches at companies both large and small, and 2019 has been no different. Here are three of the top data breaches this year, along with some observations on how privileged access management (PAM) might have helped to mitigate or even possibly have prevented these breaches.
Corporate networks can be sprawling affairs comprising thousands of connected devices. Securing such networks is too often focused only on locking down access points into the network. But what happens once a user (or intruder) gains access to one of those network entry points? With an ever-evolving cyberthreat environment and a constant barrage of new tools deployed by hackers in their attempts to gain network access, the assumption of every smart cybersecurity team should be that their external defenses will be penetrated.
More than a quarter of all cyberattacks are aimed at financial systems – more than any other vertical. In 2019, Capital One, Desjardins, First American Financial, Westpac, and even the Bulgarian National Revenue Agency have all been the victims of successful cyberattacks, and there is no reason to think that such attacks will lessen.