CASE STUDY
ThycoticCentrify , a leading provider of cloud identity security solutions formed by the merger of privileged access management ( PAM ) leaders Thycotic and Centrify , has announced that it is working with Australian universities to adopt the federal government ’ s Essential Eight cyber mitigation strategies .
The education sector continues to be a key target for cyberattack . In the second half of 2020 the Asia Pacific education sector experienced a 21 % increase in cyberattacks , compared with just an average 3.5 % increase across all other sectors .
A new case study demonstrates how one of ThycoticCentrify ’ s customers , Victoria University , has implemented privileged access management strategies – a key part of the Essential Eight – to improve its cybersecurity posture .
ThycoticCentrify has a number of other higher education customers in Australia following a similar path , with security initiatives becoming more urgent after high-profile data breaches in the sector . It is estimated that more than 80 % of successful data breaches – including the cyberattack on the Australian National University revealed in 2019 – target privileged accounts .
Privileged access management works by restricting the data access that systems users have to a minimum . It also safeguards passwords and other credentials associated with administrator and other ‘ privileged ’ accounts – often called ‘ the keys to
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