Why Privileged Access Management is essential for cybersecurity

Privileged Access Management (PAM) is fundamental to cybersecurity strategies, monitoring and protecting privileged accounts that have the authority to make significant changes within IT environments. It plays a crucial role in safeguarding against internal and external security threats. Effective PAM strategies encompass enforcing the principle of least privilege, session management, password vaulting, and multi-factor authentication, all aimed at minimising the risk of unauthorised access and improving compliance with security regulations. PAM must be adaptable and integrate with Identity Access Management (IAM) for comprehensive access governance, tackling real-world applications and challenges, including emergency access scenarios, evolving IT infrastructures, and securing stakeholder buy-in for successful implementation.

PAM oversees privileged accounts, which hold the power to make sweeping changes, access sensitive data, and control critical systems. This requires stringent oversight. Effective management involves a sophisticated blend of control, visibility, and auditing to ensure only the right entities have the necessary elevated privileges, and only when needed. PAM acts as a shield against both external threats and internal oversights, guarding against the inherent risks privileged accounts pose.

Privileged accounts come in many forms, each carrying its own set of keys to various parts of an IT environment. From domain administrators to service accounts that hum quietly behind the scenes, these accounts represent a spectrum of privileged access that must be responsibly utilised and robustly protected. Admin accounts, for instance, wield extensive control, making them a primary target for attackers. Securing these accounts is not just about safeguarding the system’s integrity but also about protecting the data and operations that hinge on them.

Service accounts are the silent workhorses of the IT world, performing automated tasks that range from routine maintenance to complex operational workflows. Their machine-driven nature and extensive access render them potential security risks, particularly if not managed rigorously. Managing these accounts involves ensuring synchronisation of credentials and access rights across the entire system, preventing security gaps that could be exploited. Application accounts, critical for communication between applications and databases, must be secured with robust credential management practices to prevent disruptions and security breaches.

IoT devices introduce a new dimension to privileged access management. These devices often operate with privileges that must be managed with as much caution as traditional IT systems. The sheer number of these devices, coupled with the diverse environments they operate in, presents a profound challenge for PAM. Many IoT devices are designed with convenience in mind, often at the expense of robust security features, making them particularly vulnerable. PAM solutions need to adapt to the distinct needs of IoT devices, ensuring their effective security, monitoring, and control.

Remote access has emerged as a cornerstone of business operations in today’s globally connected era. PAM solutions act as secure access gateways, managing remote traffic and eliminating the vulnerabilities of direct connections. Modern PAM systems offer features such as web-based remote sessions that rely on HTML 5 compatible browsers, a culture of employee education on strong passwords, and the use of multi-factor authentication, forming a robust strategy for secure systems and mitigating security risks.

Three fundamental pillars underpin PAM security: reinforcement of the principle of least privilege, management of privileged sessions, and incorporation of multi-factor authentication. These pillars uphold a balance between operational needs and cybersecurity measures required to protect critical systems. As Zero Trust policies, necessitating constant identity and device verification, gain traction, PAM security has become crucial for an organisation’s security stance. The principle of least privilege restricts access rights to the bare minimum necessary for authorised activities, reducing the attack surface and minimising the risk of unauthorised access.

Session management is critical, providing real-time oversight and the ability to address suspicious activities as they occur. This includes recording privileged sessions, excluding passwords, which is vital for both security and compliance purposes. Multi-factor authentication (MFA) bolsters PAM by requiring multiple forms of verification, ensuring that privileged user identities are authenticated accurately and reliably.

Thwarting credential theft is a key objective of PAM. By safeguarding privileged credentials in a secure vault and managing password rotation, PAM systems ensure that authentication for privileged accounts is properly conducted. Integrating PAM with IAM enhances an organisation’s defences by unifying governance processes, streamlining the request, provision, and attestation for both privileged and standard user access.

Perfecting a PAM strategy demands commitment to best practices, including adopting a comprehensive privilege management policy, using automation to streamline access protocols and manage password vaults, and regularly updating the policy to maintain best practices and compliance. Regular security audits are also critical, helping to assess effectiveness, identify improvement areas, and track user activity for potential breaches and audit evidence.

