Businesses failing to secure privileged accounts

Most companies fail to secure the “keys to the kingdom,” according to a new benchmark survey .

Last week, privileged account management (PAM) specialist Thycotic and research firm Cybersecurity Ventures released their 2016 State of Privileged Account Management security report, based on the responses of more than 500 IT security professionals who have participated in the Privileged Password Vulnerability Benchmark survey to date.

High priority, low compliance

While 80 percent of respondents indicated PAM security is a high priority for their organizations, and 60 percent said PAM security is required to demonstrate compliance with government regulations, 52 percent of participants received a failing grade on enforcement of proper privileged credential controls.

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