Data protection laws in full force
While legal frameworks have started to be firmer, 2015 will see more rapid developments surrounding data protection law.
"This will put added pressure on organisations in the region to secure the data of customers," CyberArk claims.
"This includes coming up to internal data protection strategies such as having privileged and restricted access to more sensitive customer data."
Social media, tools as a threat frontier
Social media, along with collaborative and social tools such as Google Docs have gained traction in recent years and the trend is expected to continue into 2015.
However, social media and tools are set to be the next threat vector for enterprises.
Many organisations have corporate social media pages but do not have the same vigilance level when it comes to security, as compared to sensitive corporate data.
"Social media accounts are effectively poster children for the vulnerabilities associated with shared privileged accounts," CyberArk states.
"Hackers and malicious insiders will target the passwords for these accounts, which are easy to crack and are shared among teams."
Cloud adoption drives privileged account security
Organisations have turned to cloud computing and mobile devices to stay competitive as well as increase the productivity of employees in recent years.
"As the use of cloud continues to grow in enterprises in the year ahead, SaaS, PaaS and IaaS will lead to an explosion of privileged accounts due to its presence of third-party vendors on internal networks," CyberArk concludes.
"Organisations will look to enhance security of privileged accounts with more capabilities such as context-aware access controls and automatic credential management."