The Challenges of Not Having a Privileged Access Management Solution

Jan 10, 2023 / Kron

As businesses continue to rely on technology to drive their operations, it's becoming increasingly important to have a robust privileged access management (PAM) solution in place. PAM solutions help organizations control, monitor, and manage the access and permissions of their employees and third parties to sensitive systems and data. Without a PAM solution, organizations face a number of challenges that can lead to serious consequences.

1. Increased risk of data breaches and cyberattacks

One of the biggest challenges of not having a PAM solution is the increased risk of data breaches and cyberattacks. With employees and third parties potentially having unrestricted access to sensitive systems and data, it's much easier for unauthorized individuals to gain access and potentially compromise the security of the organization. This can lead to the loss or theft of important information, financial damage, and damage to the organization's reputation.

2. Difficulty in meeting compliance requirements

Many industries have strict compliance requirements when it comes to the access and permissions of employees and third parties. Without a PAM solution, it can be difficult for organizations to accurately track and monitor access, making it difficult to meet these requirements. This can result in fines and other penalties, as well as damage to the organization's reputation.

3. Inefficient and time-consuming processes

Manually managing access and permissions can be a time-consuming and inefficient process. Without a PAM solution, organizations may struggle to keep track of who has access to what systems and data, leading to confusion and mistakes. This can lead to wasted time and resources, as well as decreased productivity.

4. Insufficient visibility and control

Without a PAM solution, organizations may struggle to gain visibility into the access and permissions of their employees and third parties. This can make it difficult to identify potential security risks and take steps to mitigate them. It can also make it difficult to accurately track and monitor access and permissions, making it difficult to ensure that employees and third parties only have the access they need to do their jobs.

Overall, the challenges of not having a privileged access management solution can be significant and can lead to serious consequences for organizations. By implementing a PAM solution, organizations can better control, monitor, and manage the access and permissions of their employees and third parties, reducing the risk of data breaches and cyberattacks, meeting compliance requirements, improving efficiency and productivity, and gaining greater visibility and control. Kron helps your organization to improve the cybersecurity posture with its comprehensive Privileged Access Management (PAM) solution Single Connect. With Single Connect, you can establish a layered defense security architecture that is flexible, centrally managed, and resistant to internal and external threats.