IAM Market Leader Offers “Trade-In” Program for Outdated Password Management Solutions
AUSTIN, January 27, 2015 – While the news is filled with high-profile security breaches, SailPoint’s 7th Annual Market Pulse Survey uncovered a widespread level of employee indifference towards protecting sensitive corporate data, including personal information of customers. In fact, an alarming number of employees surveyed admitted they would sell their passwords, some for as little as $150 U.S. dollars. These stats are based on a global survey of 1,000 employees at large organizations.
In addition to blatant sabotage, the survey also confirmed that employees are lax about password management in general. Specifically, 1 in 5 employees routinely share login information for corporate applications with other members of their team, which increases the potential that the passwords they sell might not even be their own. Compounding the problem, 56% of respondents admitted to some level of daily password reuse for the corporate applications they access, with many as 14% of employees using the same password across all applications.
“Employees may have moved away from the post-it note password list, but using the same password across personal and work applications exposes the company,” said Kevin Cunningham, president and founder of SailPoint. “Just think of the major breaches that occurred in 2014 requiring users to change their passwords on social media. If those were the same passwords being used to access mission-critical applications, it’s very easy for hacking organizations to take advantage and get into more valuable areas. The fact is that password reuse poses a significant risk to any organization – but the good news is that there are solutions that can quickly address the problem.”
Today’s employees need to remember a dozen or more passwords, and are tempted to reuse the same one repeatedly, even if it eliminates the security benefits of having a password in the first place. Organizations recognize this and want to enforce better password management policies, but legacy password management solutions are too expensive and haven’t kept up with today’s business needs. To help organizations combat this growing challenge, SailPoint is now providing a “trade-in” program for legacy password management solutions. Through June 2015, SailPoint will replace a legacy password management solution with IdentityNow’s Password Management Service for less than what that company is currently paying annually for support and maintenance.
Cunningham continued: “We knew password management was a pain point for companies around the world, but our recent survey showed us how much companies are struggling. We believe this offer is a unique way to demonstrate SailPoint’s innovative approach to identity and access management. And, there’s no risk, because qualified organizations can replace their outdated solutions with SailPoint’s IdentityNow Password Management Service for less than they’re already spending on a tool that isn’t working.”
With IdentityNow, SailPoint’s SaaS-based identity and access management solution, organizations can address the growing issue of password reuse by providing employees with the convenience of a single place to store passwords, while providing IT organizations with the controls to ensure strong, unique passwords are being used. Organizations will immediately benefit from IdentityNow’s password management capabilities for both cloud and on-premises applications. Capabilities include:
SailPoint’s Market Pulse Survey was designed to measure employee attitudes toward protecting corporate digital assets. The company commissioned Vanson Bourne, an independent research firm, to interview 1,000 office workers at large companies with at least 3,000 employees across Australia, France, Germany, the Netherlands, the United Kingdom and the United States. The Market Pulse Survey’s results about password management trends are detailed in an infographic “Password Management Problems: Employees Significantly Increasing Risk of Security Breaches” at www.sailpoint.com/marketpulsesurvey-passwords. Additionally, the complete results of the 2014 Market Pulse Survey are detailed in an infographic “Employees Going Rogue with Corporate Data,” at www.sailpoint.com/2014MarketPulseSurvey. (Interested parties have permission to embed and share both infographics on their websites or blogs with attribution.)
As the fastest-growing, independent identity and access management (IAM) provider, SailPoint helps hundreds of global organizations securely and effectively deliver and manage user access from any device to data and applications residing in the datacenter, on mobile devices, and in the cloud. The company’s innovative product portfolio offers customers an integrated set of core services including identity governance, provisioning, and access management delivered on-premises or from the cloud (IAM-as-a-service). For more information about SailPoint, please visit www.sailpoint.com.
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