Centrify Survey: Managing Identity is at the Heart of Protecting Data

Half of IT data managers say their organizations have suffered a breach; tighter management of credentials is the key to stopping massive hacks

SANTA CLARA, Calif.--()--Centrify Corporation, the leader in securing identities from cyberthreats, today announced findings from its recent State of the Corporate Perimeter survey of more than 400 US and UK IT decision makers (ITDMs) that aimed to find out if corporations are as secure as they need to be. While major breaches at iconic brands like Sony and the Office of Personnel Management make headlines, Centrify sought to evaluate the cause and effect of breaches on organizations that do not make the front page. Results showed not only that corporations are vulnerable to attack, they validated Centrify’s hypothesis that protecting identity is at the heart of protecting data.

Topline survey data reveals millions of dollars in identity-related damages:

  • 55 percent of US ITDMs and 45 percent of their UK counterparts say their organizations have suffered a security breach in the past.
    • Together, those breaches cost the companies involved millions of dollars in damages.
  • Three quarters of US ITDMs and more than half of UK ITDMs agree their organizations need to do a better job of monitoring who has access to their data.

The question of who has access to data—including when and for how long—is also cause for considerable alarm.

  • 59 percent of US ITDMs and 34 percent of UK ITDMs report sharing access credentials with other employees at least somewhat often.
  • Another 52 percent of US ITDMs and 32 percent of UK ITDMs share access at least somewhat often with contractors.

If shared credentials provide entry to privileged accounts, hackers essentially receive the ‘keys to the kingdom’—elevated access to an organization’s most critical data, applications, systems and network devices.

  • Among ITDMs who grant access to contractors, 82 percent in the US and 68 percent in the UK say it would be at least somewhat easy for those contractors to gain access to their company’s digital assets.
  • 53 percent of US respondents and 32 percent of UK respondents say it would be at least somewhat easy for a former employee to still log in and access data.
  • Half of all ITDMs say it can take up to a week or more to remove access to sensitive systems.

“Centrify is committed to providing organizations with the tools they need to secure an evolving corporate perimeter,” said Tom Kemp CEO and co-founder of Centrify. “And there’s the rub: today’s corporate perimeter has nothing to do with physical headquarters and contains data that resides in the cloud and on the numerous devices employees and contractors use in the field. It’s our hope that this survey helps convince IT decision makers to take steps now to enhance identity management before hackers find holes and exploit them.”

For more survey findings or to view the full results, please visit www.centrify.com/identity-survey/.

For more information about Centrify’s award-winning identity management platforms, please visit www.centrify.com.

About Centrify

Centrify strengthens enterprise security by managing and securing identities from cyber threats. As organizations expand IT resources and teams beyond their premises, identity is becoming the new security perimeter. With our platform of integrated software and cloud-based services, Centrify uniquely secures and unifies identity for both privileged and end users across today’s hybrid IT world of cloud, mobile and data center. The result is stronger security and compliance, improved business agility and enhanced user productivity through single sign-on. Over 5000 customers, including half of the Fortune 50 and over 80 federal agencies, leverage Centrify to secure identities. Learn more at www.centrify.com.

Centrify is a registered trademark and Centrify Server Suite and Centrify Identity Service are trademarks of Centrify Corporation in the United States and other countries. All other trademarks are the property of their respective owners.

Contacts

Centrify Corporation
Media Contact:
Jeff Seedman, 415-249-6763
jeff.seedman@finnpartners.com
or
Analyst Contact:
Becca Chambers, 669-444-5446
becca.chambers@centrify.com

Release Summary

Centrify Corporation today announced findings from its recent State of the Corporate Perimeter survey of more than 400 US and UK IT decision makers.

Contacts

Centrify Corporation
Media Contact:
Jeff Seedman, 415-249-6763
jeff.seedman@finnpartners.com
or
Analyst Contact:
Becca Chambers, 669-444-5446
becca.chambers@centrify.com