Loading, Please Wait...
Tweet This: @BeyondTrust’s Privileged Access Threat Report reveals that 64% of businesses have suffered an insider breach, and 62% due to third-party access: https://bit.ly/2EN1pVM #cybersecurity
ATLANTA, June 05, 2019 (GLOBE NEWSWIRE) -- Infosecurity Europe – BeyondTrust, the worldwide leader in Privileged Access Management, today launched the 2019 Privileged Access Threat Report. In its fourth edition, the global survey explores the visibility, control, and management that IT organizations in the U.S., APAC, Europe and the Middle East have over employees, contractors, and third-party vendors with privileged access to their IT networks. According to the report, 64% believe they’ve likely had either a direct or indirect breach due to misused or abused employee access in the last 12 months, and 62% believe they’ve had a breach due to compromised vendor access.
Poor security hygiene by employees continues to be a challenge for most organizations. Writing down passwords, for example, was cited as a problem by 60% of organizations, while colleagues telling each other passwords was also an issue for 58% of organizations in 2019, which is steadily on the rise from 2018’s statistics. The report also highlighted regional differences, with only 20% of UK businesses expressing worries about employees downloading data onto a memory stick in the UK, while 42% see this as an issue in APAC.
Ultimately, 71% of organizations agree that they would be more secure if they restricted employee device access. However, this isn’t usually realistic, let alone conducive to productivity.
“Both internal employees and third-party vendors need privileged access to be able to do their jobs effectively, but need this access granted in a way that doesn’t compromise security or impede productivity,” commented Morey Haber, CTO & CISO of BeyondTrust. “In the face of growing threats, there has never been a greater need to implement organization-wide strategies and solutions to manage and control privileged access in a way that fits the needs of the user.”
The businesses surveyed reported an average of 182 vendors logging in to their systems every week. At organizations with 5,000+ employees, 23% say they have more than 500 vendors logging in regularly, highlighting the sheer scope of the risk exposure. This year’s report uncovered that trust in vendor access is now lower than trust in employee access, with only one in four saying they completely trust vendors, in comparison to 37% of employees. This is a stark comparison to last year’s report, where 72% of businesses admitted that they have cultures that are too trusting of third parties. In an age where data breaches have immense financial and reputational implications for businesses, it’s a positive step that these organizations are now assessing the level of trust they place in their third-party vendors.
The report also delves into the threats posed by emerging technologies. The risks associated with the Internet of Things (IoT) posed a big concern for the professionals surveyed, with the visibility of logins from IoT devices revealed as the most pressing issue. Three quarters (76%) are confident they know how many IoT devices are accessing their systems, while four in five are confident they know how many individual logins can be attributed to these devices. At the same time, 57% of security decision makers perceive at least a moderate risk from Bring Your Own Device (BYOD) policies.
The report did show that some organizations are managing these risks with a Privileged Access Management (PAM) solution. From the research, these same organizations experience less severe security breaches and have better visibility and control than those who use manual solutions or no solution at all. In fact, 90% of those with fully integrated PAM tools are confident they can identify specific threats from employees with privileged access.
“As the vendor ecosystem grows, the threat landscape evolves and users should be granted specific role-based privileges. Organizations need to accept that the way to mitigate risks is by managing privileged accounts through integrated technology and automated processes that not only save time, but also provide visibility across the environment,” Haber added. “By implementing cybersecurity policies and solutions that also speed business efficiency, versus putting roadblocks in users’ way, organizations can begin to seriously tackle the privileged access problem.”
1006 key decision makers with visibility over the processes associated with enabling internal users and external parties to connect to their systems completed a survey in April 2019. Those surveyed were all IT professionals across operations, IT support/helpdesk, IT security, compliance and risk or network/general IT roles. Respondents were from a range of industries, including manufacturing, finance, professional services, retail, healthcare, telecoms and the public sector. Working with Loudhouse, an independent research agency, the survey was conducted across the USA, EMEA and APAC.
The Privileged Access Threat Report was released this week at Infosecurity Europe in London, UK, where BeyondTrust is exhibiting at stand E80. The report is available for download at https://www.beyondtrust.com/resources/whitepapers/privileged-access-threat-report .
BeyondTrust is the worldwide leader in Privileged Access Management, offering the most seamless approach to preventing data breaches related to stolen credentials, misused privileges, and compromised remote access. Our extensible platform empowers organizations to easily scale privilege security as threats evolve across endpoint, server, cloud, DevOps, and network device environments. BeyondTrust unifies the industry’s broadest set of privileged access capabilities with centralized management, reporting, and analytics, enabling leaders to take decisive and informed actions to defeat attackers. Our holistic platform stands out for its flexible design that simplifies integrations, enhances user productivity, and maximizes IT and security investments. BeyondTrust gives organizations the visibility and control they need to reduce risk, achieve compliance objectives, and boost operational performance. We are trusted by 20,000 customers, including half of the Fortune 100, and a global partner network. Learn more at www.beyondtrust.com.
Connect Marketing for BeyondTrust
P: (801) 373-7888