Developing a Roadmap to Ensure Secure Privileged Access for Regional Credit Union

In the financial sector, ensuring the security of privileged accounts is essential to maintain compliance, and your reputation. When a regional credit union sought expert guidance to assess and optimize their CyberArk PAM deployment, they turned to KeyData Cyber for a comprehensive evaluation and strategic recommendations.

Highlights

Challenge

Our client, a regional credit union, was dealing with inefficiencies in their PAM processes and recognized the need to address their vulnerabilities to ensure compliance. KeyData Cyber was engaged to provide a thorough assessment to pinpoint areas for improvement and define a strategy to enhance their overall security and operational effectiveness.

Solution

Comprehensive PAM Assessment & Planning: We defined a detailed scope and schedule and identified all key stakeholders to collect necessary feedback and documentation to ensure a structured and collaborative approach. 

In-Depth Current State Analysis: We conducted thorough reviews of existing PAM processes, access management policies, and the current CyberArk solution, with targeted interviews with key personnel and architecture review sessions to fully understand their requirements, objectives, and pain points. 

CyberArk Configuration Verification & Gap Identification: We meticulously gathered, verified, and tested key CyberArk configurations, and performed a comprehensive analysis to identify critical gaps in governance, processes (including privileged account lifecycle), and the existing PAM architecture's alignment with best practices. 

Strategic Recommendations & Deliverable Presentation: We produced a detailed health check report outlining identified gaps and actionable recommendations for improvement across governance, processes, and technology, and presented these findings to management for review and finalization.

Outcomes

Insights for Future Security Enhancement: Our assessment and comprehensive report delivered critical insights and a clear roadmap, empowering our client to address PAM deficiencies and strengthen their security posture.

Opportunity for Improved Efficiency & Compliance: Implementing the recommended process improvements offers our client the potential to boost operational efficiency and streamline their compliance efforts.

Roadmap to Enhanced Resilience & Continuity: The assessment provides the knowledge for our client to verify and optimize Vault configurations, paving the way for robust disaster recovery capabilities.

Potential for Optimized Performance & Policy Enforcement: By acting on the recommendations, our client can fine-tune CyberArk components and password policies, leading to improved system performance and consistent security controls.

This engagement equipped our client with the critical knowledge they need to address their PAM challenges and optimize their CyberArk investment. With a clear understanding of their current state and targeted recommendations, they are now positioned to build a more resilient and effective privileged access management program.