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Posts from the ‘Privileged Access Management’ Category

Centrify’s New CEO Has A Compelling Vision For The Future Of Cybersecurity

Bottom Line: Flint Brenton’s vision for the future of Centrify and cybersecurity, in general, prioritizes the need for privileged access management to become core to the multi-cloud architectures and DevOps environments he sees pervading customers’ enterprises today.

Every new cybersecurity company CEO is writing their vision of the future by their decisions and the priorities they are based upon. From tech dominance to sales success, each CEO has their own long-term strategy and idea of what they and the company need to excel at to succeed.

Defining Cybersecurity As A Core Part Of DevOps

It is always fascinating to speak with new CEOs at cybersecurity companies and see what their vision for the company is after they’ve been there a few months. I recently had the opportunity to sit down and talk with Flint Brenton, who joined Centrify as President and CEO in July of this year. Flint leads the strategic direction and execution of the company’s vision drawing from an exceptional track record of accelerating growth through product innovation and sales execution. He recently served as president and CEO of CollabNet VersionOne, which pioneered the Value Stream Management market. He previously held president and CEO positions at AccelOps and Tidal Software and has successfully led engineering teams at NetIQ, Compaq, BMC Software, IBM and more.

Flint sees the needs of enterprise developers creating new apps using DevOps as pivotal to the future of Centrify, specifically and cybersecurity in general. A core part of those developers’ needs is securing privileged access management (PAM) in multi-cloud environments while supporting agile development. 

My interview with him provided five key insights into why cybersecurity will increasingly be defined by how well it can be incorporated into “DevSecOps,” and how Centrify’s vision for the future looks to capitalize on that demand and drive PAM into the DevOps pipeline to further automate built-in security practices:

  • Cybersecurity providers’ cloud-based architectural platforms will define the competitive landscape for the next several years in the industry. Since accepting the CEO role in July, Flint has been spending most of his time talking with customers to gain in-depth insights into their greatest challenges. He is hearing about the challenges customers face when attempting to make different cybersecurity vendors’ solutions work together and function in a multi-cloud architecture. “Having a clear architectural advantage where features can be added quickly is going to be key in cybersecurity for years to come,” he explained.
  • Any cybersecurity company’s vision needs to consider the speed at which infrastructure and workloads are moving from on-premise to the cloud – it’s faster than predicted. One of Centrify’s financial services customers in APAC is launching a virtual bank and wants the new venture to be entirely cloud-based. Like many Centrify customers, they are considering a multi-cloud architecture, including Amazon AWS, Google Cloud and Microsoft Azure. Flint explains they will need a security model and identity management controls that run in the cloud to accommodate their current and future computing plans. The FinTech is relying on Centrify to secure privileged access for administrators to its multi-cloud environment.
  • Viewing every enterprise customer as a software business first helps remove roadblocks to delivering more value faster. Cybersecurity companies need to consider how they can streamline DevOps and DevSecOps cycles by providing enterprise developers with new tools to integrate identity management efficiently. “The developer is now building identity management into apps and frequently those apps are built using container-based models and they are then deployed either into cloud, on-prem, or a combination of both,” Flint said.
  • Design in flexibility for the many different buying communities you’re trying to serve early on and continually monitor them to learn about what’s most valuable to them. DevOps leaders’ buying community is among the most self-sufficient, willing to download a trial, install it and buy it. Enterprise sales are more research and time-intensive. Flint observed that a company’s vision needs to encompass each buying community’s unique nature and be willing to extend platform-level features and DevOps tools if necessary.
  • Buy-in from the DevOps community will become increasingly important in cybersecurity in general and is a core part of Centrify’s vision. Prior to taking the helm at Centrify, Flint was the CEO of CollabNet VersionOne, where he helped define value stream management as a market standard. I asked him if he sees any parallels with value stream management’s success and the vision he has for Centrify. “The key with value stream management is to understand how developers wanted or needed to build software more successfully in the future. So you have to get the buy-in of the development community to include it in what they’re building, rather than making an appetite of adding it after it’s already been deployed. So I think that’s a major focus in the DevSecOps market. Make it part of what is built. Don’t allow it to become an afterthought,” Flint said. The future of cybersecurity will increasingly be defined by how easily Identity Access Management (IAM) and Privileged Access Management (PAM) can be designed at the beginning of DevOps and DevSecOps cycles.

