What is trending now?
Earlier this year, Deloitte released its annual edition of emerging trends in government technology ‘A Government Perspective: Tech Trends 2018’. It spoke about how automation, artificial intelligence & cognitive technologies are set to change the way work gets done. Another one of the trends highlighted was that of re-engineering technology where modernized IT infrastructure is being created to enhance efficiency and service delivery. Furthermore, it mentioned of the adoption of newer technologies & newer ways to manage interrelationships, storage and security of organizational data while dramatically improving both availability and security.
Co-incidentally, I also happened to come across a strategic move implemented by the Singapore Government where they have set up a G-Cloud, a private cloud infrastructure that meets all the required security assurances the government has mandated. The benefit – all branches of Singapore’s government can scale, deploy & scale up applications much more quickly, efficiently & securely. The reason why they have implemented the G-Cloud is to transform the way the government delivers services by enabling new technology & by using a transformed IT department.
Moreover, based on our interaction with enterprises across sectors, we observed a trend where co-existence of hybrid infrastructure seems to be taking shape. And with that there seems to be an overall refresh in the associated aspects including security tools.
Synergy in above trends
The above cases point to a similar direction – a transformation in IT. Transformation not just in terms of the IT infrastructure but also other parameters associated with it such as automation, new technologies, security & efficiency. Taking these trends to a broader setting, we can to a certain extent also assume that this is true not just in case of government enterprises but also other enterprises – small, medium & large. And while unsaid, with this transformation comes the challenge of IT security at all levels, especially with regards to IT infrastructure. Needless to mention, security around user access to critical IT infrastructure cannot be neglected and that should maintain top priority. Reason being that compromising this security aspect could lead to unlimited access & control of critical infrastructure accounts/privileged accounts & their passwords falling into the wrong hands.
Time to re-evaluate your IT security solutions
Evaluating a priority security solution tailored to protect IT assets such as a privileged access security solution could be a long-winded process. However, the ROI in terms of recurring cost, security, compliance & business reputation is worth the time & money invested. For instance, Apple devices have gained popularity not just for its features & sleek design but for the fact that they are protected from ransomware. Similarly, customers of any organization would look at the enterprises’ security measures in today’s time & age to build trust in that organization. More than strong revenue, profits & popularity, it is information security as an evaluation parameter that has taken dominance in customer decision making, come to think of it. One can argue that the only way customers would know of an organization’s security is until a security breach takes place. But why wait for that to happen? Prevention is better than cure, the age old saying. With that in mind, it has become important for security teams in enterprises to do a continuous assessment & monitoring of existing security solutions & evaluate the solutions’ capability to support & scale with modernized IT infrastructure. Having said that, prioritization is equally important. When it comes to security solutions, the first thing that you would think of securing is the core of your IT environment – the privileged accounts. And why wouldn’t it be? A study by Ponemon Institute has pegged the average cost of insider threats for an organization at over $8 million, not to mention losses suffered due to a hit on the reputation . It is therefore time to re-evaluate your security with regards to privileged access.
Re-evaluation of privileged access security is not cumbersome
Times have changed. Every simple item we use today demands a re-evaluation, why not security solutions then. Privileged access security is not what it used to be before. Most enterprises might have implemented a privileged password vault some time ago but with such massive IT transformations happening at all levels, it is also important to re-assess your privileged access security programs. You may already have a robust privileged access solution in place but are they built to scale and suit the modernized IT infrastructure? If not, then having implemented such a solution could lead to spending more time and resources in maintaining the solution alone. Moreover, there is risk of sticking to a traditional solution that may have an architectural shortcoming considering the new age infrastructure changes. It, therefore, is best practice to re-evaluate existing security solutions in terms of their capability to support an agile and scalable IT environment without impacting productivity, compromising security & increasing costs. You have to take action before a potential security threat event could occur even with the existing solutions in place. Imagine the plight of security teams in the event of a potential mishap (breach) despite having an erstwhile compliant solution.
It is worth the time & effort to look at transforming and reworking privileged access security program to ensure data security is abreast with your IT transformation. The current scenario demands a Privileged Access Security/Privileged Access Management (PAM) solution that is capable of adjusting and adapting to the dynamic IT infrastructure. And if there is a PAM solution that is engineered on a new age technology suited to adjust and adapt to the dynamically evolving IT setting, it may be worthwhile evaluating such a solution and considering a change, wouldn’t it? Reworking privileged access security program is not as tedious as you think it is. Alternatively, you may even want to consider keeping a backup PAM solution, if not replace it. Think about it.
How can Sectona help?
Sectona has engineered a Privileged Access Management to adapt to the dynamically changing IT infrastructure. The solution has been built with the intention to scale flexibly without compromising on security or increasing costs. Designed with a new process & approach, Spectra Privileged Access Management has been conceived & architected with the right amount of time and energy to realize the right ROI. Learn more about Spectra here and see it in action.