- Company (that provides the nominated product / solution / service): Thycotic
- Website: http://www.thycotic.com
- Company size (employees): 100 to 499
- Country: United States
- Type of solution: Software
- Approximate number of users worldwide: More than 7,500 companies
What other awards did this nomination receive in the previous 12 months?
Introduced Secret Server 10.3 and Privilege Manager solutions that enable organizations to store, distribute, change and audit enterprise passwords in a secure environment while easing the burden of least privilege with application whitelisting and privilege elevation.
Released industry’s first free PAM Risk Assessment Tool, a tool for organizations to complete an official, standards-based assessment to obtain their risk score on their PAM security.
Thycotic has released Industry Research in 2017 such as:
Thycotic’s report on the Current and Future State of Password Security – reporting that a total of 300 billion passwords will be at risk by 2020.
Security Measurement Index Report, showing organizations how IT security effectiveness compares to best practices and those of peers
2017 Black Hat Survey, where hackers revealed what cybersecurity technologies are obsolete and the easiest way to access sensitive data
It’s products are rated ahead of their peer group on Gartner https://www.gartner.com/reviews/market/PrivilegedAccessManagementSolutions/compare/Thycotic-vs-cyberark-vs-BeyondTrust-vs-avecto
In Q3 2017 (July-September), Thycotic added more than 190 new customers with 97 percent maintenance renewal rates, indicating superior customer satisfaction. The company currently serves more than 7,500 customers across every major vertical market throughout the world.
In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:
-Enabling security and DevOps teams to implement a least privileged security posture in minutes, without sacrificing end user productivity
-The new update encompasses a DevOps tool and Local Security Solution (LSS) within Privilege Manager, allowing for local security management, application development and application control.
This release solves one of the biggest operational security challenges facing organizations today: implementing a least privilege security posture without impacting end user productivity. CISOs and other security leaders have been telling us that ‘least privilege’ security sounds great in theory but is nearly impossible to implement in practice. They all want to remove local administrative rights but are afraid of the pushback from end users.
The 10.4 release introduces Local Security Solution (LSS) as part of the Privilege Manager product. LSS allows administrators to easily implement and enforce a least privileged security posture across their organization’s endpoints, eliminating a major attack vector without disrupting end user productivity. This functionality, coupled with native application control in Privilege Manager, can help prevent malware from exploiting local credentials on endpoints – the most vulnerable part of an attack surface.