The unauthorized cryptocurrency mining operations running in a Fortune 500 healthcare company’s AWS environment underscores the seriousness of the under-appreciated security challenges in cloud computing.
Credential sprawl has become one of the most pressing yet underappreciated security challenges in modern cloud computing.
Recent analysis revealed that the average enterprise maintains over 100,000 cloud credentials ,35% of all cloud credentials are either dormant or over-privileged, and 22% of organizations have experienced security incidents related to credential mismanagement.
Credential mismanagement can lead to severe data breaches and damage to reputations.
In some companies with legacy systems, automated tools have revealed more than 3,000 active service accounts and more than 150 former employee credentials still active.
Some best practices in credential management include providing just-in-time access control, automated credential lifecycle management, and advanced monitoring and detection.
Emerging technologies and future trends include machine learning-based access management and zero-trust implementation.
Organizations must move beyond traditional static access models to embrace dynamic, context-aware security frameworks to curtail the unnecessary exposure of sensitive data and damage to their organization’s reputation.
Adopting such measures would prevent issues like a startup meltdown that experienced 1.2 million customer records exposed, $4.5 million in regulatory fines, and an 18% drop in stock price.
It is important to remember that security is only as strong as the weakest credential, and with proper credential management, organizations could prevent security compromise and survive.