https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • Analytics
    • Artificial Intelligence
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel 101
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Diversity & Inclusion
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
    • Back
    • 2021 MSP 501 Application
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Our Sponsors
    • From the Industry
    • Content Resources
    • COVID-19 Partner Help
    • Galleries
    • Podcasts
    • Reports
    • Videos
    • Webinars
    • White Papers
  • EMEA
  • Awards
    • Back
    • Excellence in Digital Services
    • 2021 MSP 501
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
  • Channel Mentor
    • Back
    • Channel Market Intelligence
    • Channel Educational Series
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • Analytics
    • Artificial Intelligence
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel 101
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Diversity & Inclusion
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
    • Back
    • 2021 MSP 501 Application
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Our Sponsors
    • From the Industry
    • Content Resources
    • COVID-19 Partner Help
    • Galleries
    • Podcasts
    • Reports
    • Videos
    • Webinars
    • White Papers
  • EMEA
  • Awards
    • Back
    • Excellence in Digital Services
    • 2021 MSP 501
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
  • Channel Mentor
    • Back
    • Channel Market Intelligence
    • Channel Educational Series
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Digital Service Providers
  • Cloud Service Providers
  • CHANNEL PARTNERS ONLINE
 Channel Futures

MSSP Insider


Shutterstock

Password

Thycotic: More Businesses Embracing Cloud-Based PAM

  • Written by Edward Gately
  • May 7, 2019
PAM awareness is growing, but most businesses don't meet basic PAM security standards.

An increasing number of companies are moving to cloud-based privileged access management (PAM), creating new challenges for them along the way.

That’s according to Thycotic‘s 2019 RSA Conference survey. More than 200 security professionals were polled at the event.

Thycotic's Joseph Carson

Thycotic’s Joseph Carson

Joseph Carson, chief security scientist at Thycotic, tells us as more and more organizations choose cloud PAM, it provides a “huge opportunity” for MSSPs.

“One of the big opportunities for MSSPs is that when more companies choose a cloud PAM solution they also will evaluate the ability for it to be completely managed for them — so they just need to focus on consuming the solution rather than managing it as well,” he said. “More companies will choose security as a service over the next one to two years. ”

Some 21% of companies have adopted a PAM solution hosted in the cloud as a service or plan to implement such technology, and an additional 26% are looking to transition to a cloud-based PAM solution. Only 36% say they plan to keep their PAM solution on-premises, according to the survey.

The results indicate that organizations see a future with cloud-based security services and expect to increase their use of them to 65% over the next two years.

“The most surprising aspect was 50% of the respondents have 50% of their cybersecurity solutions being cloud-based,” Carson said. “Another surprise was that educating the executive board is the biggest challenge for getting budget approval and companies opt for fewer solutions to reduce the challenge from the shortage of skilled workforce. Many of the survey respondents indicated that they are accelerating their knowledge in PAM technology as the growing need and demand for skilled resources is increasing significantly.”

With more than 90% of the world’s data stored in the cloud, moving to PAM in the cloud coincides with Thycotic’s survey results that show unauthorized access – which should be protected by a PAM solution – is the top business risk to cloud environments.

Other results from the survey reveal that IT and security teams still struggle with getting management and daily users to understand the necessity of PAM solutions. Twenty-eight percent said the biggest challenge was convincing team members to use the PAM solution, while 24% cited educating organizations’ leaders, and 19% cited finding the budget for PAM technology.

“With all solutions, there is always a risk,” Carson said. “But the biggest risk is not getting the most value out of the solutions or the solution is not configured correctly. Cybersecurity providers can assist with following best practices and choosing an MSSP who will ensure that the PAM solution will be correctly configured.”

PAM awareness is rapidly growing; however, 85% of organizations fail to meet basic PAM security standards. Fortunately, two-third (66%) of respondents are increasing their knowledge of PAM technologies.

“The best way for organizations to increase their knowledge of PAM technologies is to read PAM for Dummies and then followed by Least Privilege Cybersecurity for Dummies, as these provide a solid learning path to quickly get up to speed,” Carson said. “This should be followed by reading additional resources from Gartner and KuppingerCole, then getting some hands-on experience with free tools.”

