If that doesn't scare you, it should: Anyone who knows the passwords could log in and have complete control over servers and applications, and you'd have no ability to track who made changes or accessed data.
Just as bad, at many companies there's only one system administrator who knows a critical password. This situation is dangerous, as the case of Terry Childs shows. Childs, you may remember, was a network administrator in San Francisco who last year was accused of locking top administrators out of the city's network. At the time, he was the only person with passwords to many of the city's routers.
Account Ability
Some organizations use a low-tech approach to secure administrator accounts, constructing elaborate systems where privileged account passwords are stored in sealed envelopes in a fireproof safe, with a paper record of when they were accessed. These measures are probably better than nothing, but they don't fully address password access control and user accountability, and can quickly become unworkable for larger installations.
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The dangers of administrator accounts are well known, but few organizations have a comprehensive way to manage these all-powerful accounts. It's not that organizations want to leave themselves open to vulnerability and accountability issues. The problem is that privileged accounts are difficult to manage because there are so many of them. Every server and workstation has a local administrator account, as do most applications. Even services running on servers, such as a backup agent or a Web server, use privileged accounts to function. All the routers, switches, and firewalls on your network do, too.
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