The present day competitive market scenario has made it imperative for most organizations to resort to efficient risk management techniques. Risk analysis helps a company to balance unwarranted business threats and leverage opportunities. An appropriate risk management framework offers risk analysis and enhances consistency.
An acute risk management concern that is encountered by most businesses today is managing unrestricted admin access. This has been the result of increased data centers, network operation centers and application maintenance outsourcing. All these require administrator teams to manage and maintain various applications, systems and network devices having powerful access ID’s, termed as privileged ID’s. Using a Privilege ID one can have complete access to systems and its application and can install, restart and reconfigure new systems, existing systems and shift logs. Since these ID’s are known to the administrators it can lead to ID abuse and other non-compliance concerns.
Importance of Privileged Identity Management
Privileged identity management, i.e. PIM helps organizations by providing a simple and secure way to use safety techniques than depending on the administrators. PIM is a part of Identity and Access Management that focuses on certain requirements of powerful accounts within an organization. It also includes password vault, user account life cycle, and auditing and access management. PIM is specifically used for reviewing administrator activity in crucial environments, such as production servers, network devices, applications and databases.
Solution providers specializing in risk management frameworks have come up with PIM solutions that cater to the various requirements of industry verticals such as telecom, IT/ITES and banking. The solution offers the following services:
Advanced privileged identity management solutions are set up in a way to restrict the share-privilege account sprawl, offer audit trail, automate manual processes and monitor the privileged account and user activities. The solution efficiently manages non-human accounts, for instance the ones required by accounts and services in legacy operations. The system password changes are expanded to all dependant services. Furthermore, the password for embedded applications, that an organization is hesitant to touch so that they don’t break the app, will not be compromised anymore.