Tags: MSPs Cloud and Edge Endpoint MSSP Insider Training and Policies

Related


  • Threat protection
    Critical Threat Protection Steps MSSPs, Other Partners Must Take Now
    In this second installment in our series on threat protection, vendors discuss what partners have to do this year.
  • Zero Trust Security
    3 Strategies for Selling Zero Trust in the Channel
    Switching to a zero-trust security approach reduces exposure to potential data breaches and helps drive down fixed costs.
  • Malicious hacker group
    BlackBerry Research: MSSPs Increasingly Targeted by Hacker-for-Hire Groups
    The cybercrime industry has adapted to new digital habits.
  • Threats
    Threat Protection Vendors: Why MSSPs Have to Ramp Up Efforts Right Now
    “Look no further than the headlines,” says one vendor. “You owe it to your customers,” says another.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • Secureworks Debuts New MSSP Partner Track, Analytics Platform
  • Cybercriminals Now Targeting Unemployment Benefit Claims
  • How Ransomware Is Accelerating in the COVID-19 Era
  • Cowbell Cyber Debuts Partner Program to Manage Cyber Risk

Galleries

View all

From The Second City: How to Use Improv as a Business Tool

March 3, 2021

Industry Perspectives

View all

5 Ways XDR Can Improve Operational Efficiency for MSPs

March 4, 2021

Multi-Cloud: Strategy or Inevitable Outcome? (or both?)

March 3, 2021

Backup Vulnerability: 4 Targets Hackers Might Utilize to Infiltrate Your Backup Solution

March 2, 2021

Webinars

View all

A Partner’s Perspective on Channel Success in 2021

March 23, 2021

XDR and Why it Matters to MSPs

March 24, 2021

Top Security Trends Impacting Technology Security Providers In 2021

March 25, 2021
  • 1

White Papers

View all

Why Fortinet for my MSSP?

March 2, 2021

Small and Mid-Size Business Security: 4 Steps to Success

March 2, 2021

How SMBs Can Secure Endpoints and Remote Workers for the Long Haul

March 2, 2021

Upcoming Events

View all

Channel Partners Conference & Expo

November 1, 2021 - November 4, 2021

Videos and Fastchats

View all

FASTCHAT: How SOAR Eliminates Security Challenges and Elevates Service Provider Revenues

January 6, 2021

Happy Holidays from Channel Partners & Channel Futures!

December 21, 2020

FASTCHAT: How Old, Unpatched Technologies Are Creating New Security Threats for MSPs and Their Customers

December 3, 2020

Twitter

ChannelFutures

Today we celebrate the achievements of women worldwide, and we are proud to give the rockstar women in the channel… twitter.com/i/web/status/1…

March 8, 2021
ChannelFutures

The list of #Accellion FTA breach victims keeps growing. Another bank joined the list over the weekend.… twitter.com/i/web/status/1…

March 8, 2021
ChannelFutures

Happy #InternationalWomensDay! The Channel Futures / @Channel_Online team is proud to support @AllianceofCW and… twitter.com/i/web/status/1…

March 8, 2021
ChannelFutures

#MSPs can help businesses deal with #cloudcomputing and #cybersecurity pain points, says @Dreamix_Ltd.… twitter.com/i/web/status/1…

March 8, 2021
ChannelFutures

Chinese hacker group #HAFNIUM exploits critical @MSFTExchange Server vulnerability, could impact thousands.… twitter.com/i/web/status/1…

March 7, 2021
ChannelFutures

Our latest #Cybersecurity Roundup highlights #CPVirtual, @Huntresslabs, @Entrust_Corp and @InsightEnt.… twitter.com/i/web/status/1…

March 5, 2021
ChannelFutures

RT @Channel_Expo: A HUGE thank you to our amazing #CPVirtual sponsors and exhibitors! 👏 @ATTBusiness @DellTech @8x8 @lumentechco @telarus @…

March 5, 2021
ChannelFutures

.@okta acquiring rival @auth0 in $6.5 billion all-stock transaction. #security dlvr.it/Rtzwdp https://t.co/4LvHCJuwsR

March 4, 2021

MSSP Insider

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Channel Partners Online

Want more? Find more channel news and analysis on our sister site, Channel Partners.

Media Kit And Advertising

Want to reach our audience? Access our media kit

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Online
  • Channel Partners Events
  • MSP 501
  • MSSP Insider
  • IoT World Today
  • Webhostingtalk

WORKING WITH US

  • Contact
  • About us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X