The global pandemic triggered one of the most significant transformations in modern workplace culture: the widespread adoption of remote work. What began as a temporary response to a global crisis has now evolved into a lasting model. Today, many companies have either fully embraced remote operations or adopted hybrid structures, where employees split their time between home and office. This shift has brought undeniable benefits. Employees have gained greater flexibility, allowing for better work-life balance and time management. Meanwhile, companies have reduced costs associated with office rentals and utilities and can now tap into a broader, geographically unrestricted talent pool. However, this new reality also introduces significant cybersecurity challenges—particularly in managing secure access to internal systems, applications, and data from external, potentially untrusted environments.
In the current world of online banking, security isn't just a nice -to-have—it's a must. For one of the largest public banks in the EMEA region, this reality was crystal clear. Handling millions of daily transactions, the bank manages mission-critical systems such as wire transfers, ATM networks, point-of-sale terminals, card processing platforms, mobile banking, and online customer portals. Every one of these systems relies on privileged credentials —passwords, SSH keys, API tokens, and secrets —to connect and function. But until recently, the bank faced a dangerous and surprisingly common problem: hardcoded credentials hidden in source code and configuration files.
Endpoints — desktops, laptops, and servers — remain one of the biggest attack surfaces in any enterprise. Employees and administrators alike often need elevated rights to install software, execute commands, or manage services. But when users have permanent local admin rights, every compromised endpoint can become a launchpad for attackers. According to multiple industry reports in 2024, over 70% of ransomware attacks originated on compromised endpoints with overprivileged local accounts. Attackers know that if they can gain access to a machine with admin rights, they can disable defenses, install malware, or move laterally across the network. The solution is not to deny users the tools they need, but to grant just enough privilege, only when required, and always under control. This is exactly what Kron PAM’s Endpoint Privilege Management (EPM) delivers.
Cloud computing has fundamentally transformed how organizations deploy and manage their IT infrastructure. Today, leading Cloud Service Providers (CSPs) such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) offer a broad spectrum of services designed to help enterprises scale dynamically, reduce operational and energy costs, simplify backup and disaster recovery, and manage resources globally. Due to these benefits, a growing number of organizations—including both public and private sector institutions—are adopting cloud-based solutions to replace or complement their traditional on-premise systems.
Enterprises rely on thousands of privileged accounts spread across servers, databases, and network devices. These accounts — whether local administrator accounts, AD/LDAP-integrated identities, or service accounts — are powerful but also risky. If left unmanaged, they can become “shadow accounts” that attackers exploit, or even legitimate but forgotten accounts that weaken an organization’s security posture. Industry research shows that mismanaged privileged accounts remain a leading cause of breaches. According to Verizon’s 2024 Data Breach Investigations Report, nearly 30% of incidents stem from credential misuse, often involving accounts that should have been secured or retired. Attackers don’t need to break in if they can simply log in with orphaned or unmonitored credentials. This is why privileged account discovery and lifecycle management are essential. And it’s exactly where Kron PAM makes a difference.