Conclusion

What I find most compelling about his vision is how essential every person is to breaking apart complex cybersecurity problems and solving them. Flint’s vision of providing DevOps teams with the tools they need to design in identity access management is groundbreaking. No one is talking about design wins in this area of the market today.

Centrify is quickly turning into a company that actively seeks out their customers’ most difficult obstacles and uses them to challenge itself to grow and do excellent work. They are looking for cybersecurity leaders with cloud-based development skills, AI skills and automation skills who are up for the challenge.

83% Of Enterprises Transformed Their Cybersecurity In 2020

83% Of Enterprises Transformed Their Cybersecurity In 2020

  • 73% of enterprises (over 500 employees) accelerated their cloud migration plans to support the shift to remote working across their organizations due to the pandemic.
  • 81% of enterprises accelerated their IT modernization processes due to the pandemic.
  • 48% of all companies surveyed have accelerated their cloud migration plans, 49% have sped up their IT modernization plans because of Covid-19.
  • 32% of large-scale enterprises, over 500 employees, are implementing more automation using artificial intelligence-based tools this year.

These and many other insights are from a recent survey of IT leaders completed by CensusWide and sponsored by Centrify. The survey’s objectives on understanding how the dynamics of IT investments, operations and spending have shifted over the last six months. The study finds that the larger the enterprise, the more important it is to secure remote access to critical infrastructure to IT admin teams. Remote access and updating privacy policies and notices are two of the highest priorities for mid-size organizations to enterprises today. The methodology is based on interviews with 215 IT leaders located in the U.S.     

Key insights from the survey include the following:

  • The overwhelming majority of enterprises have transformed their cybersecurity approach over the last six months, with 83% of large-scale enterprises leading all organizations. It’s encouraging to see small and medium-sized businesses adjusting and improving their approach to cybersecurity. Reflecting how digitally-driven many small and medium businesses are, cybersecurity adjustments begin in organizations with 10 to 49 employees. 60% adjusted their cloud security postures as a result of distributed workforces. 

83% Of Enterprises Transformed Their Cybersecurity In 2020

  • 48% of all organizations had to accelerate cloud migration due to the pandemic, with larger enterprises leading the way. Enterprises with over 500 employees are the most likely to accelerate cloud migration plans due to the pandemic. 73.5% of enterprises with more than 500 employees accelerated cloud migration plans to support their employees’ remote working arrangements, leading all organization categories. This finding reflects how cloud-first the largest enterprises have become this year. It’s also consistent with many other surveys completed in 2020, reflecting how much the cloud has solidly won the enterprise. 
83% Of Enterprises Transformed Their Cybersecurity In 2020
  • 49% of all organizations and 81% of large-scale enterprises had to accelerate their IT modernization process due to the pandemic. For the largest enterprises, IT modernization equates to digitizing more processes using cloud-native services (59%), maintaining flexibility and security for a partially remote workforce (57%) and revisiting and adjusting their cybersecurity stacks (40%).
83% Of Enterprises Transformed Their Cybersecurity In 2020
  •  51% of enterprises with 500 employees or more are making remote, secure access their highest internal priority. In contrast, 27% of all organizations’ IT leaders say that providing secure, granular access to IT admin teams, outsourced IT and third-party vendors is a leading priority. The larger the enterprise, the more important remote access becomes. The survey also found organizations with 250 – 500 employees are most likely to purchase specific cybersecurity tools and applications to meet compliance requirements. 
83% Of Enterprises Transformed Their Cybersecurity In 2020

 

Conclusion & Wrap-Up  

IT leaders are quickly using the lessons learned from the pandemic as a crucible to strengthen cloud transformation and IT modernization strategies. One of every three IT leaders interviewed, 34%, say their budgets have increased during the pandemic. In large-scale enterprises with over 500 employees, 59% of IT leaders have seen their budgets increase.

All organizations are also keeping their IT staff in place. 63% saw little to no impact on their teams, indicating that the majority of organizations will have both the budget and resources to maintain or grow their cybersecurity programs. 25% of IT leaders indicated that their company plans to keep their entire workforce 100% remote.

It’s encouraging to see IT leaders getting the support they need to achieve their cloud transformation and IT modernization initiatives going into next year. With every size of organization spending on cybersecurity tools, protecting cloud infrastructures needs to be a priority. Controlling administrative access risk in the cloud and DevOps is an excellent place to start with a comprehensive, modern Privileged Access Management solution. Leaders in this field, including Centrify, whose cloud-native architecture and flexible deployment and management options, deliver deep expertise in securing cloud environments.

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