Keeper Security unveils challenges around privileged access management adoption

Keeper Security, a provider of cloud-based zero-trust and zero-knowledge cybersecurity software protecting passwords, secrets, connections and privileged access, has released insights about privileged access management (PAM) via its Privileged Access Management Survey: Deployment Amid Economic Uncertainty.

The report explores global insights from IT and security executives, revealing that while IT leaders consider PAM solutions critical to their security stack, cost constraints and complex solutions are impacting deployment. Fifty-six percent of respondents tried to deploy a PAM solution but did not fully implement it, and 92% cited overly-complex solutions as the main reason. More than half (58%) of IT teams have not deployed a PAM solution because traditional platforms are too expensive.

Those who have deployed PAM are pleased with it. More than nine in 10 (91%) IT leaders say their PAM product has given them more control over privileged user activity, decreasing the risk of insider and external breaches. Despite the benefits, nearly two-thirds of IT leaders (62%) revealed the downturn in economic conditions would likely cause them to scale back their current PAM platform.

“Organisations’ risk of data breaches and cyberattacks increases exponentially if they have not deployed a PAM solution,” said Darren Guccione, CEO and co-founder of Keeper Security.

“Most successful breaches involve stolen or compromised credentials and the escalation of privileges via lateral movement. Organisations need simple, affordable PAM solutions to stay ahead of cybercriminals. The industry must evolve, providing solutions that include the features modern IT leaders need.”

Survey respondents revealed the need for simpler solutions that are fast provisioning and easy to use, citing complexity as a reason for decreasing deployment:

- Fifty-six percent of respondents tried to deploy a PAM solution but didn’t fully implement it

- Ninety-two percent said they didn't because it was too complex to do efficiently

Keeper Security noted that PAM products are often complex to operate, and that few PAM solutions that are easy to deploy and maintain. It found that 85% of IT leaders have a dedicated staff to manage and maintain PAM.

Survey respondents indicated a strong desire for a smaller-scale PAM solution, citing the following top three benefits:

- Easier to manage/maintain (70%)

- Easier to integrate into existing tech stack (55%)

- Lower cost/not paying for features the organisation doesn’t need (44%)

When asked which functionalities are essential, the main PAM features respondents said are most frequently used by their organisations include:

- Two-factor authentication (62%)

- Role-based security (58%)

- Reporting/auditing (51%)

Explore

Download the report.

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