BeyondTrust Named a Leader in The Forrester Wave™: Privileged Identity Management, Q4 2023

We're Making Waves!

The much-anticipated Forrester Wave™: Privileged Identity Management, Q4 2023 report is out – and we're thrilled to announce that BeyondTrust has clinched a leader spot!

The Forrester Wave™ is a report based on independent research, that offers a detailed analysis of the PIM market landscape. Renowned advisory firm, Forrester, meticulously assesses vendors, aiding cybersecurity professionals in making well-informed decisions for their organizations.

BeyondTrust achieved the highest scores possible across 11 criteria, including least privilege access, secure remote access, threat detection and response, and vision (to name a few), reinforcing, in our opinion, our unwavering commitment to delivering depth and breadth of privileged access security capabilities.

According to the Forrester Wave™:

• “BeyondTrust suits a range of customers looking for a field-proven PIM solution that covers all the bases.”
• “Reference customers were highly satisfied with BeyondTrust’s customer service, citing responsiveness and frequency of communications/updates.”

The report also noted that the launch of our newest product, Identity Security Insights, will enable us to deliver on our strategy to pair PIM with identity threat detection and response. Identity Security Insights has recently garnered, with the rapid, pinpoint detection and response to Okta’s Support Unit Breach. Identity Security Insights was able to detect and remediate the attack nearly three weeks ahead of Okta’s own response.

For deeper insights into the PIM market and vendors, including BeyondTrust, access the full report here.

Why BeyondTrust Stands Out

Here are a few ways we believe BeyondTrust is leading the way in identity security:

• Modernization of PIM: As the second-largest PIM vendor by revenue, we're not just following trends—we're setting them. Our groundbreaking Identity Security Insights offering showcases our push from traditional PIM to integrated identity threat detection and response (ITDR) and cloud infrastructure entitlement management (CIEM). Already, our new capabilities have detected, responded to, and alerted on a significant Okta security breach. Additionally, our cutting-edge AI/ML innovations offer tailored endpoint policies, and we're broadening our reach with JIT ephemeral access.
• Commitment to Making PIM Easier for End Users: What differentiates BeyondTrust is our dedication to making PIM easier and more functional by focusing on intelligent UX and by delivering features that help our customers achieve operational efficiencies while making rapid leaps in security. Privilege Management for Unix & Linux, for instance, not only provides far more security and auditing control than sudo and other tools, but it also provides powerful centralized management capabilities that make it far easier to use, especially at scale. Privilege Management for Windows & Mac provides Quick Start Templates that enable organizations to apply least privilege controls in minutes or hours, rather than weeks or months. Password Safe enables organizations to auto-discover, onboard, and enforce security best practices across all types of privileged accounts and credentials (passwords, keys, secrets, etc.) with Smart Rules, our market-leading automation.
• Customer-Centricity: While cutting-edge solutions are our forte, our value proposition is amplified by our unmatched post-service commitment. Our dedication goes beyond mere solution implementation. It's the constant engagement, genuine partnerships, and commitment to excellence that distinctively define our customer service ethos. Feedback from our customers consistently highlights our proactive approach and regular updates.

The Primacy of Identity in Today's Digital Shift

In an era of digital transformation leaps, widespread remote and hybrid work, and disintegrating network boundaries, safeguarding privileged identities has become paramount. As noted in the Forrester Wave™, “privileged identity management is essential to advanced identity defenses. At a time when organizations are facing unrelenting identity-based attacks and control of high-value systems and data is more important than ever, PIM customers are challenged with managing privileged identities across a complex and changing IT environment composed of diverse systems, applications, and platforms. The PIM market continues to address the highly dynamic nature of the cloud-first enterprise, and it’s evolving to satisfy unique requirements for other types of critical infrastructure deployments such as OT environments.”

With the migration to cloud and remote operations, identity vulnerabilities have become a primary target for malicious entities. These attackers exploit compromised credentials and overprivileged users, stressing the need for a formidable security perimeter where identity forms the core.

Understanding the Synergy of ITDR + PIM:

• ITDR: More than a product, ITDR is a holistic approach to guard identity-based systems, integrating threat intelligence, best practices, and protective tools.
• PIM: Crucial in identity security, PIM solutions like those from BeyondTrust provide both preventive and detective measures against identity incursions, actively managing privileges to reduce attack surfaces.

When merged, PIM's focus on managing elevated access rights and ITDR's continuous monitoring of identity signals forge a comprehensive defense against potential threats.

Benefits of Uniting PIM & ITDR in BeyondTrust Identity Security Insights

• Unified Defense: Identity Security Insights amalgamate data across platforms, providing a bird's-eye view of all identity-related risks.
• Proactive Strategies: With actionable insights, organizations can optimize their identity management approach.
• Holistic View: Merging PIM's management with ITDR's detection capabilities offers businesses an all-encompassing shield.
• Swift Deployment & Cloud-Native Infrastructure: Seamless integration and actionable results in under 30 minutes.

