After coming CyberArk Global Advanced Threat Landscape Survey 2016, Access to privileged accounts information is one of the biggest threats to cyber security.
According to CyberArk, the problem with privileged account access is that it doesn’t require the execution of a sophisticated cyberattack – without proper security its easy for those with insider access to hack the company.
- The 2014 hack of Sony Pictures, whereby a former systems administrator assisted a number of others in releasing personal details about the company’s employees and their families, e-mails between employees, information about executive salaries and copies of un-released films, among other sensitive information.
- Another example is the 2015 OPM (US Office of Personnel Management) breach, where more than 20 million records of employees were stolen. These included Social Security numbers, fingerprints, names, dates of birth and home addresses.
According to the survey,
- 79% of respondents state that their organisation has learned lessons from major cyber attacks and “has taken appropriate action to improve security”. As a result, 55% have made changes to the way they manage privileged accounts.
- However, 40% of organisations still store privileged and administrative passwords in a Word document or spreadsheet, while 28% use a shared server or USB stick. A further 20% use a notebook or filing cabinet to store their sensitive information.
- Meanwhile, only 7% of companies have made implementing privileged account security their number one priority in securing their business from cyberattacks.
According to CYBERARC : The report is the result of surveys conducted with 750 IT and IT security decision makers from around the world, including C-level executives, directors and department heads, among enterprise organizations, to identify global cyber security trends. Respondents represent a range of public and private organizations across multiple vertical industries from the United States, Europe (France, Germany, United Kingdom), Israel and Asia Pacific (Australia, New Zealand, Singapore).