Privileged Access Management (PAM) is a top priority for Information Security and ranks highly in estimated security spending growth through 2021. This is excellent news, as it confirms an acute focus on managing access to privileged account passwords. However, as the saying goes, you’re only as strong as your weakest link. Password reconciliation may well be a weak link that threatens to undermine your PAM security efforts and expose you to unnecessary risk.
Password vaults are a core component of any PAM strategy. Along with privilege elevation, they help organizations like yours avoid privileged credential abuse, which accounts for around 80% of breaches.
Unfortunately, vault deployments are often knee-jerk reactions to audit findings that demand more robust security for privileged accounts. Organizations often ignore or are simply unaware of the incremental value beyond this core password containment benefit.
This paper focuses on one specific area of value. Referred to as password reconciliation, it provides some significant benefits to the business:
- Reduced risk;
- Increased system, application, and service availability; and
- Increased vault integrity.