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-Primarily based Privileged Entry Administration. The report explores what IT and safety leaders are looking for in a Privileged Entry Administration (PAM) resolution and the advantages of shifting away from conventional, on-premises platforms. An amazing 82% of respondents mentioned they’d be higher off shifting their on-premises PAM resolution to the cloud, with solely 36% of IT leaders saying it is sensible 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 in opposition to unauthorized community entry and mitigating insider threats. But, conventional PAM options are overly complicated and costly, creating boundaries to adoption. In response to current analysis from Keeper, 56% of IT leaders tried to deploy a PAM resolution however didn’t absolutely implement it, with 92% citing overly-complex options as the principle purpose.
“The complexity and excessive price of legacy on-prem PAM options create challenges for at the moment’s IT and safety professionals,” mentioned Craig Lurey, CTO and Co-founder of Keeper Safety. “But, securing privileged entry to accounts that shield delicate programs and information is crucial. The shift towards cloud-based options, which might be 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, looking for reasonably priced, pervasive options, customers have develop into much less tolerant of high-priced, disparate safety instruments. Over half (60%) of organizations with on-premises PAM options say that PAM being on-prem retains them from reaching their objectives. That is due, partly, 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 mentioned they’d be higher off shifting their on-premises PAM resolution to the cloud and solely 36% of IT leaders say it is sensible to have an on-premises PAM resolution within the present financial local weather. As macroeconomic pressures might tempt companies to chop again on safety budgets, reasonably priced and easy-to-maintain platforms are crucial.
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 provides a heightened stage of safety by superior encryption, Multi-Issue Authentication (MFA) and steady monitoring.
The highest three advantages respondents search in a PAM resolution embrace:
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Defending in opposition to compromise of privileged credentials by exterior menace actors (58%)
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Managing and monitoring privileged consumer entry (58%)
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Stopping information breaches (48%)
Further advantages embrace:
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Maintaining privileged consumer entry up to date and stopping “privilege creep” (46%)
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Defending in opposition to unintended or deliberate misuse of privileged entry by firm insiders (47%)
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Rising visibility and consciousness (43%)
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Stopping phishing assaults (35%)
Whereas cloud service suppliers make investments closely in securing their infrastructure to supply a fortified setting, organizations ought to search options constructed on a zero-trust and zero-knowledge structure to ship the very best ranges of safety, privateness and management over their information. By embracing cloud-based PAM options, organizations can shore up their defenses in an period the place privileged entry administration is crucial.
Obtain the total report to study extra.
Methodology
The report yielded responses from 400 IT and information safety leaders in North America and Europe. An impartial analysis agency performed the survey in 2023.
