State of Michigan's Brian Kettles
Bill Mann, chief product officer at Centrify.
Centrify, a leading provider of Zero Trust Security through the power of Next-Gen Access, has announced that the US State of Michigan Department of Technology, Management and Budget (DTMB) has successfully implemented Centrify Infrastructure Services to reduce the risk of data breaches.
The Centrify solution empowers the Michigan DTMB to increase security, comply with a myriad of Federal regulations, and improve audit performance using centralised privileged identity management.
Before deploying Centrify, DTMB used a home-grown identity solution and was challenged by offering privileged access to too many users. The lack of visibility made it difficult to centrally provide and manage access control compliance for regulations, industry standards, and policies, which resulted in audits from critical citizen agencies that provided key services.
Centrify, a leading provider of Zero Trust Security through the power of Next-Gen Access, is concerned that complying with the increasing amount of red tape required to retain personal information may hamper the ability of a business to protect that customer information successfully.
Already this year, Australian companies have seen the implementation of national Notifiable Data Breach legislation and the mandating of GDPR regulations for businesses with a presence in Europe. In addition, the Australian Prudential Regulation Authority (APRA) is currently developing a new proposed cybersecurity standard, CPS 234, planned to take force from July next year to further strengthen the Australian financial system. In April this year, the New Zealand Government announced plans to refresh its three-year-old Cyber Security Strategy.
Centrify Senior Director APAC Sales Niall King said regulatory protection of information privacy was completely commendable. “The challenge that faces companies is they have to defend against cyberattacks while also having to comply with multiple regulations from diverse jurisdictions,” he said.
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, 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.