SailPoint
Acquires
Osirium

Ransomware attacks, used by criminals to damage and disrupt an organisation’s network, have become commonplace. Malicious software hijacks a computer, locking out users and encrypting files while the ‘bad actor’ demands a ransom payment. Osirium research suggests 79% of UK businesses have suffered such an attack.

Privileged account users can access some or all of their company’s most important sensitive data. Theft and abuse of these credentials can expose the company to attack, making them a prime target for hackers. An estimated 80% of security breaches involve administrator credentials.

There is a growing need to comply with a range of regulatory requirements and guidelines such as Cyber Essentials, NIS, DSPT and PCI DSS, with audits required for most organisations. Typically, the use of Privileged Accounts is a significant area of focus.

Cyber insurance can provide peace of mind that, if attacked, a business can cope with financial and reputational costs – and recover. But it’s becoming more difficult to obtain, with stringent requirements on security protocols and technology. Insurers now closely scrutinise privileged accounts when deciding to insure a business.