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Ponemon to Present Key Findings From Its 2013 Cost of Failed Trust Report: Threats & Attacks at RSA Conference 2013
SALT LAKE CITY, UT and SAN FRANCISCO, CA, Feb 26, 2013 (MARKETWIRE via COMTEX) --
RSA Conference 2013 -- Ponemon Institute will present findings from
its 2013 Cost of Failed Trust Report: Threats & Attacks, underwritten
by Venafi, the inventor of and market leader in Enterprise Key and
Certificate Management (EKCM) solutions, at RSA Conference 2013 in
San Francisco on Thursday, February 28. Dr. Larry Ponemon will
present the report findings during a joint track session titled
"Controlling Trust and Risk: Lessons Learned at Boeing and New
Ponemon Research." The session will present how digital certificates
and cryptographic keys provide the foundation of trust in today's
enterprises, and expose the hard costs associated with sub-standard
key and certificate management.
Click to Tweet: #PonemonInstitute to present 2013 Cost of Failed
Trust Report at #RSA on Thurs. Controlling #Trust & #Risk track
"During this track session I will discuss how systemic enterprise
failures in key and certificate management create vulnerabilities
that cybercriminals are exploiting to breach corporate and government
networks, steal data and disrupt critical business operations," said
Larry Ponemon, chairman and founder of Ponemon Institute Research. "I
will present the findings from the 2013 Cost of Failed Trust report,
including the research methodology, which quantifies for the first
time the cost of trust exploits.
"I'll share some of the expected and startling findings, including
the fact that more than half of the companies surveyed do not know
how many keys and certificates they have, that every company had
experienced an attack on trust due to failed key and certificate
management, and that trust attacks are projected to cost
organizations an average of $35 million over 24 months, with a
maximum cost exposure of $398 million per organization."
"These new research findings make it clear that organizations must
remediate this problem quickly," said Kevin Bocek, Venafi vice
president of product marketing. "Every organization participating in
the research experienced at least one trust exploit in the last two
years, and more exploits are expected in the coming 24 months.
Enterprises need to proactively manage their keys and certificates or
the attacks will only increase. Given our dependence on keys and
certificates in the activities of everyday life, from payments to
healthcare, that are conducted online, on mobile devices and in the
cloud, enterprises have no alternatives. The only difference will be
between enterprises that are ahead of the problem and those that are
forced into action when under attack. Attend Dr. Ponemon's session at
this year's RSA Conference in San Francisco to learn more about the
Download the full Ponemon 2013 Cost of Failed Trust Report: Threats &
Some of the key findings Dr. Ponemon will share include:
-- High costs: On average, enterprises are projected to risk losing an
average of $35 million over 24 months from attacks on trust. Total
possible cost exposure could be almost $400 million per organization.
-- Widespread vulnerability: All surveyed enterprises suffered at least
one attack on trust due to failed key and certificate management.
-- Too vast a problem for manual management: Enterprises have on average
17,807 keys and certificates each, according to the report.
-- Unknown and unquantified risk: Fifty-one percent of surveyed
organizations do not know exactly how many keys and certificates they
-- Clear and present danger to cloud computing: Respondents believe
difficult-to-detect attacks on Secure Shell (SSH) keys, critical for
cloud services from Amazon and Microsoft, present the most alarming
threat arising from failure to control trust.
-- The need to establish control over trust: Already, 59 percent of
enterprises believe that proper key and certificate management can
help them regain control over trust and avoid these risks.
The RSA Conference session details:
-- Who: Larry Ponemon, chairman and founder of Ponemon Institute Research
-- What: Controlling Trust and Risk: Lessons Learned at Boeing and New
-- When: Thursday, February 28, 1 to 2 p.m.
-- Where: RSA Conference 2013, Room 123
For more information on the session, visit http://goo.gl/flZfM
To view the report, visit www.venafi.com/Ponemon
To view a video clip of Venafi CEO Jeff Hudson discussing the
research, visit: www.venafi.com/VideoOverview
To learn more about the report methodology and key findings, visit
the Ponemon Institute blog
About Ponemon Institute
Ponemon InstituteCopyright is dedicated to
advancing responsible information and privacy management practices in
business and government. To achieve this objective, the institute
conducts independent research, educates leaders from the private and
public sectors and verifies the privacy and data protection practices
of organizations in a variety of industries.
Venafi is the inventor of and market leader in
enterprise key and certificate management (EKCM). Venafi delivered
the first enterprise-class solution to discover all digital
certificates and cryptographic keys within an organization, connect
these assets to the people responsible for them, report on and audit
their use to prove compliance, enforce policy, and automate
operations to eliminate security risks, unplanned outages and
compliance failures. Designed specifically for the enterprise, Venafi
Director helps organizations regain control over trust in the data
center, on desktops and mobile devices, and in the cloud by managing
Any key. Any certificate. Anywhere(TM). Venafi also publishes best
practices for effective key and certificate management. Venafi
customers include the world's most prestigious Global 2000
organizations in financial services, insurance, high tech,
telecommunications, aerospace, healthcare and retail. Venafi is
backed by top-tier venture capital funds, including Foundation
Capital, Pelion Venture Partners and Origin Partners. For more
information, visit www.venafi.com.
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UPDATED 11:11 PM EST - Mar 10, 2014
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