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BeyondTrust Survey Finds That More Than One Out of Four Organizations Have No Controls Over Privileged AccessBeyondTrust®, the global cyber security company dedicated to proactively eliminating data breaches from insider privilege abuse and external hacking attacks, today announced the results of its recently conducted survey, Privilege Gone Wild 2. Even though nearly half of the survey respondents admit they have employees with access rights not necessary to their current role, more than one out of four companies indicated they have no controls in place to manage privileged access. A recent report by a leading industry analyst firm shared that there are five key solution areas for privileged account management (PAM). However, according to the BeyondTrust survey, only 40 percent of respondents have deployed at least some of these capabilities enterprise-wide, with 30 percent having no solutions at all. With the number of threats that are possibly based on excessive privilege rights, such as the ability to steal credentials, the ease of access to sensitive data, and an increase in the harm that can be done by malicious insiders, companies must do a better job at protecting company assets. Privilege Gone Wild 2 Survey Key Takeaways: Privileged account management is viewed as a cross-functional need
The focus on PAM is increasing, but cost is a concern
The risk associated with privileged users is also increasing
Business-critical, tier-1 applications are at risk
"While several stats in this year's survey revealed the amount of work that needs to be done in the PAM space, it's encouraging to see the trend of organizations' security and IT ops teams willingness to work together to better manage the risks associated with excessive privileges," said Scott Lang, director of privilege strategies, BeyondTrust. "Therefore, we hope this growing partnership will mean a new interest in deploying and maintaining effective PAM solutions and policies." Read more findings from Privilege Gone Wild 2. The survey reflects responses from 728 IT decision makers including security managers, and network and systems engineers across a number of industries including financial services, manufacturing, and government, among others. The statistics in Privilege Gone Wild 2 highlight the gaping holes in PAM implementation strategies, the risk and added pressure on organizations to gain control over privileged account management, and the concern over cost of deployments. Only through end-to-end privileged account management capabilities delivered across every scenario, analytics that address the needs of operations and security teams alike, and a lower total cost of ownership will organizations close their privileged gaps. About BeyondTrust BeyondTrust is a global cyber security company dedicated to proactively eliminating data breaches from insider privilege abuse and external hacking attacks. Corporate and government organizations rely on BeyondTrust solutions to shrink attack surfaces and identify imminent threats. The company's integrated risk intelligence platform presents a unique competitive advantage in its ability to reveal critical risks hidden within volumes of user and system data. This unifies IT and Security departments, empowering them with the information and control they need to jointly prevent breaches, maintain compliance, and ensure business continuity. BeyondTrust's Privileged Account Management and Vulnerability Management solutions are trusted by 4,000 customers worldwide, including over 50% of the Fortune 100. To learn more about BeyondTrust, please visit www.beyondtrust.com. Follow BeyondTrust
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