74% Of Data Breaches Start With Privileged Credential Abuse
A new Centrify survey shows that privileged access credential abuse is a major threat, yet organizations are doing a poor job in terms of managing privileged access and securing privileged credentials. That research found that 74% of data breaches involved privileged access credential abuse. However, less than half (48%) of those organizations are using a password vault; only 1 in 5 (21%) use multi-factor authentication (MFA) for privileged administrative accounts; and two-thirds (65%) regularly share credentials for privileged accounts.
As Centrify CEO Tim Steinkopf points out: “What’s alarming is that the survey reveals many organizations, armed with the knowledge that they have been breached before, are doing too little to secure privileged access. IT teams need to be taking their Privileged Access Management much more seriously, and prioritizing basic PAM strategies like vaults and MFA while reducing shared passwords.”