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A growing downtime threat: mismanaged encryption

Venafi has announced the findings of its 2011 Venafi Encryption Key and Digital Certificate Management Report. The report reveals that organizations are deploying increasing numbers of digital certificates and encryption technologies, but that these security assets are also becoming lost, stolen and unaccounted for ‘in epidemic proportions’.

Digital certificates and encryption keys are critical components of all information security programs, but they become dangerous liabilities when they go missing and find their way into the wrong hands.

Venafi compiled results from market and analyst report research, from a 471–respondent survey that included managers up to C–level executives from enterprise–class organizations within multiple industries, and from prior market surveys. The findings included:

* 78 percent of organizations surveyed experienced downtime due to mismanaged encryption.

* 51 percent stated they had experienced either stolen or unaccounted-for digital certificates, or that they were uncertain if their organizations had lost, stolen or unaccounted–for digital certificates in general. Exacerbating the problem is the volume and diversity of encryption technologies and certificate authorities (CAs) organizations must deal with on a daily basis. The number of encryption assets in their inventories grows regularly, and scattered individuals and teams frequently manage them.

* 46 percent of organizations are managing at least 1,000 digital encryption certificates; 20 percent are managing more than 10,000.

* 83 percent of organizations are managing technologies from at least two different CAs; 18 percent are dealing with more than five.

* 88 percent of organizations have multiple administrators managing encryption keys; 22 percent have more than 10.

* 42 percent of organizations manage encryption technologies from at least four vendors; 8 percent are dealing with more than 10.

To access the complete report, visit: www.venafi.com/market-data

•Date: 22nd March 2011 • Region: World •Type: Article •Topic: IT continuity

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