It has been announced today that Keeper Security, the leading provider of zero-trust, zero-knowledge cybersecurity software that safeguards passwords, passkeys, privilege access, secrets, and remote connections, has released the Keeper Security Insight Report on Cloud-Based Privileged Access Management.. A new report examines what IT and security leaders are seeking in a Privileged Access Management (PAM) solution as well as the benefits that come with moving away from traditional on-premises platforms in favor of cloud-based solutions. There was an overwhelming 82% of respondents who said they would be better off moving their on-premises PAM solution to the cloud, and 36% of IT leaders said it makes sense to have an on-premises PAM solution in the current economic environment.
There was an overwhelming 82% of respondents who said they would be better off moving their on-premises PAM solution to the cloud, and 36% of IT leaders said it makes sense to have an on-premises PAM solution in the current economic environment.
Privileged Access Management is a non-negotiable imperative, however on-premises solutions present challenges that cannot be avoided
Yet traditional PAM solutions are overly complex and expensive, creating barriers to adoption, and they do not provide unparalleled control over privileged users' activities, protecting against unauthorized network access and mitigating insider threats. PAM solutions provide unparalleled control over privileged user activity, but they provide unparalleled control over privileged user activity. According to recent research from Keeper, 56% of IT leaders have attempted to deploy a PAM solution but have not fully implemented it, with 92% citing overly-complex solutions as the major reason.
As Craig Lurey, CEO and Co-founder of Keeper Security said, "The complexity and high cost of legacy on-premise PAM solutions present many challenges to today's IT and security professionals." Yet, it is vital to secure privileged access to accounts that protect sensitive systems and data. It is the shift toward cloud-based solutions, which are easier to deploy, that will result in more seamless and efficient cybersecurity coverage along with better security outcomes.
Cloud-based solutions are becoming increasingly popular with IT leaders
Users have become less tolerant of expensive, disparate security tools as organizations continue to shift to the cloud, seeking affordable, pervasive solutions. According to over half (60%) of organizations with on-premises PAM solutions, having PAM on-premises hinders them from achieving their goals. Due to the fact that 85% of organizations require a dedicated staff to maintain and manage their on-premises PAM solutions – an unjustifiable expense in these times of tight budgets – this is an unjustifiable consequence.
As on-premises solutions have become outdated and have become too costly to maintain, the shift to cloud-based PAM solutions represents a strategic alignment with the evolving security and budgetary demands of today's organizations.. In the current economic climate, it is apparent that 82% of respondents said it would make more sense to move their on-premises PAM solution to the cloud, but only 36% of IT leaders believe it makes sense to have an on-premises PAM solution in the current economic climate.. It is important for businesses to ensure that their security budgets are not cut as a result of macroeconomic pressures, and to make sure that their systems are easy to maintain and affordable
It is important for businesses to ensure that their security budgets are not cut as a result of macroeconomic pressures, and to make sure that their systems are easy to maintain and affordable
Using cloud-based solutions provides a high level of security and ease of use
With the advent of digital transformation and the emergence of cybersecurity threats, businesses need to develop robust PAM solutions to address these challenges. Moving PAM to the cloud can increase security through advanced encryption, multi-factor authentication (MFA) and continuous monitoring.
According to respondents, the top three benefits they are looking for in a PAM solution are:
Among the additional benefits are the following:
While cloud service providers invest heavily in securing their infrastructure to provide a fortified environment, organizations should seek solutions that are based on a zero-trust and zero-knowledge architecture to deliver the highest levels of security, privacy and control over their data. PAM solutions that are based on the cloud are a powerful way to strengthen the defenses of organizations in an era where privileged access management is a necessity.
For more information, please download the full report.
The report, which was conducted by an independent research firm in 2023, collected responses from over 400 IT and data security leaders across North America and Europe.
The Keeper Security team is transforming cybersecurity for individuals and organizations around the world through its products and services. Keeper offers affordable and easy-to-use security solutions that are built on a foundation of zero-trust and zero-knowledge security to protect every user on every device with a single account.. In order to prevent breaches, reduce help desk costs, and ensure compliance, we offer privileged access management solutions that deploy in minutes and seamlessly integrate with any tech stack.. Thousands of organizations, millions of individuals, and millions of individuals around the globe rely on Keeper for best-in-class password and passkey management, secrets management, privileged access management, secure remote access management, and encrypted messaging services.
Thousands of organizations, millions of individuals, and millions of individuals around the globe rely on Keeper for best-in-class password and passkey management, secrets management, privileged access management, secure remote access management, and encrypted messaging services.
Visit KeeperSecurity.com for more information:
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Lumina for Keeper Security [email protected] is the media contact for Keeper Security. 
SOURCE KEEPER SECURITY SYSTEM
We, at Keeper Security, are the leading provider of zero-trust and zero-knowledge cybersecurity software that protects passwords, passkeys, privileged access, etc.
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