Protecting against outside threats has been the basis of every security strategy since the first walls were built around a city. This also became the basis for early cybersecurity strategies with the focus on perimeter security. Unfortunately, it is usually the insider threat that has the most impact and causes the most damage.
Outsider Threats Get All The Publicity
There are literally hundreds of Hollywood movies that showcase the concerted efforts of outside hackers breaking into an organization’s IT infrastructure to steal something or cause damage. So, it goes without saying that everyone understands the basic premise of an outsider breaching the defenses of even the savviest chief information security officer’s (CISO) best strategy. We have written before about the numerous publicized breaches.
Insider Threats Have More Impact
Insiders know where the good stuff is without having to hunt for it. The annual Verizon Data Breach Report for 2019 shows that 34% of all breaches involved internal actors and according to Security Intelligence.com “The Average Cost of an Insider Threat Hits $8.7 Million.”
According to a Security Magazine article titled “Insider Threats: An Underestimated Risk”:
“Working to prevent insider cyber threats involves careful monitoring of the company’s network, seeing what information has been downloaded and determining whether information has been downloaded to external sites. The trick is to strike the right balance of monitoring and privacy to sustain some level of employee confidentiality. Usually, a clear policy of network monitoring helps alleviate any concerns; without such a policy, employees can react badly if they discover they are “being spied on”. And, there may even be some applicable parts of the GDPR and other regulations that limit the employer’s ability to monitor employees. But at the same time, the business should control its risks and limit the damages it would suffer from the insider threats as much as possible.
One of the best ways to defend against insider threats is to ensure that critical data has a chain of custody. This can be accomplished using an automated verification solution that monitors the storage and retrieval processes for anomalies and triggers alerts when unexpected or unauthorized operations are attempted. Implementing this kind of system would apply to critical customer data, design and business information and even to stored video surveillance footage.”
The best approach to this problem is a Privileged Access Management solution.
Privileged Access Management Revisited
Acceptto's Privileged Access Manager solution is designed to secure and audit all IT resources and assets with zero or minimal cost and operational hassle. It helps you stop and mitigate insider threats at inception.
Acceptto PAM platform provides 360 degrees insight into your privileged sessions in your corporate network without sacrificing the productivity of your users. Gain unprecedented visibility into all your remote privileged sessions while still keeping your administrators in control. No complex installation or operational overhead. With a single point of access into your corporate assets, you don’t have to radically change the way your administrators work, you empower them to do more by enhancing and augmenting the tools they use.
By employing a fine-grained and zero-trust RBAC approach to access control, the Acceptto PAM platform will make sure that your users are limited to just what they need, not what comes with underlying remote access protocol. Grant the right access level confidently using a simple and intuitive interface.
Download the Enterprise Management Associates’ Ten Priorities For Identity Management in 2019 today and then check out what Acceptto can do to ensure your employees, partners and customers can authenticate without passwords and still ensure security and privacy registering for a free demo today.