Password Vaults Alone Not Enough to Stop Data Breaches

Centrify

Centrify, the leader in securing hybrid enterprises through the power of identity services, has announced significant enhancements to its best-in-class privileged identity management (PIM) solution to stop breaches that abuse privilege. By minimizing the attack surface and controlling privileged access to the hybrid enterprise, Centrify’s new capabilities enable organizations to move from static, long-lived privilege assignments to a just-in-time model where advanced monitoring detects and alerts in real-time on the creation of backdoor accounts that make it easy to bypass a password vault.

Securing privileged access in today’s hybrid enterprise is mandatory in achieving a mature risk posture.  According to the The Forrester Wave™: Privileged Identity Management, Q3 2016, 80 percent of breaches leverage privileged credentials to gain access to the organization. The increasingly hybrid nature of infrastructure, driven by the adoption of cloud-based workloads, is driving the need to secure privileged access across on-premises, private-cloud and public cloud infrastructure and apps with a single solution. And while most PIM solutions have traditionally focused on vaulting the credentials for shared accounts on-premises, password vaults alone do not provide the level of privileged access security required to stop the breach.

“Data breaches are happening at an alarming rate and to stop them Centrify is taking a unique approach to controlling privileged access in the hybrid enterprise that simplifies the implementation of PIM best practices and strengthens an organization’s risk posture,” said Kamel Heus, regional manager – MEA, Centrify.

“By contrast, password vaults alone are not enough, best practices require organizations add and integrate point products to the vault, which leaves gaps in security and increases risk. We’ve closed those gaps with an integrated solution that combines password vaulting with brokering of identities, MFA enforcement and just-enough privilege, all while securing remote access and monitoring all privileged sessions,” he added.

Only a Full PIM Solution Can Stop the Breach

A recent Forrester study examined four levels of Identity Access Management (IAM) maturity. It found a direct correlation between the number of PIM best practices an organization has implemented and the number of security incidents it encounters. Centrify’s new PIM capabilities enable these best practices, adding to Centrify’s already comprehensive set of integrated services that help organizations increase their IAM maturity level and security posture. The system help Establish Identity Assurance, Limit Lateral Movement, Institute Least Privilege, and Monitor Privileged Use.

According to the Forrester study, organizations that reach the highest levels on the maturity scale are 50 percent less likely to have a breach. In addition, these organizations save 40 percent in security costs over their less mature counterparts, and spend $5 million less in breach costs.

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