PRESS RELEASE
CHICAGO, Dec. 5, 2023 — Keeper Safety, the main supplier of zero-trust and zero-knowledge cybersecurity software program defending passwords, passkeys, privileged entry, secrets and techniques and distant connections, at the moment launched findings from its Keeper Safety Perception Report: Cloud-Based mostly Privileged Entry Administration. The report explores what IT and safety leaders are searching for in a Privileged Entry Administration (PAM) resolution and the advantages of shifting away from conventional, on-premises platforms. An awesome 82% of respondents stated they’d be higher off shifting their on-premises PAM resolution to the cloud, with solely 36% of IT leaders saying it is smart to have an on-premises PAM resolution within the present financial local weather.
Privileged Entry Administration is a non-negotiable crucial, however on-prem options create challenges
PAM options present unparalleled management over privileged consumer exercise, safeguarding towards unauthorized community entry and mitigating insider threats. But, conventional PAM options are overly complicated and costly, creating limitations to adoption. Based on current analysis from Keeper, 56% of IT leaders tried to deploy a PAM resolution however didn’t totally implement it, with 92% citing overly-complex options as the primary purpose.
“The complexity and excessive value of legacy on-prem PAM options create challenges for at the moment’s IT and safety professionals,” stated Craig Lurey, CTO and Co-founder of Keeper Safety. “But, securing privileged entry to accounts that defend delicate programs and knowledge is important. The shift towards cloud-based options, which are simpler to deploy, offers extra environment friendly and seamless cybersecurity protection with higher safety outcomes.”
IT leaders more and more search cloud-based options
As organizations proceed shifting to the cloud, searching for inexpensive, pervasive options, customers have grow to be much less tolerant of pricy, disparate safety instruments. Over half (60%) of organizations with on-premises PAM options say that PAM being on-prem retains them from reaching their targets. That is due, partially, to the truth that 85% of organizations require a devoted workers to handle and keep their on-premises PAM options– an unjustifiable expense as budgets tighten.
As a result of on-premises options are each antiquated and cost-prohibitive, the shift to cloud-based PAM options displays a strategic alignment with the evolving safety and budgetary calls for of at the moment’s organizations. That is mirrored in the truth that 82% of respondents stated they’d be higher off shifting their on-premises PAM resolution to the cloud and solely 36% of IT leaders say it is smart to have an on-premises PAM resolution within the present financial local weather. As macroeconomic pressures could tempt companies to chop again on safety budgets, inexpensive and easy-to-maintain platforms are important.
Cloud-based options present ease of use and heightened safety
As companies navigate digital transformation and evolving cybersecurity threats, the necessity for sturdy PAM options will increase. Shifting PAM to the cloud affords a heightened degree of safety by superior encryption, Multi-Issue Authentication (MFA) and steady monitoring.
The highest three advantages respondents search in a PAM resolution embody:
Defending towards compromise of privileged credentials by exterior risk actors (58%)
Managing and monitoring privileged consumer entry (58%)
Stopping knowledge breaches (48%)
Further advantages embody:
Maintaining privileged consumer entry up to date and stopping “privilege creep” (46%)
Defending towards unintended or deliberate misuse of privileged entry by firm insiders (47%)
Rising visibility and consciousness (43%)
Stopping phishing assaults (35%)
Whereas cloud service suppliers make investments closely in securing their infrastructure to offer a fortified surroundings, organizations ought to search options constructed on a zero-trust and zero-knowledge structure to ship the best ranges of safety, privateness and management over their knowledge. By embracing cloud-based PAM options, organizations can shore up their defenses in an period the place privileged entry administration is crucial.
Obtain the complete report to study extra.
Methodology
The report yielded responses from 400 IT and knowledge safety leaders in North America and Europe. An impartial analysis agency performed the survey in 2023.
