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 advantages of PAM is its ability to restrict access to critical systems and data, thus reducing the risk of external breaches and insider threats. By implementing PAM, organizations can control who has access to what information, enforcing the principle of least privilege. This means that employees only have access to the data and systems that are necessary for their roles, minimizing the potential for accidental or intentional data breaches.

Furthermore, PAM enhances overall security posture by providing visibility into privileged access activities. With detailed audit logs and monitoring capabilities, organizations can track which users are accessing sensitive data, when they are doing so, and what actions they are performing. This level of transparency not only deters malicious actors but also helps organizations detect and respond to any potential security incidents in a timely manner.

In addition to bolstering security, PAM can also streamline IT operations and enhance productivity within organizations. By automating the management of privileged accounts, PAM reduces the burden on IT teams, freeing them up to focus on more strategic initiatives. Password rotation, session monitoring, and access request workflows are just a few examples of tasks that can be automated through PAM, increasing efficiency and reducing human error.

Moreover, PAM can help organizations achieve regulatory compliance by enforcing strict access control policies and maintaining audit trails of privileged access activities. With an increasing number of regulations governing the protection of sensitive data, compliance with industry standards such as GDPR, HIPAA, and PCI DSS has become non-negotiable. PAM provides organizations with the tools they need to meet these requirements and avoid costly fines for non-compliance.

Despite the numerous benefits of PAM, organizations must approach its implementation with caution. An improperly configured PAM solution can actually introduce security vulnerabilities rather than mitigating them. It is essential for organizations to undergo thorough planning and analysis before deploying PAM to ensure that it aligns with their unique security requirements and workflows.

Furthermore, organizations must also prioritize the education and training of employees on the importance of PAM and cybersecurity best practices in general. Human error remains a significant factor in security breaches, and even the most robust cybersecurity tools cannot fully protect against careless or uninformed actions by employees.

In conclusion, PAM is undoubtedly a valuable tool for enhancing cybersecurity, improving operational efficiency, and ensuring compliance with regulatory standards. However, its effectiveness ultimately depends on how well it is implemented, maintained, and integrated into an organization’s existing security infrastructure. With the right approach, PAM can serve as a critical line of defense in safeguarding sensitive data and mitigating the risks of cyber threats.

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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