The average financial impact of a cyberattack rose from $1.4 million to $13 million per attack in the first half of 2020. As more companies move workloads to the cloud and adopt collaboration tools to support remote workforces, attackers are consistently refining their strategies to exploit areas of business transformation. Privileged access management is one of the most effective ways to stop lateral movement by securing the access points attackers need to move across a network, thereby helping to block progression of an attack. CyberArk Labs has identified four strategies that prioritize privileged access management in order to better arm businesses to defend against them.”]