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Data Security in Managed Service Environment

Today, it is a big challenge for organizations to secure their Information assets from persistent cyber threats from both external and internal malefactors, arising mainly due to distributed nature of IT infrastructure.

Take for instance, the Managed Service Provider (MSP) model. MSP is a cost-effective alternative for organizations to ensure business continuity with limited workforce and capital. Enterprises can divert resources to other operational areas as transferring workloads to MSP provides an IT infra to store/ process data and work on a host of applications among other rudimentary computing services. In other words, it saves a huge amount of money as there is no upfront IT capital expenditure. MSP remotely manages any organization’s IT infrastructure or user systems based on a specific organizational policy.

Addressing risk factors

Outsourcing of IT operations to a third party environment involves an element of risk. Indeed, as an organization migrates IT workloads to IaaS environment, there is an imminent threat to confidential data. Privileged accounts risk abuse from malefactors in the third-party environments.

Some of the common challenges related to privileged access for security and risk management team include:

  • Who is accessing privileged accounts?
  • Is there a granular level control over privileged users?
  • Are IT and privileged users segregated in terms of roles and responsibilities?
  • Are privileged sessions monitored?
  • Is there a robust validation mechanism?
  • Are audit trails maintained?

Join our webinar.

“Challenges for Managed Service Providers Offering Privileged Account Management as a Service”

on July 2, 2019, 4pm CEST, 10am EDT, 7am PDT.

REGISTER here.
https://lnkd.in/ep6GRxi

Speakers:

Martin Scherrer-VP Business Development ARCON
Martin Kuppinger- Principal Analyst Kuppingercole
Kai Büdel-Solution Architect Prianto

With so many IT vulnerabilities looming large, it is highly imperative that the security posture to protect privileged accounts is robust in MSP environments. Even if the third-party offers complete assurance about maintaining the security of all the endpoints in the network, it is always advisable to avoid taking chances.

In order to minimize the risk vector, it is critical to adopt best privileged access management practices so that all privileged accounts are monitored and controlled.

Privileged Access Management offers a centralized control point through which all access to critical business applications and database servers are routed to audit trails whilst real-time monitoring and strong validation mechanism would mitigate data breach threats.

ARCON | PAM a trusted name in MSP environments

ARCON | Privileged Access Management (PAM) solution provides comprehensive solution to Privileged User Management. It helps to mitigate both internal and external risks by controlling Privileged Account user access to enterprise data. ARCON | PAM can reduce the risk and cost of managing privileged users and reinforce access controls around privileged users.

Benefits include:

  • Robust Privileged Access security across entire vendor network
  • Granting Access Control to Privileged Users only on ‘Need to Know’ ‘Need to do’ basis
  • Generate Privileged User Reports of MSP from security access logs quickly, making audits easier
  • Address regulatory compliance
  • Ensure data security
  • Enforce accountability and segregation of duties
  • Proactively report on the status of key compliance policy
  • Reduce administrative cost and complexity

ARCON is a leading enterprise risk control solutions provider, specializing in risk-predictive technologies. ARCON | User Behaviour Analytics enables to monitor end-user activities in real time. ARCON | Privileged Access Management reinforces access control and mitigates data breach threats. ARCON | Secure Compliance Management is a vulnerability assessment tool.

Secure Data before it Goes Up for Sale

Data – the lifeline of any business organization, is under grave risk today due to numerous cyber security threats. Along with the rising number of threats, the nature of attacks is also getting sophisticated day by day. The cyber crooks are adopting advanced hacking techniques to steal sensitive data. Phishing, Ransomware, DDoS (Distributed Denial of Service) attack, Insider sabotage, social engineering, Botnet, cyber espionage etc. are some of the most common ways used by malefactors to abuse data.

Indeed, today cyberspace has become a new grey market. Information – be it personal details, card details, social media passwords among many other forms of confidential data – sales in the web as data/confidential information is traded like a new commodity. In this data-driven age every organization possess and process a vast amount of data which is targeted by external/ internal malefactors.

A spate of recent incidents has brought to the forefront an urgent need for securing information assets.

Recently, a popular mobile App, that helps in identifying unknown mobile number details globally, allegedly suffered data theft of 140 million Indian users. Though the company denied this allegation, it has been found that the stolen data was sold in dark web for INR 1.5 lakhs which is equivalent to almost 2000 Euros. The price of global users went as high as 25000 Euros. Apart from this incident, a leading American service provider of title insurance and mortgage settlement services, leaked millions of title insurance records in the recent past. Almost 885 million files got exposed due to this breach and they were exposed to thousands of users who did not require any authentication to log in and access the information.

Data protection requires robust Information Security mechanism. With the number of digital identities rising exponentially in digitized era, it is imperative to lay a foundation for strong Identity & Access control systems and implement best privileged account practices. As organizations migrate IT workloads to IaaS platforms and manage data in distributed IT environments, controlling and monitoring IT users and privileged users is critical to protect data.

Most of the sensitive and confidential information in organizations are accessed through privileged accounts. Despite the proven fact that most of the data breach incidents happen due to compromise of privileged accounts, it is highly surprising that organizations are still not providing adequate security to protect data.

With Privileged Access Management, enterprise data receives a solid security shield, no matter where the data is stored, on-prem, in-cloud, MSP, or hybrid environments – enterprises can ensure data integrity as every access to critical systems is authorized, authenticated and documented.

The Bottom-line: To prevent critical business information from being stolen and sold in the open web space, it is highly imperative for global organizations to adopt adequate security measures. In addition to advanced perimeter controls, seamless monitoring and controlling of critical systems is a must to mitigate looming data breach threats.

ARCON is a leading enterprise risk control solutions provider, specializing in risk-predictive technologies. ARCON | User Behaviour Analytics enables to monitor end-user activities in real time. ARCON | Privileged Access Management reinforces access control and mitigates data breach threats. ARCON | Secure Compliance Management is a vulnerability assessment tool.