New research by Centrify and Techvangelism paints a bleak picture of the state of Privileged Access Management (PAM) in organizations. While nearly 74% of breaches involve privileged access abuse, almost eight in ten (79%) firms do not have a mature PAM strategy to protect privileged accounts. Despite this, a whopping 93% of organizations think they are at least somewhat ready to deal with privileged access abuse.

In addition, more than half (52%) of firms use shared accounts for PAM instead of a password vault, while 58% have not implemented Multi-Factor Authentication (MFA) for admin access to company servers.

Read more: Security overconfidence and immaturity continue to endanger organizations