Thycotic Expands Password Security Offering

By   ISBuzz Team
Writer , Information Security Buzz | Jun 27, 2014 01:30 am PST

Secret Server 8.6 Provides Organizations’ Employees with Simplified User Interface to Encourage Better Password Practices and Mitigate the Chances of a Data Breach

Thycotic, a provider of smart and effective privileged access management solutions for global organizations, have announced the release of the newest version of its flagship solution, Secret Server. Designed to liberate password management tools from IT departments and make them accessible to end users, Secret Server 8.6 increases organizations’ overall IT security by providing the option of using an intuitive user interface that streamlines the process of managing privileged accounts, enabling users without a background in IT security to store passwords and manage their own work-related credentials.

“Rolling out password vaulting and credential management to non-IT personnel encourages employees to be more mindful of the vulnerability of their credentials,” said Ben Yoder, Product Manager at Thycotic. “Many times, a simple lack of internal education about threats can undermine even the most well-planned security policies. By giving end-users ownership over their secrets, IT can essentially deputize them to defend their passwords against potential threats.”

Secret Server’s latest version also empowers IT administrators to better manage privileged access across their organization by setting and enforcing security policies for entire folders, rather than making changes to each individual secret. IT staff can adjust and expand corporate security policies with more agility; saving time and resources previously required to ensure regulatory compliance, while also limiting opportunities for human error.

Other updates to Secret Server include the ability to enroll in two-factor authentication through Google Authenticator. This provides an additional level of security by allowing employees to use their smartphone or tablet as a security token while avoiding any administrative friction associated with managing traditional tokens. Secret Server 8.6 also features expanded support for changing passwords on websites and SaaS applications such as Salesforce.com, allowing administrators to schedule automatic password rotation and further securing applications essential to an organization’s business operations.

“It may seem daunting to educate non-technical employees on the dangers associated with mismanaged passwords. However, when you consider the real costs associated with a breach, keeping security policies and best practices limited to the IT department is no longer an option,” said Jonathan Cogley, founder and CEO of Thycotic. “After a breach occurs, employees in any department may be held accountable depending on the circumstances. Tools like Secret Server allow those employees to acknowledge and own that accountability, and help prevent attacks before they can take place.”

For more information on Thycotic’s flagship privileged identity management solution, Secret Server, or to sign up for a free trial, visit: http://www.thycotic.com/products_secretserver_overview.html.

About Thycotic

Thycotic Thycotic deploys intuitive, reliable solutions that empower companies to remove the complexities associated with proper control and monitoring of privileged account passwords. A 2013 Inc. 5000 company, Thycotic is trusted by more than 100,000 IT professionals worldwide – including members of the Fortune 500, enterprises, government agencies, technology firms, universities, non-profits and managed service providers. To learn more, please visit www.thycotic.com.

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