Elevating Business Credential Security

While privileged accounts still stand as the main gateway to critical business assets, the line between privileged and non-privileged access is becoming increasingly blurred. There are more types of users and accounts that require privileges / privileged access as part of their roles, and these identities and accounts need stronger protection than they are typically getting. Many contemporary password managers falter under the weight of current enterprise requirements, exposing businesses to inordinate risks, ranging from account breaches to unauthorized data access.

In addition, organizations facie such challenges as:

• The SSO Hurdle: Not every application finds its place under the protective umbrella of Single Sign-On systems, either due to financial constraints or strategic choices. This disparity accentuates the pressing need for robust password management solutions.
• Consumer-Grade Limitations: While they may offer convenience, many consumer-grade password tools fall short when it comes to the rigorous security, scalability, and auditability requirements of modern enterprises.

Unveiling BeyondTrust Workforce Passwords: Your New Security Sidekick

• To address these challenges, BeyondTrust has introduced its latest enhancement to Password Safe: the Workforce Passwords feature. This new add-on solution leverages the power of Password Safe, our comprehensive solutions for managing privileged accounts, credentials, secrets, keys, and sessions—to now introduce such benefits as:
• All Accounts Under One Roof: Seamlessly manages both privileged and regular business account passwords, ensuring that no account is left vulnerable. With its comprehensive auditing and reporting capabilities, enterprises can maintain a clear view of their password health.

• Balancing Convenience with Security: Users can quickly integrate the tool into their browsers, thanks to easy downloads from the Chrome Web Store and the Microsoft Edge Add-on Store. The user-friendly browser plugin ensures passwords are easily retrievable and automatically filled, enhancing user experience—without compromising security.

• Strengthened Password Practices: Beyond just storage, the solution enforces robust password complexity requirements, ensuring that each password is a stronghold in itself.. By centralizing password management, the solution actively combats many common insecure password practices such as reuse, lax storage, and non-compliance.

A Testament to our Dedication: Robust Security Certifications

With data representing a prime target for malicious actors, BeyondTrust has demonstrated a strong commitment to protecting customer data by implementing numerous robust security controls and by meeting the highest international standards.

• ISO 27001:2022 Certification - Establishes a structured approach to managing and preserving sensitive information. This encompasses ensuring the confidentiality, integrity, and availability of data. The certification serves as a testament to our all-encompassing Information Security Management System (ISMS), covering the development, operation, and administration of our products.
• SOC 2 Type 1 certification for Identity Security Insights and SOC 2 Type 2 certification for Secure Remote Access, Privilege Management Cloud and Password Safe Cloud - Exemplifies our unwavering dedication to safeguarding customer data. It provides a clear assurance that robust controls are in place, meticulously aligned with the American Institute of Certified Public Accountants (AICPA) Trust Services Criteria.
• FedRAMP Moderate “In-Process” for Remote Support & Privileged Remote Access - BeyondTrust's Remote Support and Privileged Remote Access products, have earned the "In-Process" designation from the Federal Risk and Authorization Management Program (FedRAMP®). This recognition signifies BeyondTrust's commitment to enhancing security in federal government agencies by providing standardized, advanced cloud services. Our solutions empower agencies to efficiently manage remote access, enhancing security during a time of increasing network threats. Once BeyondTrust achieves the FedRAMP Moderate designation, federal partners can utilize these solutions to bolster security and audit controls for remote access, ensuring sensitive data protection in the evolving hybrid workplace.
• Compliance with the Data Privacy Framework - We have taken significant strides to fortify data transfers, aligning our compliance with the Data Privacy Framework, which supersedes the Privacy Shield Framework. This updated framework serves as a valid and secure conduit for data transfers from the European Union, United Kingdom, and Switzerland to the United States, further affirming our commitment to safe and reliable data handling practices.

By obtaining these certifications and implementing robust compliance programs, we empower our customers to deploy Company products and solutions with confidence, ensuring they can effectively meet their own security needs, including Identity Security and Privileged Identity Management.

Continuing to Lead in PIM, While Going Beyond

BeyondTrust continues to lead in Privileged Identity Management (PIM) by going beyond. Take, for instance, our swift response to the recent identity-centric attack involving an Okta administrator account. We leveraged our advanced Identity Security tools to shield both our infrastructure and customers from harm. As we shared the incident to educate the Okta user community and infosec professionals, we further underscored our commitment to transparency and security.

Access the full Forrester Wave™ report here. to gain deeper insights into the PIM market, or contact us today to talk about how we can help you leverage these insights to strengthen your identity security posture.

The Forrester Wave™ is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave™ are trademarks of Forrester Research, Inc. The Forrester Wave™ is a graphical representation of Forrester’s call on a market and is plotted using a detailed spreadsheet with exposed scores, weightings, and comments. Forrester does not endorse any vendor, product, or service depicted in the Forrester Wave™. Information is based on best available resources. Opinions reflect judgment at the time and are subject to change. Or The Forrester New Wave™ is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave™ are trademarks of Forrester Research, Inc. The Forrester New Wave™ is a graphical representation of Forrester’s call on a market. Forrester does not endorse any vendor, product, or service depicted in the Forrester New Wave™. Information is based on best available resources. Opinions reflect judgment at the time and are subject to change.