Centrify Senior Director APAC Sales Niall KingCentrify, the leader in securing hybrid enterprises through the power of identity services, has released research which reveals that nearly 70 per cent of Australian IT professionals lack confidence in the ability of their organisations to prevent, detect and resolve data breaches.

As concerns grow globally about a cybersecurity skills shortage, Centrify-commissioned Ponemon research from Australia, the US, the UK and Germany, shows that 68 per cent of surveyed Australian IT professionals report they do not believe their companies have a high level of ability to prevent breaches.

The study reveals that 40 per cent of Australian IT practitioners report their organisation had suffered a data breach involving sensitive customer or business information in the past two years. That translates to a serious breach exposing extensive confidential data in two in every five organisations.

A recent report by the Australian Cyber Security Growth Network predicts that Australia will need an extra 11,000 cybersecurity employees to keep pace with increasing threats. While this warning aligns with growing concern about a global shortage of qualified cybersecurity professionals, most of those surveyed in Australia (62 per cent) admit they fear losing their jobs if a data breach does occur.

Centrify Senior Director APAC Sales Niall King, who is responsible for Australia and New Zealand, said every type of organisation needed qualified cybersecurity staff with the skills and experience to mitigate against growing threats. “With a shortage of candidates, cybersecurity technology must take up the slack,” he said.

“Organisations must take a smarter approach to their security needs, implementing tools that are more efficient, consolidating vendors and platforms, and empowering their IT departments. Now more than ever, cybersecurity requires C-suite involvement to ensure its IT department has the right tools to succeed rather than being left in the hot seat to take the fall.”

For years, organisations relied on a well-defined boundary to protect their assets. Today, the enterprise comprises an increasingly complex digital canvas of identities that live both within and beyond the changing network perimeter — while some have no perimeter at all!

Traditional security measures are failing to safeguard against breaches. To avoid financial and reputational ruin, organisations must rethink their approach to security - moving beyond a static perimeter-based approach to one that protects millions of scattered connections. This challenge is exacerbated by a growing shortage of qualified cybersecurity professionals:

  • Tech market research firm Vanson Bourne states that 82 per cent of IT decision-makers report a lack of cybersecurity skills within their organisation while one-in-three say a shortage of skilled IT professionals makes them prime hacking targets
  • Non-profit information security advocacy group ISACA predicts a global shortage of two million cybersecurity professionals by 2019
  • Cybersecurity data tool CyberSeek says 40,000 US information security analyst jobs go unfilled each year while employers struggle to fill 200,000 other cybersecurity-related positions
  • Verizon reports that 80 per cent of breaches are due to compromised credentials, and
  • Forrester research shows organisations with the highest levels of cybersecurity maturity are 50 per cent less likely to have a breach, incurring $5 million less in breach costs and saving 40 per cent in security costs, than their less mature counterparts.

Centrify addresses these problems by offering the industry’s only integrated platform designed to stop data breaches through the trifecta of Identity Services for applications, endpoints and infrastructure — both on-premises and in the cloud. Centrify’s platform secures access for a company’s entire “identityscape”, including end users, partners, customers and privileged users.

Centrify’s new PIM capabilities enable cybersecurity best practices, adding to its integrated services that help organisations improve their Identity and Access Management maturity level and security posture.

Centrify is the trusted provider in access management. Led by a team with decades of experience redefining security, Centrify is trusted by more than 5000 global customers to defend their organisations, including more than half of the Fortune 50 in the US. See how Centrify Stops the Breach.

For media assistance in Australia and New Zealand, call John Harris on +61 8 8431 4000 or email john@impress.com.au.

About Centrify

Centrify redefines security from a legacy static perimeter-based approach to protecting millions of scattered connections in a boundaryless hybrid enterprise. As the only industry-recognised leader in both Privileged Identity Management and Identity-as-a-Service, Centrify provides a single platform to secure each user’s access to apps and infrastructure through the power of identity services. This is Next Dimension Security in the Age of Access. Centrify is enabling more than 5000 customers, including over half the Fortune 50 in the US, to defend their organisations. To learn more visit www.centrify.com

The Breach Stops Here.

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

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