Organisations have different divisions for carrying out various processes, each headed by a lead who makes decisions and takes calls during crisis. Thus, there’s nothing out of the ordinary about businesses granting privilege rights to specific account holders to ensure smooth functioning. Such accounts are indispensable when handling administrator level tasks.
So, businesses usually have a few trusted members who guard the keys to their kingdoms – keys that are usually stored in excel files, which in turn are stored on unsafe/ unprotected locations, making them easily accessible.
Imagine someone with unrestricted access to all your confidential files, the privilege to run any program or change configuration settings. What if even one out of those with such entitlements is not trustworthy? Imagine someone not entitled to such rights gaining access to such information or software? How would you trace such sabotage.
The thought’s not so comforting, is it? That’s exactly why Privilege Account Management is a must for enterprises. Organisations, sometimes:
Auditors are increasingly targeting privileged accounts in their IT general controls and application reviews. The cost of manually managing enterprise wide privileged access is a considerably cumbersome process without automation technology. In addition to this, surveys show that security incidents were committed by insiders as much as outsiders, but the cost of insider incidents was drastically higher that further emphasise the importance of PIM in organisations.
Privilege Identity Management can help businesses by:
Critical functions usually need tough decisions. However, those with rights must be accountable for their actions. Also, troublemakers must be identified and kept in check. Thus, enterprises must adopt technologies that reduce risk and exposures by eliminating shared and hard- coded passwords and have a system in place to monitor privilege accounts to ensure that such rights are not misused.
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