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Privileged Access Management (PAM) controls for cyber insurance

Quickly demonstrate Privileged Access Management best practices to cyber insurance providers

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The cyber insurance industry expects you to have PAM best practices in place before they grant a policy.

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If you can’t demonstrate PAM policies and procedures, you may not be able to obtain or renew your policy.

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When providers see you have the industry-leading PAM solution, they grant and renew policies faster.

Obtain cyber insurance to transfer your risk

Almost 70% of organizations are currently investing in insurance and just under 20% are considering cyber insurance to improve their cyber resilience, according to Delinea research. Insurance carriers and brokers are doing their best to calculate your cyber risk, so they can offer policies with appropriate terms and costs. As part of the insurance application process, expect surveys and interviews with cyber experts, asking for evidence that your security controls are in place and working as expected.

Download our sample Cyber Insurance Readiness Checklist—it guides you through the top questions most insurance companies ask when you apply for cyber insurance.

Cyber Insurance Statistics

Protect privileged access and manage enterprise passwords

Secret Server gives you the capabilities to automatically discover, manage, protect, and audit privileged account access. With the industry-leading Privileged Access Management (PAM) vault at the core, Secret Server manages all types of secrets and privileged credentials, including passwords and SSH keys for domain administrators, application accounts, database accounts, third parties, and business users.

Reporting is a also crucial component of demonstrating compliance to insurers that want to see at-a-glance how well policies are followed and where there are exceptions. Secret Server features help you meet these requirements and demonstrate compliance to satisfy insurers requirements. Out-of-the-box and easily customizable reporting features save time and make reviews and audits painless.

See how Secret Server works »

A user accessing privileged information securely

Enforce MFA on servers

Insurance companies know that cyber criminals seek to attack servers to exfiltrate sensitive data and negative impact operations, resulting in expensive fines and downtime. That’s why it’s important to show them how you can identify and contain server-based attacks, with MFA at the server level and restrictions on privilege elevation on servers.

See how Server PAM works »

Server protection - critical for cyber insurance

Manage workstation privileges with application control

Insurance companies want to understand how you’ll deal with phishing attacks that could install malware and ransomware on endpoints like business user machines. Show them how you eliminate local administrator accounts and create allow, deny, and restrict lists to help prevent workstation-based attacks.

See how Privilege Manager works »

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Govern service accounts from start to finish

Account Lifecycle Manager ensures proper access governance of your service accounts. You can discover, secure, provision, and decommission service accounts without worrying that you’re breaking dependencies or impacting uptime.

See how Account Lifecycle Manager works »

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Cyber Insurance Toolkit

Need to demonstrate compliance for cyber insurance?

This curated collection of resources prepares you for cyber insurance negotiations.

Get these must-have resources:

  • Conversational Geek’s Guide to Cyber Insurance
  • Cyber Insurance Survey Results from 300 IT Decision-Makers
  • Cyber Insurance Readiness Checklist
  • Privileged Account Discovery Tool for Windows
Unlock the Toolkit

Privileged Access Management Solutions for Cyber Insurance

Full-featured, free trials get you up and running fast