One of the biggest challenges businesses in Africa and globally are facing is identity-related breaches. Many of the cyberattacks that these businesses encounter are targeted at privileged accounts. Without an efficient cybersecurity system, your brand’s most sensitive data could be at risk.
Figures show that around one-quarter of all the victims of cybercrimes in the United Kingdom and the US are entrepreneurs or people in managerial positions. Also, about 45 percent of the data breaches experienced by businesses globally are hacking cases. Who gets hacked? Individuals with privileged accounts.
This information shows how important it is for businesses like yours to choose the right PAM solution. Let’s show five factors to consider when selecting a PAM solution for your business.
Defining PAM
PAM is an acronym for “Privileged Access Management.” PAM helps organizations monitor the privileged access to their high-tier systems. This way, they can ensure the security of their systems and the data stored within them. With this, organizations can control access to critical data and keep it away from cyber criminals.
When a firm like yours implements a PAM solution, you see those using your privileged accounts. It also shows you what each person does when they are logged in. This way, you can detect malicious and anomalous activities.
Factors to Consider When Choosing a PAM Solution for Your Business
Choosing the right PAM solution for your business or organization can be tricky. With so many solutions on the market, you must watch out for certain factors to ensure you pick the right solution. We have put together five factors to consider when choosing a PAM solution for your business below:
Comprehensive Security Features
The primary goal of a PAM system is to enhance your security posture. Look for a system with robust features like multi-factor authentication (MFA), session recording, and real-time monitoring. These features help prevent unauthorized access and provide an audit trail for compliance. Ensure the PAM solution can integrate seamlessly with your existing security infrastructure to create a unified defense mechanism.
Scalability and Flexibility
As your business grows, so do your security needs. A scalable PAM system can grow with your organization, accommodating more users, credentials, and resources without compromising performance. Flexibility is also crucial; the system should support various platforms and devices, adapting to your company’s changing technological environment.
Ease of Use and Deployment
A complex system can lead to configuration errors and reduced productivity. Opt for a PAM solution that is user-friendly and easy to deploy. It should have an intuitive interface that doesn’t require extensive training to understand. The easier it is for your IT team to manage the system, the more effectively they can secure privileged accounts.
Compliance and Reporting Capabilities
With the ever-increasing number of regulatory requirements, compliance has become a significant concern for businesses. Your chosen PAM should have comprehensive reporting capabilities that make it easy to demonstrate compliance with industry regulations like GDPR, HIPAA, or SOX. Look for customizable reports to provide insights into user behavior and system vulnerabilities.
Vendor Reputation and Support
Finally, consider the reputation of the PAM vendor. Research their track record, customer reviews, and support offerings. A vendor with a solid reputation will likely offer a reliable solution and stand behind their product with excellent customer service. Ensure they provide adequate support and training resources to assist your team in getting the most out of the PAM system.
PAM Solutions You Can Trust
Support Link Technologies is affiliated with two brands that provide reliable privileged access management solutions, BeyondTrust and ManageEngine. Over the years, both brands have proven to be trusted, and you can pick any to protect your brand. We can help you to choose the right one and set it up for your organization. Are you ready to get started? Please send us an email at info@supportlinktech.com.
Conclusion
With the high rate of cyber insecurity experienced by individuals, businesses, and organizations, investing in a PAM solution has become essential. Implementing a PAM solution can be time-consuming, expensive, and tricky. This is why we compiled five factors to consider when choosing a PAM solution for your business in this post. Visit our website to learn more.