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Ransomware Attacks have become the biggest single cyber risk for enterprises of any size and industry. Research indicates a steep rise not only in the number of attacks, but as well in the average damage per incident. It is therefore essential that organizations are prepared for these attacks.

As organizations across the world continue to adopt a hybrid working model, there is a clear need for a new security model that adapts to the complexity of a mobile workforce. The Zero Trust security approach moves away from a default trust model towards one that is centered around the core principle of “Never Trust, Always Verify”. Adopting a verification-based management of identities and devices is critical to address modern security challenges and to ensure enterprise security.

This PAM platform has traditional tools at its core including account discovery, vault, session management and recording. To extend its business usage it also offers effective monitoring, analytics and risk management tools. Privileged Account Manager is described as a gateway approach to privileged access and supports privileged session management across a variety of systems including enterprise business applications such as SAP, major database technologies and popular SaaS applications.

In the digital era, traditional approaches to Identity and Access Management (IAM) are ineffective. IAM is no longer just about managing employee identities, but about managing all kinds of identities across a wide variety of use cases. This requires a comprehensive and agile approach.

As businesses embrace the Digital Transformation and become increasingly cloud-native, mobile and interconnected, the corporate network perimeter is gradually disappearing, exposing users to malware, ransomware, and other cyber threats. Traditional perimeter security tools no longer provide adequate visibility, threat protection, and scalability, nor can they offer convenience and productivity for users on the go. There is a need for the next-generation enterprise security solutions delivered from the cloud.

GRC covers the areas of Governance, Risk and Compliance and this report refers to GRC in the context of delivering IT services to meet organizational goals.  GRC is concerned with setting objectives, policies and controls and monitoring performance against these.  This report provides an architecture for the successful implementation of GRC within an organization.