With an increasing number of organizations experiencing damaging and costly data breaches involving stolen administrative credentials, the exploit of compromised credentials and unmanaged access to systems by privileged users are now the leading threats against enterprises and government establishments. Failure to prevent breaches can lead to data loss, reputational damage, interruptions in operations and other costly repercussions.
Controls over privileged users are not only a business imperative, they are also mandated in a host of regulations, and standards spanning multiple industries and sectors. Failure to achieve and demonstrate compliance with privileged access regulatory mandates can lead to audit findings, fines and additional costs.
Without effective Privileged Access Management, many organizations not only fall short in minimizing their risk exposure to breaches and attacks, they also struggle to meet various regulatory compliance mandates.