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Venafi Media Alert: The Five Key Trends Driving the Machine Identity CrisisRSA (News - Alert) Conference Booth #S1435 - Every machine needs a unique identity in order to authenticate itself and communicate securely with other machines. This requirement is radically changing the definition of machines-from traditional physical devices, like laptops and servers, to virtual machines, containers, microservices, IoT devices and AI algorithms. According to Kevin Bocek, vice president of security strategy and threat intelligence for machine identity protection leader Venafi, all of these device types have been critical to innovation and digital transformation-yet little is done to safeguard their identities. "While the number of machines in the cloud, hybrid infrastructure and enterprise networks is exploding, most organizations are still attempting to protect machine identities using human methods like spreadsheets," said Bocek. "However, this approach creates its own set of problems-businesses can't keep up with the changes in volume and are being exposed to unacceptable risks." Secure, reliable authentication is essential to protect machine-to-machine communication, yet protecting every machine identity across an enterprise can be a challenge. But, if machine identities are not adequately protected the resulting damage can be serious. According to a report from AIR Worldwide, between $51 billion to $72 billion in losses to the worldwide economy could be eliminated through the proper management and protection of machine identities. According to Bocek, these five major trends are contributing to the complexity and explosive growth of machines, which in turn are creating a Machine Identity Crisis:
Bocek added: "Organizations can only solve these problems with intelligent automation, and they must have complete visibility into every machine identity in the cloud, microservice, IoT network, mobile device and enterprise network. In addition, businesses need to monitor these identities in real time to detect misuse, misconfiguration and errors, as well as automatically remediate vulnerabilities discovered at machine speed and scale. DevOps and cloud engineering teams need to be given the speed of automation, and security teams must focus on safety." Additional Resources: Blog: 5 Major Trends that Are Fueling the Machine Identity Crisis Whitepaper: The Machine Identity Crisis Continues About Venafi 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 (News - Alert) Capital, QuestMark Partners, Mercato Partners and NextEquity. For more information, visit: www.venafi.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20200225005029/en/ |