Organizations these days are exposed to cybersecurity threats – internal and external. They should invest in effective security features and access management solutions to secure sensitive data. A modern solution to secure your critical business accounts is privileged access management. It allows you to gain real-time visibility into your network and protect cyber-attackers from breaching your walls. You can also reduce configuration errors with these access management solutions. This post will explain why privileged access management is crucial for business accounts. Keep walking with us to learn more!
Significance of privileged access management solutions:
Privileged access management (PAM) can offer you complete visibility into your network activities. Your IT teams and admins can enjoy visibility into certain activities and spot suspicious actions. Moreover, it also helps you prevent privilege abuse and misuse of the access credentials. When you implement privileged access management in your organization, you can simplify regulatory compliance and enhance overall employee productivity. The following will explain a few benefits of privileged access management for securing your business accounts. Are you ready? Let us delve deeper into the list!
Enhanced access control:
Your business and IT team should always have visibility into network activities and access management. With privileged access management, you can control access to certain sensitive information and critical systems. Moreover, you can also limit access to privileged business accounts to keep your sensitive information in safe hands. Many organizations implement role-based access management, allowing only concerned authorities to access the network, which is a better approach. You can have tight control over who can access critical business accounts and when.
The granular control over your network access allows you to reduce the chances of misuse – accidental or intentional. You can also reduce potential damage in case of a data breach. The management can revoke access credentials with the help of PAM solutions.
Reduced insider threats:
The risk posed by insiders is probably the most significant security concern for organizations. Employees, contractors, and other trusted parties with access to critical systems can pose an insider risk. With the help of privileged access management, you can restrict parties from accessing business accounts. You can control who can access what; it allows you to restrict insiders from accessing accounts freely.
PAM often comes equipped with features like session monitoring and recording. Do you want to enhance your access management security and reduce insider threats? You can opt for cybersecurity services UAE and let security specialists help you!
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Reduced risk of credential theft:
Cyber-attackers always eye critical business accounts. The reason is that these privileged accounts can offer access to the sensitive systems within your organization. The best way to reduce this risk is to opt for privileged access management; it can reduce the risk of credential theft. PAM can implement and reinforce strong authentication mechanisms like multi-factor authentication (MFA).
Strong authentication can add an extra layer of security to your business accounts. You can ensure the security of sensitive information even if your passwords are compromised. Unauthorized users will never get away with your data, leading to a reduced risk of theft.
Reduced data breach damage:
When your network is attacked, cyber-attackers will use privileged accounts for lateral movements within your network. They can use these accounts to gain deeper insights and access to your network. With the implementation of privileged access management, you can restrict users to minimum access. You can activate features like “least privilege” to reduce access to sensitive information and areas.
The least privileged feature can limit the ability of an attacker to access multiple systems. The feature is also helpful in reducing the attack surface, empowering you to protect your crucial business accounts and data.
Compliance with regulations:
Regulatory frameworks will require your business to show strict adherence to regulations like GDPR, HIPAA, and SOX. You can demonstrate strict control over your access management with the help of this adherence. Implementing privileged access management will help you comply with regulations and keep your organization in the green zone. You can also enforce access control policies and maintain logs. The audit reports prepared will demonstrate who accessed the network and when.
Compliance with regulations can also reflect that your organization is actively managing access control measures. Do you want to enhance your security measures and control your access management? You can opt for cybersecurity services UAE and let security specialists implement effective strategies for you!
Implement privileged access management for your business!
Your business needs strict access management policies to protect crucial business accounts and data. With privileged access management, you can enhance your access control and reduce insider threats. You can also reduce the attack surface and credential theft in case of a data breach. It would be best to contact cybersecurity companies and let them help you!
