Privileged Access Management (PAM) Statistics


Steve Bennett
Steve Bennett
Business Formation Expert
Steve runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

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 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Privileged Access Management (Pam) Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

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 main benefits of PAM is the ability to provide organizations with granular control over who has access to privileged accounts and systems. By implementing PAM solutions, organizations can ensure that only authorized users are able to access sensitive information, reducing the risk of data breaches or cyberattacks.

Additionally, PAM helps organizations to monitor and audit privileged access, allowing them to track all activities performed by users with elevated privileges. This level of visibility is essential for maintaining compliance with regulatory requirements and ensuring that organizations can quickly identify and respond to any suspicious activities or unauthorized access attempts.

Furthermore, PAM solutions often include features such as session recording and keystroke logging, which can be valuable tools for forensic analysis in the event of a security incident. By capturing detailed information about user activities, organizations can better understand the scope of a breach and take appropriate measures to contain and mitigate the impact.

Another key advantage of PAM is its role in reducing the risk of insider threats. By implementing strict access controls and least privilege policies, organizations can limit the potential for malicious insiders to abuse their privileges and exploit vulnerabilities within the network. This proactive approach can help organizations to prevent insider threats before they occur, rather than reacting after the damage has been done.

Moreover, PAM can also help organizations to streamline and automate their access management processes, improving operational efficiency and reducing the burden on IT teams. By implementing centralized access controls and automated workflows, organizations can ensure that privileged access is granted and revoked in a timely manner, without the need for manual intervention and potential errors.

Overall, the usefulness of PAM in today’s cybersecurity landscape cannot be understated. As organizations face increasingly sophisticated cyber threats and regulatory pressures, the need for robust privileged access management solutions is more important than ever. By implementing PAM, organizations can strengthen their security posture, enhance their compliance efforts, and reduce the risk of data breaches and unauthorized access.

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/

Leave a Comment