Venafi Encryption Director recognised for leadership in helping enterprises regain control over trust

London – February, 2013 – Venafi, the inventor of and market leader in Enterprise Key and Certificate Management (EKCM) solutions, today announced that it has been nominated as a finalist in two categories in the Secure Computing Awards Europe 2013 for its flagship Venafi Encryption Director (Director) product. The SC Magazine Awards occur annually and recognise the IT security industry’s leaders and innovators. Venafi is delighted to be nominated by the IT security industry’s leading publication as a finalist in both the Best Encryption Solution and Best Security Management categories. The honour is particularly timely given the rise in attacks on enterprises’ encryption keys and digital certificates, often due to lapses in managing these critical but fragile assets.

Recent cyber attacks highlight the inability of businesses and governments to control trust.  Organisations increasingly depend on encryption and digital certificates to provide that trust between their IT resources. Yet without effective controls of these critical instruments, trust is jeopardized and business risk increases. Most organisations have little idea, for instance, how many keys and certificates exist within their networks, on mobile devices and in the cloud; where these keys and certificates are deployed; who has access to them; or how they are managed. Organisations that fail to deploy and manage encryption effectively subject themselves to data breaches, audit failures and unplanned outages—all with increasing frequency and cost.

Gregory Webb, Vice President of Marketing at Venafi said: “We are particularly pleased to be nominated for Best Encryption Solution. The reality is that when trust is compromised, business stops. A continuous process to identify where certificates and encryption keys are being used is the first step in effective management practices. Failure to implement such a process results in systemic, unquantified and unmanaged risk. The editors of SC Magazine recognise the significance of this problem and how Venafi Director is helping enterprises successfully regain control over trust.”

Venafi Director is the only enterprise platform that allows organisations to discover all their keys and certificates, connect these assets to the people responsible for them, report on and audit their use to prove compliance, enforce policies to reduce risk and errors, and automate all management operations to eliminate security risks, downtime and compliance failures. Designed specifically for the enterprise, Venafi Director helps organisations regain their control over trust by managing any key, any certificate, anywhere. To learn more, visit www.venafi.com.

About Venafi

Venafi is the inventor of and market leader in Enterprise Key and Certificate Management (EKCM) solutions. Venafi delivered the first enterprise-class platform to automate the provisioning, discovery, monitoring and management of digital certificates and encryption keys—from the desktop to the datacenter—built specifically for encryption management interoperability across heterogeneous environments. Venafi products reduce the unquantified and unmanaged risks associated with encryption deployments that result in data breaches, security audit failures and unplanned system outages. 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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Venafi and the Venafi logo are trademarks or registered trademarks of Venafi. All other company and product names may be trademarks or registered trademarks of their respective companies. 

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