For many companies, a business credit card is part of the organization’s lifeblood. As such access to it must be vigilantly maintained. One potential area of risk is employees sharing credit card details in collaborative SaaS applications like Slack, where these details are at significant risk of being exposed to unauthorized parties.
Security professionals were once confident that the valuable data they protected was safely tucked away inside heavily fortified data centers. But as businesses of all sizes undergo digital transformation, moving their data to the cloud and across numerous distributed locations, the demands placed on legacy data protection systems have changed drastically.
Privileged Access Management (PAM) in cybersecurity is how organizations manage and secure access to highly sensitive accounts, systems and data. Without PAM, organizations are at greater risk of a cyberattack impacting privileged accounts. Continue reading to learn more about PAM and its crucial role in cybersecurity.
For many financial institutions and retail businesses, there is a need to balance the risks associated with payment fraud and advanced persistent threats against the economic imperative to provide excellent customer experiences in a competitive market. When good users are mistakenly flagged as fraudsters and can’t access payment services, customers get angry and brands lose revenue. These false declines result in lost customers, damaged reputation and lower revenue.