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August 16, 2011

Enterprise Password Management: Survey Reveals Data Theft Continues Even With Increased IT Spending

By Jamie Epstein, TMCnet Web Editor


It seems like you can’t go a week without reading a story in the news about some type of data security breach. Brennan O’ Hara, solution manager for Seattle-based Attachmate division, NetIQ (News - Alert) recently released a survey of over 200 IT “decision makers,” who commented that “although all this money and technology is being thrown at the problem, if you have a terabyte’s worth of data to dig through and you are under-staffed as an organization, under-resourced as an IT organization, it’s going to be very difficult for you to properly spend the time to navigate through all that data.” However, enterprise password management software can help in these types of situations.

In a recent article, Brian O’Higgins, president of Ottawa, Canada-based company Brian O’Higgins and Associates, said in a statement in regards to multiple cases of data theft “the whole thing is not surprising” and “there’s more attack vectors every day as IT evolves. We have greater bandwidth, technology is easier to use, we have all these little devices that store a lot of stuff and we have cloud services with more and more information,” so in essence “more attack vectors (means) more opportunities for bad guys to do stuff.”

Some of the more interesting facts highlighted within this study are “that 64 percent of respondents cited lack of time to monitor vast amounts of data and another set of folks, while 55 percent, said that they were unable to manage security in either a cloud or virtual environment.”

O’Hara responded to these interesting statistics stating that although there are several crucial steps to be taken, “I don’t think there’s one silver bullet to solving the problem.” He then added that enterprise password management is a “a very quick win, with enterprise single-sign-on or Web-access management for password management,” allowing for a dramatically increased level of security in IT.

TMCnet recently reported that Thycotic powers enterprise password management software that gives employees the ability to securely store, give out, and audit secrets such as router passwords and service accounts. Many users can be managed in one group which works great for large scale enterprise password management. The fact that each user needs to only remember one username and password makes this system incredibly successful.

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Jamie Epstein is a TMCnet Web Editor. Previously she interned at News 12 Long Island as a reporter's assistant. After working as an administrative assistant for a year, she joined TMC (News - Alert) as a Web editor for TMCnet. Jamie grew up on the North Shore of Long Island and holds a bachelor's degree in mass communication with a concentration in broadcasting from Five Towns College. To read more of her articles, please visit her columnist page.

Edited by Carrie Schmelkin