Questions you need to ask to calculate the true cost of PAM
It’s a challenging time to build a cybersecurity budget. Incessant cyberattacks and the increasing cost of ransomware have confirmed that a larger budget doesn’t necessarily translate to stronger security.
In an uncertain economic environment, every dollar in your cybersecurity budget is scrutinized and hard-fought. Spending more money (not to mention more of your time!) on one cyber solution means having fewer resources to spend on others.
That’s why your investment in Privileged Access Management (PAM) must be as cost-efficient as possible. You don’t want unexpected costs. You definitely don’t want to go back to your board or budget committee for more money.
A lot of folks ask us how they can get the most value from a PAM investment at the lowest possible cost. The right PAM investment can increase your competitive advantage and prepare you for the future, while the impact of making the wrong decision will be felt for years…
The Cyber Hut Comment: An interesting list of 10 questions by Delinea focused on the cost of privileged access management.
They first articulate that a modular approach to capability integration is taken - likely to support a “land and expand” sales approach. They mention an example starting point being an enterprise password vault, before looking at other features such as session management, MFA and endpoint privilege escalation.
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