Reevaluate Your Cybersecurity Spend in 2017

Without a doubt, the most frustrating fact I face every day is this: Companies spend a meager 4.7% of their total security budgets on identity and access management (IAM) – while compromised identities are responsible for 80 percent of all data breaches. Eighty percent. This glaring disconnect is almost more than I can wrap my head around. Here’s the math: According to Gartner’s “Forecast: Information Security, Worldwide, 2015-2021, 2Q17 Update,” in 2015, companies spent nearly $84 billion on security. Approximately 4.7 percent of that ($4 billion) went towards identity and access management. This year, the total security spend is projected to…

4 Tips to Stay Safe Online for National Cybersecurity Awareness Month

Help! I Love the Internet, But My Identity and Data Are Up For Grabs — Should I Just Unplug?! In honor of National Cybersecurity Awareness Month, we at Centrify are doing what we can to help you to be #CyberAware. The theme for the first week is around simple steps to online safety. Have you ever considered how to protect your privacy or identity while “online”? Have you noticed over the last few years how many times your data has been stolen or exposed by hackers? Have you observed that most of these breaches were from systems where you were…

Ushering in a Cybersecurity Renaissance with the World’s Top Experts

As CEO Tom Kemp mentioned in his recent blog post, Centrify has reengineered its annual user group event to more comprehensively tackle the many security issues facing organizations today. As the thought leader partner for CyberConnect 2017, ICIT has spent the last several months building a powerful curriculum which will empower business and technical leaders tasked with defending their organizations from digital threats. The result is a program that will inspire, educate, and ultimately help bring order to organizations developing strategies to survive in today’s cyber kinetic meta war. At ICIT, we believe we’ve entered a new paradigm where old…

Reflecting on Centrify’s Rethink Security Approach

In the last 12 months, Centrify is the only company to be acknowledged for it’s  vision and leadership in the Gartner Magic Quadrant for Identity and Access Management-as-a-Service,  The Forrester Wave: Privileged Identity Management, and in the Gartner Critical Capabilities for IDaaS Research for Workforce to SaaS, 2016. These acknowledgements demonstrate our growing influence in the industry with a unique point of view for customers who recognize the increased value in securing access for all enterprise identities in one, built from the ground up platform vs. the point solutions offered by others in the industry. Our mantra has been and…

Centrify Invests in Educating Cyber Leaders on Cutting Edge Defenses

As a leader in the industry, we at Centrify feel it is our corporate responsibility to provide truly objective thought leadership, education and guidance to empower cyber security leaders with the tools necessary to defend against digital adversaries. To support this goal, I’d like to invite you to CyberConnect, a two day security conference convening executives from some of the world’s biggest organizations in New York City November 6 and 7th. We have one simple, yet powerful motivation behind CyberConnect: To educate and better secure the companies, people and data within the critical infrastructure of the country. It is undeniable…

6 Reactions to the Cisco 2017 Midyear Cybersecurity Report: Part 1

When reading this year’s “Cisco Midyear Cyber Security Report,” a few things jump out that bear discussion. Vendor Consolidation First, one of the key findings is related to the “fragmented security toolbox,” and from it, having so many point solutions solving for security gaps actually creates problems. If they are layered effectively, integrated fully and managed appropriately, point solutions are a winning approach. But when you look at the number of separate solutions that need individual attention to stay effective, the administrative burden deters from incident response plan. This leads to the report’s conclusion that consolidation of vendors limits this effect….

Post-Brexit Data Flows: Why There’ll be No Place for UK Firms to Hide from GDPR

As with most aspects of the EU, unhindered cross-border data flows are something most U.K. firms just take for granted these days. Thanks to the cloud, huge volumes of corporate data is stored in third party providers’ data centres, frequently not even in the UK. Aside perhaps from those in highly regulated sectors, corporate users don’t think twice about accessing that data, and sending it to and from partners and customers on the continent. However, the U.K.’s departure from the world’s biggest trading bloc raises new questions about the legality of such transfers. In a new report, the House of…

Four Things You Don’t Know About Cybersecurity… That You Should

Ponemon Institute recently conducted a survey, sponsored by Centrify, designed to more deeply understand the current state of cybersecurity. The Impact of Data Breaches on Reputation & Share Value: A Study of U.S. Marketers, IT Practitioners and Consumers examines differing perspectives across a number of security topics. I’d like to focus on IT professionals at this time, as I believe the results are enlightening, to say the least. 43 Percent of IT practitioners said their organization had a data breach involving sensitive customer or business information in the past two years. This tells us that more than one in five organizations…

How are CFOs Affected By a Security Breach?

Centrify teamed up with security researcher Ponemon Institute to survey a large group of IT, information security, senior marketing and communication professionals as well as a healthy number of consumers. A key objective of the study was to get a handle on the financial impact of a cyber security breach on a typical organization. The bottom line (no pun intended) is that, the day the breach makes headlines: Your stock price will drop between an average of 3% to 7% when breach is announced You stand to lose a significant number of your customers You will see a corresponding loss…