Why Securing Privileged Accounts Is a Must

By Karen A. Frenkel  |  Posted 08-29-2016 Email

A new study reveals security gaps in how organizations manage and secure their privileged account passwords and network access. “The 2016 State of Privileged Account Management Report” by Thycotic, a provider of privileged account management (PAM), and Cybersecurity Ventures, a research and market intelligence firm. The survey includes responses from 500 IT security professionals from organizations worldwide. The report also includes five steps you can take to help secure privileged credentials throughout your enterprise. “While awareness is high among organizations on the importance of securing privileged accounts, according to results found in our survey, many organizations still fall short when it comes to adopting and maintaining best practices in the protection of privileged account credentials,” says James Legg, president and CEO of Thycotic. “Weak privileged account management is a rampant epidemic at large enterprises and governments globally,” says Steve Morgan, founder and CEO of Cybersecurity Ventures, “We expect the needle on automated PAM solutions adoption to move fairly quickly into the 50% range over the next two years.”

Karen A. Frenkel writes about technology and innovation and lives in New York City.


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