Privilege Account Management: The Next Killer App in The Cloud
With analysts predicting 30 percent of Privileged Account Management (PAM) security purchases running in the Cloud by 2019—up from 5 percent today—organizations must give careful consideration to their deployment options including Cloud, on premise and hybrid solutions.
Privileged accounts are prime targets for hackers and malicious insiders. Once hijacked, privileged accounts give attackers the ability to access and download an organization’s most sensitive data, disrupt business operations, create additional user and privileged accounts and distribute malware. According to the most recent Verizon Data Breach Incident Report, 63 percent of all cyberattacks now involve weak or stolen passwords. As a result, no organization can afford to ignore implementing privileged account management security solutions to protect critical information assets
As one of the most innovative PAM security solutions providers today, Thycotic, based in Washington DC with offices in Europe, has just introduced Secret Server Cloud. Here’s why Thycotic Secret Server Cloud can be considered the next killer-app in PAM security for the Cloud services marketplace.
Privileged accounts represent one of the most vulnerable aspects of an organization’s IT infrastructure. Yet, until recently, they did not get the attention they deserve from both a security and IT management perspective. “Hiding in plain sight,” privileged accounts are literally everywhere across the organization, providing users with high levels of access, or “privileged” access, to IT systems, applications and data. Privileged accounts are used by systems administrators to deploy and maintain IT systems and they exist in nearly every connected device, including; servers, databases and applications.
With the increasing complexity of IT infrastructures, the number of privileged accounts has grown exponentially. Today, organizations can typically have four to five times more privileged accounts than employees. The challenge in managing and securing these accounts is intensified by the growing adoption of new technologies, such as cloud computing, virtualization, and mobile.
Thycotic, a leading provider of privileged account management solutions for more than 7,500 organizations worldwide, is now delivering its flagship Secret Server PAM security product (ranked #18 on the Cybersecurity Ventures 500) via the Cloud. This represents the PAM industry’s first comprehensive cloud-based privileged account management solution available and affordable for small, medium and large businesses. Secret Server Cloud is engineered to keep organizations’ most valued assets protected in the cloud by enabling organizations to discover, manage and protect their privileged accounts wherever they may reside.
Thanks to the introduction of Thycotic Secret Server Cloud, the global success of the Secret Server on premise security is now available as an affordable, fast, and maintenance free PAM solution. As most organizations begin to recognize the Cloud’s full potential, Secret Server Cloud represents a game changer in the PAM security marketplace
For the complete report, go to: https://thycotic.com/wp-content/uploads/2013/03/Cybersecurity-Ventures-Next-Killer-App_Thycotic-.pdf