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Learn more about Centrify Infrastructure Services and shared account password management. His primary role is to support the field and marketing team with collateral to elucidate the technical details of Centrify’s products. To control costs, plan ahead for evolving requirements. The Account … If the use of an individual account is not appropriate for a given situation, consider using user-assigned secondary accounts instead of a shared account. There are partners, employees, contractors, customers and others who access or try to access your most valuable company assets on a daily basis. Read this Gartner Report! This can be especially damaging if the account that has been compromised is a shared account: As you are exploring right tools to reduce the risk with shared accounts and privilege management think about the following: Centrify Infrastructure Services allows partners, contractors and employees access to shared account passwords, while maintaining control over who has access, which account passwords they have access to and how those passwords are managed. The use of a shared account by multiple people limits the ability to monitor or audit who has used the account at any given time. This can be especially damaging if the account that has been compromised is a shared account: Shared accounts are commonly used on more than one application or resource. Do not forget about your nonhuman services and application accounts. In instances where multiple people need to log on to a computer with administrative rights, rather than use a single shared administrative account, create individual secondary accounts with administrative rights and use them only when necessary. Shared accounts not only increase oversight and improve usability, they also enhance your security. The more people that know a password, the more likely the password could become compromised. Shared accounts are used for various reasons, but their use comes with a level of risk. Shared accounts are used for various reasons, but their use comes with a level of risk. Exceptions must comply with UW Medicine Information Security Standards including but not limited to SS-01, SS-03, and SS-07. For example, in general, shared accounts should not be used by individuals to access Protected Health Information (PHI). Gartner Report: 5 Things You Must Absolutely Get Right for Secure IaaS and PaaS, Centrify Named a Leader in The Forrester Wave™: Privileged Identity Management, Q4 2020. Example: Jane Smith logs on to her laptop with her UW NetID ‘janedoe’. It makes it that much harder to pinpoint who has been compromised. It can make it easier to manage shared expenses, but also comes with the risk of sharing access to your money. If possible, set up automatic alerting for when ‘high value’ shared accounts are used. For joint accounts, the FSCS assumes that each account holder holds an equal share. Concerns regarding shared accounts: The audit trail becomes an issue, since there is no valid audit trail possible. Shared accounts should be audited regularly. Enterprises can secure and manage super-user, service, and application accounts on servers and network devices, both on-premises and in the cloud. Look for tools that solve more than just that “one” problem you are trying to solve, because sharing an account with others is most likely also an account with “too much” privilege. Look for solutions that support session monitoring -- this way, there is accountability and visibility for privileged activity. The end-user doesn't need to remember or write down the various accounts they might be using. Currency risk sharing is a contractual agreement between counterparties to a trade or deal to share in any losses due to currency risk or exchange rate fluctuations. A role account is a generic user ID assigned for one specific role that can be used by more than one person. The use of shared accounts by individuals to access sensitive information may also violate contractual or regulatory requirements. Time and time again we see an employee or a contractor falling victim to a phishing attack and the compromised credentials are then used to move laterally through your environment. 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