New and varied threat vectors put privileged accounts at great risk
The security landscape continues to evolve and new threat vectors emerge everyday. The vast majority of big security breaches involve the misuse or escalation of privileged credentials, gaining ready access to valuable information such as intellectual property, business plans, financial data and much more with crippling consequences for the business.
Account takeovers, especially phishing, are constantly evolving
Phishing is the art of tricking people into revealing personal information. Usernames, passwords, and credit card numbers are often targeted for phishing attacks, with the intent of taking over user accounts. And 68% of the phishing emails blocked by Google today are new variations that were never seen before, indicating the fast pace of evolution of these threats.
Passwords or SMS-based authentication offer weak protection with a poor user experience
Password- or SMS-based security are highly vulnerable to phishing and porting scams, and also offer a poor user experience involving multiple steps. Users are plagued with password resets, account lockouts, dependency on cellular connectivity, waiting for SMS codes and more.
Password-related account lockouts cost organizations millions of dollars in lost productivity
The average company loses $5.2M annually in lost productivity due to account lockouts. And when privileged users are impacted by password-related downtime and delays, it costs the organization even more.