What to do when the boss won't budget for Privileged Access Management (PAM)

Research shows that unmanaged, unmonitored privileged accounts make up 80% of security breaches*, and with 73% of cyber breaches being financially motivated**, you can be sure that the cost to your business, beyond reputational damage and fines, is set to be disastrous. And yet some organisational decision-makers continue to fail to allocate resource to PAM solutions…

What would a data breach cost your business?

You only have to take a look at recent data breaches to see how unmanaged, unmonitored privileged accounts are proving an easy target for both external attacks and malicious insiders. But how seriously should you be taking the threat? Ponemon estimate the global average cost of a data breach in 2017 to be $3.62 million, with the average cost for each lost or stolen record containing sensitive and confidential information to be $141***. Making matters more pressing are reporting larger breaches, with the average size of 2017 data breaches increasing 1.8 percent to more than 24,000 records***.

If your business still isn’t convinced about the scale of the issue, take a look at IBM Security’s data breach calculator, which uses data to allow you to estimate the cost of a data breach to your company, dependent on your geography, sector and contextual factors.

PAM Express

As an early Christmas present, we are proud to announce the launch of our new free-of-charge product PAM Express. PAM Express is a costless, scaled down version of Osirium PAM, designed to provide PAM to businesses with up to 10 servers or network devices, or larger businesses seeking to convince their management teams of the value PAM can bring.

PAM Express solution ensures that privileged account credentials never exist on the users’ workstation, making interception an impossibility; addressing both security and compliance requirements by defining who gets access to what and when. You don’t need to make any changes to your existing IT infrastructure, as PAM Express can improve your security posture effortlessly by using what you already have installed.

We chose Osirium's PAM Express solution to remove the risk of our privileged accounts being compromised both internally and by potential external threats.

The value of cost-free PAM

Deployment of PAM Express is exceptionally quick, with hassle-free installation taking less than 8 minutes to complete on a typical large-scale infrastructure. Should you have any issues, you can contact our support team free of charge. PAM Express allows you to immediately import up to 10 servers or network devices across your IT estate, and if and when you choose to upgrade to Osirium PAM further down the line, you can keep these 10 servers or network devices comprehensively covered – at no additional cost. Additionally, the perpetual licensing means that license renewals are a thing of the past. From the moment you import your devices you are covered – forever, removing one of IT’s biggest compliance headaches.

So take the next step and register for PAM Express today, or download the PAM Express data sheet for a full technical breakdown, including system requirements.

*Forrester, Wave report on Privileged Access Management
** Verizon, 2017 Data Breach Investigations Report
***Ponemon Institute’s 2017 Cost of Data Breach Study: Global Overview

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