Why you need a response plan for privileged account incidents

In the average organisation, you probably have very clear plans and processes for a range of worst-case scenarios. From fire to natural disaster, there’s a structured response in place – a strategy for keeping your people safe and getting back to business faster.

However, when it comes to cybersecurity, few of us are equipped with the same detailed planning. Businesses of every size face serious threats, particularly around privileged accounts. But smaller and medium businesses struggle to develop a practical plan for response.

To help, privileged account management (PAM) specialists Thycotic have published a free Privileged Account Incident Response Plan Template. In just a few clicks, you can customise a tailored strategy that assigns clear responsibilities and actions in the event of a privileged account breach.

5 reasons to create your incident response plan now

In smaller businesses, it’s tempting to think that you could respond to a privileged account incident on-the-fly. However, there’s no substitution for a considered plan.

1. Privileged account breaches are common
1 in 3 hackers say accessing privileged accounts is the easiest and fastest way to get at sensitive data. According to Forrester, 80% of all data breaches involve misused credentials. In short: a privileged account incident is by far the most likely security breach you will face.

2. Speed is the only way to prevent escalation
Once an attacker has access to a privileged account, time is of the essence. A single compromised account is usually just the start – attackers will try to escalate their level of privilege and gain access to more critical systems and more confidential data. You need to contain them before this happens.

3. Your normal operations still matter
In the chaos of an attack, it’s easy for everyone to focus their attention on security. However, an intelligent plan enables you to clearly assign responsibility for security – and assign other people to keep your operations going. In this context, it’s possible to reduce the impact of a breach on your frontline services.

4. Create lasting insight
When a breach is dealt with on-the-fly, it’s hard to take learning into the future and use it to make more informed decisions. Every organisation should be on a path to every-improving security and a structured response can formalise what works and what doesn’t.

5. Meet your compliance obligations
Finally, an effective incident response plan isn’t just about coping in the worst-case scenario – it’s a valuable tool in demonstrating your compliance with standards like GDPR, HIPAA, PCI DSS and more.

Get your free response plan template

As the leaders in privileged account management, Thycotic knows what an effective response looks like and how you can leverage existing best practice.

With your free Privileged Account Incident Response Plan template, you can tailor this proven expertise to your business, your environment, and your personnel.

It’s the fastest way to:

  • Learn how to classify threats and understand your risk level
  • Improve your response speed
  • Prevent cyber attacks from escalating and causing lasting damage

Download your free template now and create your response plan before you need it.

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