SALT LAKE CITY--(BUSINESS WIRE)--Venafi®, the inventor and leading provider of machine identity protection, today announced the results of a survey on security and privacy regulation that evaluated the opinions of 384 IT security professionals attending Black Hat USA 2019.
According to the survey, 80% of security professionals agree that more security and privacy legislation is needed, especially for social media organizations that store personal data. However, nearly the same number of respondents (82%) don’t believe their elected officials understand cyber risks well enough to develop and enact effective security regulation.
Additional findings from the survey include:
- Ninety-three percent do not trust social media organizations to protect their personally identifiable information.
- Eighty-two percent do not trust the government to protect their personally identifiable information.
- Eighty percent of respondents say government officials do not understand the cyber risks targeting digital infrastructure.
“There’s a global wave of legislators, regulators and law enforcement officials proposing controversial surveillance laws such as government mandated encryption backdoors,” said Kevin Bocek, vice president of security strategy and threat intelligence at Venafi. “However, security professionals lack confidence in politicians’ abilities to improve cybersecurity given the unabated flood of government breaches in the U.S. and around the world. The results of our survey send a clear message that governments must improve their cybersecurity fluency in order to make a meaningful impact and help our frontline defenders protect the global economy, freedoms and privacy.”
Venafi is the cybersecurity market leader and inventor of machine identity protection, securing machine-to-machine connections and communications. Venafi protects machine identity types by orchestrating cryptographic keys and digital certificates for SSL/TLS, IoT, code signing, mobile and SSH. Venafi provides global visibility of machine identities and the risks associated with them for the extended enterprise – on premises, mobile, virtual, cloud and IoT – at machine speed and scale. Venafi puts this intelligence into action with automated remediation that reduces the security and availability risks connected with weak or compromised machine identities while safeguarding the flow of information to trusted machines and preventing communication with machines that are not trusted.
With over 30 patents, Venafi delivers innovative solutions for the world's most demanding, security-conscious Global 5000 organizations and government agencies, including the top five U.S. health insurers; the top five U.S. airlines; the top four credit card issuers; three out of the top four accounting and consulting firms; four of the top five U.S., U.K., Australian and South African banks; and four of the top five U.S. retailers. Venafi is backed by top-tier investors, including TCV, Foundation Capital, Intel Capital, QuestMark Partners, Mercato Partners and NextEquity.
For more information, visit: www.venafi.com.