Today, companies are moving a significant part of their work online and, for all stakeholders involved, it is as much risky as advantageous. The cybersecurity architecture of your organization plays an important role in avoiding the potential damages brought about by a number of risks. Indeed, considering that a cybersecurity architecture is as strong as its weakest component, there arises a significant question: Is there a component in my IT system that is not completely under my control?
The most frequent answer to this question is third-party access by partners or suppliers. Companies may grant third-party access to partners or suppliers for the workflow to run smoothly. If you do not have a sufficiently advanced cybersecurity architecture, it is not possible to effectively monitor the use of this permission. Individuals or organizations with third-party access may be more flexible in terms of access security and privileged account management in comparison to another stakeholder in the network.
This flexibility may expand the attack surface of your organization and render your IT architecture more vulnerable to many different types of cyber threats. Here, companies need to regard the individuals and organizations to which it grants third-party access as their own employees and ensure that fulfill the requirements of the principle of least privilege. This will make it considerably easier to maintain the efficiency of the control mechanism.
Third-party access is where external users are able to connect to the company's IT architecture via a defined network. The most important issue regarding third-party access security is the ability to effectively monitor external users' activities. Privileged access given to external users to ensure that workflow continues smoothly carries the risk of abuse.
The identification of external users as third-party privileged accounts in the IT architecture often renders it more vulnerable against cyber attackers. In addition, this privileged access can be abused by the external users themselves as well. Lack of adequate supervision of external users' access is among the principle reasons why hackers attempt to breach data security through third-party access.
The third-party access that is actually granted to smooth out the workflow may end up with the exposure of sensitive data. The research carried out by Wiz also clearly reveals how third-party access may lead to data breaches.
The results of the research show that 82% of organizations grant privileged access permissions to external users. In addition, 76% of organizations also grant the privilege of full account takeover to external users that have third-party access. Finally, the Wiz research revealed that 90% of cloud computing security teams are not aware of the extent of the permissions they grant to external users.
The prevalence of third-party access brings with it various issues related to security of third-party access. Among these problems are issues regarding remote access management, in addition to ensuring the access security of applications and devices.
Potential problems related to third-party access should not prevent you from working with external users. On the contrary, it is possible to ensure access security by putting in place the right control mechanisms that offer the possibility of 24/7 monitoring.
In doing so, you must strictly monitor third-party access and commission a multi-step verification process. You can apply the six basic steps below, which you can follow while building the respective security process, to prevent your IT architecture from threatened due to the access permissions granted external users:
The above-mentioned modules of Privileged Access Management (PAM) will enable you ensure the security of your organization's IT architecture and prevent the breach of sensitive data.
With Single Connect, you can strengthen the data and access security of your organization. The high level of third-party access security offered by Single Connect will enable you to protect your organization from both internal and external threats.
Single Connect, which was featured in the Gartner Magic Quadrant for PAM and Omdia Universe: Selecting a Privileged Access Management Solution, 2021–22 reports for its top-tier effectiveness, will help you avoid the potential damages brought about by various cyber threats.
Contact us to get more information about Single Connect and ask any question you may have to our experts.