Implementing PAM comes with challenges, such as integrating PAM systems with legacy infrastructure and securing stakeholder buy-in. Overcoming resistance to change and lack of awareness within the organisation is crucial for the success of PAM implementations. PAM plays a crucial role in fostering audit-friendly environments that enhance an organisation’s risk management strategy. Effective PAM solutions come equipped with extensive session recording tools, capturing command-line activities and video in a searchable format, invaluable for audit and compliance requirements.

To navigate the complex digital landscape, organisations must wield Privileged Access Management (PAM) as a strategic shield, protecting their most valuable digital assets. From the granular control of admin accounts to the specialised management of IoT devices, PAM stands as the guardian against cyber threats. By integrating PAM with IAM, enforcing the principle of least privilege, and optimising session management, companies can solidify their defences while meeting stringent compliance mandates. Armed with the knowledge of PAM’s multifaceted capabilities, organisations are better equipped to secure their digital fortresses in this ever-evolving cyber era.

Tern plc (LON:TERN) backs exciting, high growth IoT innovators in Europe. They provide support and create a genuinely collaborative environment for talented, well-motivated teams. Device Authority is focused on securing connected device ecosystems and is recognized as the global leader in Device Identity Lifecycle Management and Identity and Access Management (IAM) for the Internet of Things (IoT).

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Tern plc

More articles like this

Tern plc

Transforming healthcare marketing with AI solutions

Understanding the preferences, trends, and experiences of both patients and healthcare professionals (HCPs) is key to developing effective healthcare marketing strategies. However, the challenge of managing unstructured data remains significant, especially with the reliance on traditional

Tern plc

Tern to host online presentation and Q&A for IoT investors

Tern Plc (LON:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things technology businesses, has announced that the Company will be hosting an online presentation and Q&A session at 5.30 p.m. GMT on Thursday 9

Tern plc

Tern raises £400,000 through AIM placing for IoT investments

Tern Plc (LON:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things technology businesses, has announced that it has raised £400,000, before expenses, through a placing of 30,769,231 new ordinary shares of 0.02p each

Tern plc

Cybersecurity in connected vehicles

The automotive industry is undergoing a digital transformation, facing new cybersecurity challenges as vehicles become more connected.

Tern plc

Securing the future of IoT with proactive measures

Trend Micro’s latest report on the Water Barghest threat actor reveals a significant challenge in the IoT ecosystem: the widespread lack of security in many connected devices. This incident, involving the rapid compromise of over 20,000

Tern plc

Unlocking healthcare marketing success with AI insights

Reaching the right audience in today’s healthcare sector is more important than ever, yet traditional methods often fail to provide the depth of understanding required for impactful messaging. AI tools are changing this dynamic, with 79%

Tern plc

Maximising ROI in healthcare marketing with advanced AI solutions

In healthcare marketing, reaching the right audience—whether patients or healthcare providers (HCPs)—is more important than ever. Traditional marketing methods often fail to deliver the nuanced insights necessary for effective messaging. This is where artificial intelligence (AI)

Tern plc

AI in healthcare and the importance of ethical governance

Artificial intelligence is quickly transforming industries, bringing innovation and reshaping business practices. However, with its rapid growth comes a need for responsible oversight to ensure AI is used ethically and responsibly. AI’s adoption poses distinct challenges

Tern plc

Understanding Privileged Access Management and its role in cybersecurity

Privileged Access Management (PAM) is an essential approach to safeguarding privileged accounts—those with elevated permissions enabling high-level actions within an organisation’s IT systems. These accounts provide access to sensitive data and critical systems, making them prime

Tern plc

Emerging trends in IoT shaping industry with AI integration

The Internet of Things (IoT) has expanded rapidly, with connected devices influencing many aspects of our lives. This interconnected landscape is set to grow even further, with global investment in IoT anticipated to surpass $1 trillion

Tern plc

Transforming Ophthalmic education with VR training

The American Academy of Ophthalmology, in collaboration with the immersive training company FundamentalVR, has introduced a new initiative, the Academy’s VR Education program. This programme aims to revolutionise ophthalmic education and surgical training through the use

Tern plc

Strengthening cybersecurity compliance: Understanding the impact of NIS2

As digital transformation accelerates, cybersecurity risks grow in parallel, particularly for organisations managing critical infrastructure and sensitive data. The European Union (EU) has responded to these emerging challenges by updating its cybersecurity regulations with NIS2 (Network