PRESS RELEASE. CHICAGO, Dec. 5, 2023 - Keeper Security, the leading provider of zero-trust and zero-knowledge cybersecurity software protecting passwords, passkeys, privileged access, secrets and remote connections, today released findings from its Keeper Security Insight Report: Cloud-Based Privileged Access Management.
The report explores what IT and security leaders are seeking in a Privileged Access Management solution and the benefits of moving away from traditional, on-premises platforms.
An overwhelming 82% of respondents said they would be better off moving their on-premises PAM solution to the cloud, with only 36% of IT leaders saying it makes sense to have an on-premises PAM solution in the current economic climate.
Privileged Access Management is a non-negotiable imperative, but on-prem solutions create challenges.
PAM solutions provide unparalleled control over privileged user activity, safeguarding against unauthorized network access and mitigating insider threats.
Traditional PAM solutions are overly complex and expensive, creating barriers to adoption.
According to recent research from Keeper, 56% of IT leaders tried to deploy a PAM solution but did not fully implement it, with 92% citing overly-complex solutions as the main reason.
As organizations continue shifting to the cloud, seeking affordable, pervasive solutions, users have become less tolerant of expensive, disparate security tools.
Over half of organizations with on-premises PAM solutions say that PAM being on-prem keeps them from reaching their goals.
Because on-premises solutions are both antiquated and cost-prohibitive, the shift to cloud-based PAM solutions reflects a strategic alignment with the evolving security and budgetary demands of today's organizations.
This is reflected in the fact that 82% of respondents said they would be better off moving their on-premises PAM solution to the cloud and only 36% of IT leaders say it makes sense to have an on-premises PAM solution in the current economic climate.
As macroeconomic pressures may tempt businesses to cut back on security budgets, affordable and easy-to-maintain platforms are critical.
Cloud-based solutions provide ease of use and heightened security.
As businesses navigate digital transformation and evolving cybersecurity threats, the need for robust PAM solutions increases.
Moving PAM to the cloud offers a heightened level of security through advanced encryption, Multi-Factor Authentication and continuous monitoring.
Protecting against compromise of privileged credentials by external threat actors.
Protecting against accidental or deliberate misuse of privileged access by company insiders.
While cloud service providers invest heavily in securing their infrastructure to provide a fortified environment, organizations should seek solutions built on a zero-trust and zero-knowledge architecture to deliver the highest levels of security, privacy and control over their data.
By embracing cloud-based PAM solutions, organizations can shore up their defenses in an era where privileged access management is imperative.
MethodologyThe report yielded responses from 400 IT and data security leaders in North America and Europe.
This Cyber News was published on www.darkreading.com. Publication date: Tue, 05 Dec 2023 23:55:07 +0000