Privileged credential abuse is involved in 74% of data breaches

Research has shown that though there has been a significant increase in cybersecurity budgets, approximately 74 % of security breaches involve privileged access abuse, and 66% of companies have been breached an average of five or more times. Due to lack of scrutiny when granting access to privileged user accounts, organizations now realize that they are not implementing PAM effectively.

Information security professionals should consider fundamental security controls such as PAM or other solutions to strengthen their environment. However, plenty of organizations are simply not taking some of the most basic steps to secure privileged credentials.

52% do not have a password vault
65% of companies share root or privileged access to systems
1 out of every 5 (21%) still have not implemented multi-factor authentication for privileged administrative access
Organizations are not implementing basic PAM policies and processes to reduce risk within the environment. Privileged access should cover infrastructure, databases and network devices, cloud environments, big data projects, DevOps and containers or microservices. The threats that are identified can create a growing and changing risk to the organizations financial statement and reputation.