How Convergence Reduces Risk, Drives Efficiency, And Keeps You Compliant
Privileged access management (PAM) tools were created to help organizations control access to their most critical IT systems. But in today’s complex landscape, the number of “user identities” knocking at the gate has increased and includes everything from people to physical locations to device states. As privileged access sprawl continues, businesses of all sizes are seeing an escalation in identity-related data breaches — now affecting over 80% of organizations. And the average cost has risen to 4.35 million.
In my last blog, I explored how these increasing pressures are driving the already mature PAM market to grow at a steady clip. Companies can no longer ignore either privileged access management (PAM) or identity governance and administration (IGA). However, not all solutions are created equal. By 2025, Gartner predicts that 70% of companies will prefer a converged platform.
Saviynt earned our reputation as an industry disruptor by reimagining IGA for businesses all over the world. Then, we broke new ground a few weeks ago as the only ‘Visionary’ in the 2022 Gartner Magic Quadrant for Privileged Access Management (PAM).
If you’re looking to eradicate accounts with standing privilege, need a platform to handle your multi-cloud use cases, or need to reduce cost and complexity, Saviynt’s converged platform consistently delivers. Let’s look at common pain points, and why our converged cloud identity platform wins on risk-reduction, governance, and a cloud-first approach.
Governance: The Missing Link in Privileged Access
By 2023, about 75% of security failures will result from inadequate management of identities, access and privileges — up from 50% during 2020.
As more and more applications and workloads move to the cloud, traditional point solutions for IGA and PAM become less able to provide comprehensive oversight and insights. On average, organizations worldwide use 110 SaaS applications and leverage five different cloud platforms. Organizations that manage standard and privileged access silos miss out on visibility and reporting capabilities across clouds, infrastructure, and applications.
When disparate products won’t “talk” to each other (or do so infrequently or imperfectly) — and only around a portion of crucial data — the result is dangerous silos, identity security gaps, and incomplete governance that leaves you incredibly vulnerable.
Cloud resources are in constant change, dynamically scaling up and down at any given time. Saviynt’s platform discovers changes occurring within elastic workloads, access, and privileged accounts in real-time. Many legacy tools are only able to monitor changes at fixed intervals. Since you can’t manage what you can’t see, this leaves you vulnerable to serious damage from breaches and non-compliance.
Identity and Privileged Access Governance Doesn’t Have to be Hard
If your organization has Zero Trust aspirations, you need to focus on ensuring and tracking least privilege — the right access is granted to the right resources for the right amount of time. Saviynt’s cloud-native solution sits on top of your entire ecosystem to provide visibility across on-prem and cloud infrastructure, and applications. Security teams can work smarter, not harder by leveraging built-in intelligence to aggregate risk and classify users and access based on risk.
Maybe recent audits have identified gaps in your PAM and IGA governance caused by manual governance processes. Or, maybe you’re a small team with little IGA knowledge, and need an IGA system that integrates with existing tools and delivers quick time to value with limited budget and resources. Whatever your challenge, a SaaS-based solution is future-oriented, flexible, and efficient. It keeps it simple — and keeps you in control.
Legacy governance solutions can’t account for all identities needing to be managed, while traditional PAM solutions do not inherently offer the ability to certify privileged access. Saviynt approaches identity with a different mindset. We aren’t like traditional solutions where you’re stuck with expensive infrastructure or forced to use a specific protocol. By combining IGA and PAM on one converged cloud platform, we increase the visibility of any identity type, regardless of its location or type of environment. Our on-demand risk analytics let you meet compliance needs with an end-to-end audit trail.
Saviynt’s superior out-of-the-box capabilities also deliver a low/no code experience that lets you quickly change settings without buying and integrating additional products. Instead of months-long implementation projects, our converged platform automates access provisioning, requests, and risk-based approvals. And the discovery/onboarding functions on our intuitive dashboard are among the highest-ranked in the industry.
Good Things Happen When Identity and Security Converge
Saviynt’s PAM and IGA solutions are part of our unified Enterprise Identity Cloud platform. Often other vendors on the market hype “converged identity” despite a lack of true solution convergence. What sets us apart is our automation, interoperability, and user-friendliness.
Read the full report to see how our forward-thinking approach to PAM is evaluated based on the Gartner technical and market criteria. If your organization is ready to modernize your approach to security, from our perspective, it makes sense to choose the only PAM vendor in the Magic Quadrant who is also a Representative Vendor for IGA¹.