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Pottinger executive chair Nigel Lake will present at this week's Myriad Festival in Brisbane

The Australian dream run of economic prosperity is at risk unless the nation supports start-ups to drive a new wave of innovation warns Nigel Lake, executive chair of global advisory firm Pottinger

Mr Lake, who will speak at this week’s Myriad start-up festival in Brisbane, said creating new businesses and new jobs was of paramount importance to “the future of everything”. “In Australia, the canary in the employment coal mine is wobbling on her perch,” he said. 

“Though unemployment is low, real wage growth is stubbornly slow and is further imperilled by an imminent wave of technology. The threat to the Australian dream is severe. More than 90 per cent of the value of our top 100 companies is in old economy industries, with the top four all banks.

“In the US, the four largest companies are Microsoft, Apple, Google and Amazon. So far this century, Australia has created just two tech start-ups worth more than A$1bn - Atlassian and Canva, collectively valued at about A$20bn. In contrast, the 10 largest US tech companies have created more than A$4 trillion during the same period.  Australia doesn’t even feature on some world tech start-up maps.

Centrify's Niall King (left) with Vectra's Chris Smerdon

Centrify, a leading provider of Zero Trust Security through the power of Next-Gen Access, today announces Vectra Corporation as a reseller for its identity management platform in Australia and New Zealand.

Vectra sees a strong opportunity for Centrify’s Identity and Access Management and Privileged Identity Management products in Australia, due to the new Notifiable Data Breach law and to assist financial services organisations reduce identity risk as the Federal Government-appointed Financial Services Royal Commission scrutinises the industry.

Poor identity management is the cause of many data breaches, according to Verizon’s 2017 Data Breach Investigation Report, which reported that 81 per cent of hacking-related breaches leveraged either stolen and/or weak passwords.

Centrify’s solution, which uniquely converges Identity-as-a-Service (IDaaS), enterprise mobility management (EMM) and privileged access management (PAM), is used by more than 5000 organisations globally, including more than half the Fortune 100 in the US. Centrify has a well-established customer base in Australia and New Zealand.

Vectra, a national cybersecurity solutions and services provider that helps business fight cybercrime, protect data and reduce security risk, has strength in industry sectors including financial services, health, government and the defence sector.

Centrify Senior Director APAC Sales Niall King said Vectra had the experience and expertise to open new doors for the Centrify security platform in Australia and New Zealand. “Vectra can introduce Centrify to enterprise customers that can benefit from our identity management solutions,” he said.

YourDC CEO Scott Hicks: "I decided that Redflow was the far superior option "Australian technology entrepreneur Scott Hicks has saved thousands of dollars a year in power costs at his riverside holiday house by adding solar panels and a Redflow ZCell zinc-bromine flow battery.

Mr Hicks, CEO of private data centre provider YourDC, bought the spacious house at Mannum, a Murray River town 84 kilometres east of Adelaide, as an accessible hideaway from the working week. The 10-year-old holiday house is on the banks of the Murray River, among gum trees and wildlife.

However, during his first year, Mr Hicks discovered this peaceful repose came a price - the high cost of electricity. “During the first year, we found that our power bills were huge,” he said. “Our usage peaked at the most expensive time of day because we had lots of air con running.” 

After researching solar panels and energy storage systems, Mr Hicks said Redflow’s ZCell zinc-bromine flow battery stood out. “I decided that Redflow was the far superior option out at Mannum where it’s a couple of degrees warmer than in the Adelaide metro area,” he said.

Centrify Senior Director APAC Sales Niall King

Centrify, a leading provider of Zero Trust Security through the power of Next-Gen Access, today celebrates World Password Day by calling for the end of this outmoded form of protection.

World Password Day turns up annually on the first Thursday of May - as in today, May 3, 2018 - as a day to promote good security hygiene and password habits.

However, Centrify, a cybersecurity company whose products are used by more than half the Fortune 100 organisations in the US, warns people that passwords provide a false sense of security.

Centrify Senior Director APAC Sales Niall King said passwords fail to protect online resources. “The bottom line is that passwords are not doing the job they’re intended for,” he said.