{"id":5361,"date":"2021-05-20T11:48:32","date_gmt":"2021-05-20T15:48:32","guid":{"rendered":"https:\/\/solutionsreview.com\/identity-management\/?p=5361"},"modified":"2021-05-20T11:48:32","modified_gmt":"2021-05-20T15:48:32","slug":"thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/identity-management\/thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft\/","title":{"rendered":"ThycoticCentrify: Over Half of U.S Companies Hit with Privileged Credential Theft"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-4537\" src=\"https:\/\/solutionsreview.com\/identity-management\/files\/2019\/08\/new-hacker-image-resize-compressed.jpg\" alt=\"ThycoticCentrify: Over Half of U.S Companies Hit with Privileged Credential Theft\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/identity-management\/files\/2019\/08\/new-hacker-image-resize-compressed.jpg 800w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/08\/new-hacker-image-resize-compressed-300x150.jpg 300w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/08\/new-hacker-image-resize-compressed-768x384.jpg 768w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/08\/new-hacker-image-resize-compressed-540x270.jpg 540w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/08\/new-hacker-image-resize-compressed-162x81.jpg 162w, https:\/\/solutionsreview.com\/identity-management\/files\/2019\/08\/new-hacker-image-resize-compressed-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\"><em><strong>ThycoticCentrify <a href=\"https:\/\/charts.censuswide.com\/CW7930\/CW7930_VIbox.html\" target=\"_blank\" rel=\"noopener\">recently released<\/a> research revealing more than half of American businesses have faced privileged credential theft and insider threats in the past year. The survey of 150 IT decision-makers across the U.S. was conducted by CensusWide in May 2021.<\/strong><\/em><\/p>\n<p style=\"text-align: justify\"><div class=\"box box3\">ALERT: Cyber threats don&#8217;t rest, even during global pandemics. You can learn more with the Solutions Review <a href=\"https:\/\/solutionsreview.com\/identity-management\/get-a-free-identity-and-access-management-software-solutions-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">Identity Management Buyer&#8217;s Guide<\/a> and our other resources. We also provide a Bottom Line analysis for each vendor covered therein, as well as key facts about the Identity Management market.\u00a0<\/div><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">ThycoticCentrify arose from the merger from Centrify and Thycotic, two noted members of the privileged access management (PAM) market. It works to reduce risk, complexity, and cost while securing organizations&#8217; data, devices, and code across cloud, on-premises, and hybrid environments. Additionally, it works to help businesses with their digital transformations.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">According to the research, commissioned by ThycoticCentrify with CensusWide, 53 percent of enterprises dealt with legitimate privileged credential theft. Additionally, 52 percent of organizations faced insider threat attacks. Worse, in 85 percent of the privileged theft incidents, the cyber-criminals responsible were able to access critical systems. Meanwhile, 66 percent of insider threats led to abuse of administrative privileges to illegitimately access critical systems.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">David McNeely, CTO at ThycoticCentrify, gave a statement with the release of the research. &#8220;IT administrators hold the keys to the most sensitive and mission-critical parts of the kingdom, and both internal and external attackers are taking full advantage. Abusing access to these systems can lead to full-scale breaches that grab headlines and impact trust in the organization. While there is no single solution that can eliminate every one of these risk factors, adopting Zero Trust principles is an excellent start.&#8221;<\/span><\/p>\n<p style=\"text-align: justify\">Tony Goulding, Cybersecurity Evangelist at ThycoticCentrify, also shared his thoughts. &#8220;There are many on-ramps to Zero Trust. But with privileged identities playing such a key role in most data breaches, it makes sense to begin that journey with a modern PAM solution built around a least privilege model of access control.&#8221;<\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Learn more about ThycoticCentrify <\/span><a href=\"https:\/\/www.centrify.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">here<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/thycotic.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">here<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"iam-inject\" href=\"https:\/\/suggestionengine.solutionsreview.com\/buyer\/signup\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" title=\"\" src=\"https:\/\/solutionsreview.com\/identity-management\/files\/2021\/02\/Identity_Suggestion_Engine_Horiz_800.gif\" alt=\"IAM Solution Suggestion Engine\" width=\"800\" height=\"100\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ThycoticCentrify recently released research revealing more than half of American businesses have faced privileged credential theft and insider threats in the past year. The survey of 150 IT decision-makers across the U.S. was conducted by CensusWide in May 2021. ThycoticCentrify arose from the merger from Centrify and Thycotic, two noted members of the privileged access [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":4537,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6,1],"tags":[142,125,16,1204,76,70,30,1690,1691,1669],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ThycoticCentrify: 53% of U.S Companies Face Privileged Credential Theft<\/title>\n<meta name=\"description\" content=\"ThycoticCentrify recently released research revealing more than half of American businesses have faced privileged credential theft and insider threats.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/identity-management\/thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ben Canner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft\/\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft\/\",\"name\":\"ThycoticCentrify: 53% of U.S Companies Face Privileged Credential Theft\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2019\/08\/new-hacker-image-resize-compressed.jpg\",\"datePublished\":\"2021-05-20T15:48:32+00:00\",\"dateModified\":\"2021-05-20T15:48:32+00:00\",\"author\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#\/schema\/person\/357f925262827fcf840b4341920a1541\"},\"description\":\"ThycoticCentrify recently released research revealing more than half of American businesses have faced privileged credential theft and insider threats.\",\"breadcrumb\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/solutionsreview.com\/identity-management\/thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft\/#primaryimage\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2019\/08\/new-hacker-image-resize-compressed.jpg\",\"contentUrl\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2019\/08\/new-hacker-image-resize-compressed.jpg\",\"width\":800,\"height\":400,\"caption\":\"Morgan Stanley Suffers Data Breach Due to Third-Party Attack\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/thycoticcentrify-over-half-of-u-s-companies-hit-with-privileged-credential-theft\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/solutionsreview.com\/identity-management\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ThycoticCentrify: Over Half of U.S Companies Hit with Privileged Credential Theft\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#website\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/\",\"name\":\"Best Identity Access Management (IAM) Software, Tools, Vendors, Solutions, &amp; 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