Privileged Access Management (PAM) Statistics


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Privileged Access Management (Pam) Statistics 2023: Facts about Privileged Access Management (Pam) outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Privileged Access Management (Pam), and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Privileged Access Management (Pam) Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 26 Privileged Access Management (Pam) Statistics on this page 🙂

Privileged Access Management (Pam) “Latest” Statistics

  • By 2023, at least 99% of cloud security failures will be the responsibility of the client, with 50% of problems attributable to insufficient access identification and privileged management.[1]
  • According to industry researchers, compromised privileged accounts are responsible for up to 80% of all security breaches.[1]
  • Phishing attempts have increased by 25% since 2020 in association to the remote work shift, and security risks for web application breaches including the misuse of user credentials have increased by 90%.[2]
  • There is a shift in remote access and security with the current changes adopted by the global pandemic, where 82% of company leaders begin to adopt remote work.[2]
  • By 2022, 70% of organizations will have PAM practices for all use cases in the enterprise, reducing the overall risk surface.[3]
  • According to Gartner, 50% of enterprises will implement the Just-in-Time privileged access model by 2024, a practice that will let human identities, as well as non-human ones to benefit from elevated access only in case of necessity.[3]
  • According to Gartner, 65% of the companies that make use of features like privileged task automation will save money on staff costs for IT ops, raising up to 40%.[3]
  • Malware is present in 51% of breaches, and malicious email attachments provide 66% of the malware involved.[4]
  • More than 20% of companies fail to change well known default passwords such as “admin” and “12345.”[4]
  • According to industry researchers, user and privileged account credentials are stolen in up to 80% of all security breaches, and the majority of hacked systems lie unnoticed for more than 200 days.[4]
  • In 51% of situations, criminal groups provide a danger to corporations, compared to 18% of cases when state sponsored actors pose the threat.[4]
  • Approximately 88% of data breaches, according to a recent Stanford University analysis, are the result of human mistake.[5]
  • 80% of breaches, according to Verizon’s 2021 data breach investigations report, include compromised credentials.[5]
  • According to Forrester research, privileged credentials are involved in 80% of security breaches.[6]
  • By eliminating admin access starting in 2020, 75% of critical Microsoft vulnerabilities may have been avoided.[6]
  • About 10% of sophisticated attacks use privileged credentials to access a target’s most sensitive data, apps, and infrastructure.[7]
  • At least 80% of data breaches are linked to the theft of privileged credentials, such as tokens or passwords, according to the The Forrester Wave™: Privileged Identity Management, Q4 2018.[8]
  • According to a poll cited by Louis Columbus in a Forbes article, 74% of firms feel that data breaches are due to the misuse of privileged access credentials.[8]
  • Compared to 26% of respondents from the US, 44% of UK respondents had negative opinions on privileged access management.[9]
  • 45% of companies are not using privileged access restrictions to secure workloads in public and private clouds.[9]
  • 68% of network equipment, such as hubs, switches, and routers, are not secured with privileged access restrictions.[9]
  • Just 37% of respondents’ firms can disable privileged access for a departing employee after only one day, leaving a large exposure point that may still be used for harm.[9]
  • Privileged access management is only used by 35% of US firms and 30% of UK enterprises to control partner access to privileged infrastructure and credentials.[9]
  • Compared to 65% in the US, just 36% of UK firms are extremely confidence in their company’s existing IT security software solutions.[9]
  • Tesla stock prices to drop by over 6% because of leaked sensitive data.[10]
  • According to a Forrester analysis, privileged credentials were used in almost 80% of reported data breaches.[11]

Also Read

How Useful is Privileged Access Management Pam

One of the key benefits of PAM is the ability to enforce the principle of least privilege. This principle dictates that every user should only have access to the minimum amount of resources necessary to perform their job functions. By implementing PAM, organizations can effectively limit access to privileged accounts and credentials, ensuring that users cannot abuse their permissions or accidentally compromise sensitive data.

Furthermore, PAM solutions enable organizations to centrally manage and monitor access privileges across their entire network. This centralized approach simplifies the process of granting and revoking access, as well as streamlining the auditing and reporting of user activities. This level of oversight not only helps organizations maintain compliance with regulatory requirements but also enhances their ability to detect and respond to suspicious activity in real-time.

Moreover, PAM provides an extra layer of protection against credential theft and misuse. With the increasing sophistication of cyber attacks, organizations cannot rely solely on passwords or basic access controls to safeguard their privileged accounts. PAM solutions utilize advanced authentication methods, such as multi-factor authentication and biometrics, to verify the identity of users before granting access. This significantly reduces the risk of attackers gaining unauthorized entry to critical systems through compromised credentials.

Another advantage of PAM is its ability to address the human factor in security breaches. Insider threats, whether intentional or accidental, continue to pose a significant risk to organizations. PAM solutions help mitigate this risk by providing real-time monitoring of user activity, allowing organizations to identify and respond to suspicious behavior before it results in a breach. Additionally, PAM can enforce session recording and keystroke logging, providing a detailed audit trail of user actions for investigation purposes.

In conclusion, Privileged Access Management is a vital component of a comprehensive cybersecurity strategy. As organizations face escalating cyber threats and regulatory pressures, PAM offers a proactive approach to securing their most critical assets. By implementing PAM solutions, organizations can enforce the principle of least privilege, centrally manage access privileges, mitigate the risk of credential theft, and address insider threats effectively. While no security solution is foolproof, PAM represents a significant step towards enhancing the security posture of organizations in an increasingly volatile cyber landscape.

Reference

  1. delinea – https://delinea.com/what-is/privileged-access-management-pam
  2. fudosecurity – https://fudosecurity.com/fudo-pam/
  3. heimdalsecurity – https://heimdalsecurity.com/blog/privileged-access-management-pam/
  4. identitymanagementinstitute – https://identitymanagementinstitute.org/privileged-account-management-pam/
  5. saviynt – https://saviynt.com/the-3-ms-of-privileged-access-management/
  6. beyondtrust – https://www.beyondtrust.com/resources/glossary/privileged-access-management-pam
  7. cyberark – https://www.cyberark.com/what-is/privileged-access-management/
  8. ekransystem – https://www.ekransystem.com/en/blog/PAM-vs-PUM
  9. forbes – https://www.forbes.com/sites/louiscolumbus/2019/02/26/74-of-data-breaches-start-with-privileged-credential-abuse/
  10. lepide – https://www.lepide.com/blog/how-data-access-governance-compliments-privileged-access-management/
  11. spiceworks – https://www.spiceworks.com/it-security/identity-access-management/articles/what-is-privileged-access-management/

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