Management of encryption keys proves to be a major challenge for businesses

News by SC Staff

Enterprises are plagued by an epidemic of stolen, unaccounted for and mismanaged digital certificates and encryption keys.

Enterprises are plagued by an epidemic of stolen, unaccounted for and mismanaged digital certificates and encryption keys.

A report by Venafi found that organisations are deploying increasing numbers of digital certificates and encryption technologies, but that these security assets are becoming lost, stolen or unaccounted for.

A survey of 471 organisations with more than 5,000 employees found that 54 per cent had experienced either stolen or unaccounted for encryption keys, or that they were uncertain if their organisations had lost, stolen or unaccounted for encryption keys in general.

It also found that 46 per cent of organisations were managing at least 1,000 digital encryption certificates, while 20 per cent were managing more than 10,000. Also, 88 per cent of organisations had multiple administrators managing encryption keys, while 22 per cent had more than ten.

To help with this problem Venafi, a provider of enterprise key and certificate management (EKCM) solutions, has announced the release of version six of its Director platform.

According to the company, this is a platform that allows organisations to automate discovery, monitoring, validation, management and security of the most commonly used encryption assets. It provides interoperability across heterogeneous environments, scalability and orchestration capabilities that help improve security and compliance and increase critical system uptime.

Jeff Hudson, CEO of Venafi, said: “Our innovative technology platform gives organisations the ability to solve the rapidly expanding encryption key and certificate security management problem, which has been highlighted by recent sophisticated attacks and breaches like the WikiLeaks and Stuxnet incidents.

“Recent studies show that key and certificate inventories are growing every year by more than 70 per cent, and that 85 per cent of those organisations surveyed admit to inadequate management of these critical security assets. Director 6 provides advanced management, access control and automation capabilities that significantly reduce the unquantified and unmanaged risk.”

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