Thycotic, Secon Cyber’s partner for PAM solutions, has announced it has been named a Visionary by Gartner, Inc. for its December 2018 Magic Quadrant for Privileged Access Management.
PAM is quickly becoming a crucial part of any cyber security strategy and has been named Gartner’s number one security project for CIOs to focus on in 2018. Manual management of privileged accounts is largely ineffective, not only because it creates opportunities for typos to lock admins out of their accounts, but it also leaves organisations vulnerable to cyber threats. PAM mitigates this risk and allows for constant monitoring of a company’s accounts.
Thycotic’s Secret Server is class-leading in PAM solutions and has the quickest time to value of all its competitors. Its secure vault stores all of an organisation’s passwords and easily allows IT admins to grant and revoke access to privileged accounts.
Joseph Carson, Thycotic’s chief security scientist, said, “We believe our position as a Visionary in this report emphasises the impact our solution has in providing companies with securing access to sensitive systems and reducing the risk of getting compromised by disclosed passwords on the dark web. One of the major reasons that Privileged Access Management is the top priority for organisations in 2018 is that it saves them time and money while reducing risk.”