While 90 per cent of enterprises are engaged with at least one next-generation technology (NGT), such as cloud, IoT, or AI, firms should implement five best practices to improve security to reap the benefits that NGTs offer, a report said.

While enterprises are optimistic about the business benefits these technologies can bring, they also have concerns about the risks, with 78 per cent citing the security risks of NGTs as somewhat to extremely large, said the report titled “Implications of Using Privileged Access Management to Enable Next-Generation Technology Survey” from BeyondTrust, a leading cybersecurity company dedicated to preventing privilege misuse and stopping unauthorized access.

 One in five respondents experienced five or more breaches related to NGTs. Excessive user privileges were implicated in 52 per cent of breaches.

Next-generation, transformative technologies such as AI/Machine Learning and IoT, and business processes like DevOps are leading the way to a bright future full of operational efficiencies, greater business agility, and cost savings. Yet, there is also a dark side to these NGTs: security vulnerabilities.

To better understand how security issues, such as privileged access management (PAM), affect the adoption of NGTs, BeyondTrust – the leader in PAM – surveyed 612 IT professionals. The results are a wake-up call for anyone looking to leverage these NGTs.

DevOps has reached mainstream

The survey found broad interest in NGTs, with the most common being Digital Transformation (DX), DevOps and IoT.  IT reports these NGTs are important for organizations, with 63 per cent saying Digital Transformation (DX) will have a somewhat to extremely large impact on their organization, followed by DevOps (50 per cent), AI (42 per cent), and IoT (40 per cent).

Significant movement toward the cloud

The survey also found that cloud transformation is accelerating.  Respondents indicate that today, 62 per cent of workloads are on-premises, with 15 per cent in a public cloud, 11 per cent in private clouds, and 8 per cent in SaaS applications. Over the next three years, that is projected to dramatically change—on-premises drops to 44 per cent, public cloud jumps to 26 per cent, private cloud increases to 15 per cent, and SaaS increases to 12 per cent.

One in five respondents experienced five or more breaches related to NGTs

Security issues, as a result of NGTs, happen at an alarming rate. Eighteen per cent of respondents indicated they had a breach related to NGTs in the last 24 months that resulted in data loss, 20 per cent experienced a breach that resulted in an outage, and 25 per cent saw breaches over that time period that triggered a compliance event. One in five survey respondents experienced 5 or more breaches.

Too much privilege results in breaches

The study shows that, more than half the time, these breaches occur due to trusted users doing inappropriate things for innocent reasons, with 13 per cent of respondents indicating it happens “often” or “all the time.” In 18 per cent of the cases, its trusted insiders going rogue, and in 15 per cent of the cases, its outsiders gaining privileged access to steal credentials. In each case, excessive privileges are to blame.

There are real business costs that result from breaches. The top costs are lost productivity, loss of reputation, monetary damages, and compliance penalties.

Privileged access management can facilitate the move to NGTs

Respondents overwhelmingly indicate that PAM-related capabilities can improve security and facilitate a move to NGTs. Top practices include controlling and governing privileged and other shared accounts (60 per cent, 59 per cent, respectively), enforcing appropriate credential usage (59 per cent), and creating and enforcing rigorous password policies (55 per cent). In fact, 100 per cent of the survey respondents say they are employing at least one PAM-related best practice to avoid NGT problems with privileged access.

How privileged access management can enable the transformation to next-generation technologies

To improve security while reaping the transformative benefits that NGTs offer, organizations should implement five privileged access management (PAM) best practices that address use cases from on-prem to cloud.

•    Best Practice #1: Discover and inventory all privileged accounts and assets. Organizations should perform continuous discovery and inventory of everything from privileged accounts to container instances and libraries across physical, virtual, and cloud environments.

•    Best Practice #2: Scan for vulnerabilities and configuration compliance. For DevOps and cloud use cases, organizations should scan both online and offline container instances and libraries for image integrity.

•    Best Practice #3: Manage shared secrets and hard-coded passwords. Governing and controlling shared and other privileged accounts represents one of the most important tactics organizations can employ to limit the effects of data breaches resulting from NGTs.

•    Best Practice #4: Enforce least privilege and appropriate credential usage. Organizations should only grant required permissions to appropriate build machines and images through least privilege enforcement.

•    Best Practice #5: Segment networks. Especially important in DevOps, lateral movement protection should be zone-based and needs to cover the movement between development, QA, and production systems.

“It is encouraging to see that organizations understand the benefits that Privileged Access Management can deliver in protecting next-generation technologies, but there are more best practices to employ,” said Morey Haber, chief technology officer at BeyondTrust.

“The survey affirms that security should be at the forefront of new technology initiatives, otherwise, organizations can experience serious financial, compliance, and technological ramifications later on.” – TradeArabia News Service