More organizations are purchasing cybersecurity insurance as an extra level of protection in the unfortunate event they have a cybersecurity incident. Cybersecurity insurance policies often require the deployment of a Privileged Access Management (PAM) solution to protect critical assets. With Fortinet's recent release of FortiPAM, organizations can now more easily meet requirements for cybersecurity insurance. FortiPAM offers a range of features and capabilities that ensure secure access to critical assets and includes zero trust network access (ZTNA) controls.

Complying with Cybersecurity Insurance Requirements

Cybersecurity insurance is a type of coverage that helps organizations mitigate the financial impact of cyberattacks by providing compensation for losses or damages caused by cyber incidents. A zero-trust approach to PAM also helps organizations comply with cybersecurity insurance requirements that may mandate specific policies and practices for critical assets.

Privileged accounts, such as administrators, or service accounts, have high-level permissions. If they are compromised by malicious actors, privileged accounts can be used to cause significant damage, so securing these accounts and the credentials of the assets they are accessing is an important aspect of cybersecurity.

However, traditional security models that rely on static trust and perimeter-based defenses are no longer sufficient to protect privileged access. Instead, organizations need to adopt a zero-trust security model that assumes that no user or device can be trusted by default. With zero trust, before access is granted to any resource, it requires continuous verification of identity and context.

To achieve zero-trust security and meet cybersecurity insurance requirements for critical assets, organizations need a robust PAM solution that can provide secure authentication, granular authorization, audit logging, and session recording. Additionally, organizations need a PAM solution that can integrate with other security solutions to provide enhanced protection for critical assets.

Keep Sensitive Resources Secure

Fortinet FortiPAM is an innovative PAM solution that meets these needs and more. FortiPAM is part of the Fortinet Identity and Access Management (IAM) solution, which allows organizations to provide tight security for privileged accounts and privileged credentials. FortiPAM ensures the least privileged access to the most sensitive resources within an organization.

FortiPAM helps organizations secure critical assets by providing:

• Multi-factor authentication (MFA) with FortiToken for verifying user identity using various methods such as SMS codes, email codes, push notifications, and physical keys.
• Role-based access control (RBAC) for granting access based on user roles and responsibilities rather than static permissions.
• Integration with FortiClient, which provides ZTNA controls to ensure that the user and device meet specific security criteria before being allowed to access critical assets.
• The ability to secure all sessions to prevent malware or keystroke logging from capturing privileged credentials.
• Session recording for capturing video and audio of all privileged sessions for audit purposes.

FortiPAM integrates with the Fortinet Security Fabric, which allows for enhanced security including ZTNA controls when users try to access critical assets. ZTNA tags can be applied to check device posture for things such as vulnerabilities, updated antivirus (AV) signatures, location, and machine groups prior to granting access to a critical asset.

FortiPAM also helps organizations qualify for cybersecurity insurance or lower existing premiums by implementing best practices for PAM. Cybersecurity insurers may focus on qualifications such as:

• Number of privileged accounts in use
• Frequency of password rotation
• Enforcement of MFA
• Level of session monitoring and auditing
• Compliance with industry standards

With FortiPAM, organizations can demonstrate their adherence to these qualifications and reduce their cybersecurity risk profile.

Learn moreabout how FortiPAM can help you achieve zero trust security and meet cybersecurity insurance requirements for your critical assets.