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The Cybersecurity Leader in Machine Identity Protection: Venafi

The Cybersecurity Leader in Machine Identity Protection: Venafi

Venafi, a cybersecurity company that develops software to secure and protect machine identities, recognizes that identity and access management must go beyond people and also apply to machines, especially with the growing number of automated machine-to-machine connections and communications. People rely on usernames and passwords to identify themselves so they can access data and applications. Machines, on the other side, rely on cryptographic keys and digital certificates to authenticate themselves to one another. In a world where the IT security perimeter has quickly diminished with the growing reliance on cloud, mobile and IoT, machine identity is the only way to determine trust. And without proper protection for machine identities, organizations can’t guarantee the confidentiality of information that flows between authorized machines or prevent the flow of information to unauthorized machines, said Venafi. “Identity is security. And this applies to both people and machines,” the company said.

The Venafi story begins in 1998 when two graduates from the University of Washington realized the security impact of machine identities while working on a consulting project. In 2000, they established a company to address this challenge. Later, in 2005, the company changed its name to “Venafi”, meaning, “the root of trust” in Latin. “Venafi secures the root of trust—the cryptographic keys and digital certificates that serve as machine identities and are crucial to securing all types of machine-to-machine communication,” said Jeff Hudson, CEO of Venafi.

Venafi is the only company that provides global visibility, intelligence and automation necessary to protect machine identities across the extended enterprise at machine speed and scale. The most security-conscious companies in the world use Venafi’s technology to secure communications, commerce, critical systems and data, and mobile and user access. Venafi customers include the top five U.S. health insurers; the top five U.S. airlines; four of the top five payment card issuers; four of the top five U.S., U.K., AU and South African banks; three of the top five accounting/consulting firms; and three of the top five U.S. retailers. Venafi is also one of the few companies in the industry to achieve the highest customer success ratings (about 99 percent or more) and a customer renewal rate of 98 percent.

Venafi’s Technology: Its Competitive Advantage

As the cybersecurity market leader in machine identity protection, Venafi protects a wide range of machine identity types, including SSL/TLS, SSH, IoT and mobile. Venafi’s technology delivers these benefits:

Visibility: The technology delivers continuous, real-time discovery and continuous monitoring of all aspects of machine identities

Intelligence: It also provides comprehensive intelligence on all machine identities on the network, including where they are used, who owns them, adherence to security policies and any potential security and availability risks they may introduce

Automation: By leveraging machine identity intelligence, Venafi’s technology automates the complete machine identity lifecycle and automatically finds, revokes or replaces rogue, weak or compromised machine identities

Venafi’s Platform safeguards the machine identities of hundreds of customers in over 100 countries. “Our platform is built from the ground up to uniquely provide the required level of application and platform security,” said Hudson. “We will remain the market leader in machine identity protection by persistently researching the threat, educating on the problem, and improving our solution—helping to ensure security in digital transformation.”

There’s more…

Venafi also enables customers to integrate machine identity protection throughout their network by offering automated test frameworks, rich APIs and extensible frameworks that would allow in-house developers to work with high-level building blocks to support rapid custom development. Venafi also has a vibrant, growing Technology Partner Network with whom they develop out-of-the-box integrations that self-configure for zero-touch automation, delivering immediate business impact. Plus, an extensive ecosystem of technology partners continually develops new Venafi integrations.

In addition, Venafi recently announced the Machine Identity Protection Development Fund, which sponsors the integration of machine identity protection across the network into any system that creates or consumes machine identity intelligence. The fund will sponsor a range of developers, including consultants, systems integrators, fast-moving startups, open source developers and other cybersecurity suppliers. Funded developers will build machine identity intelligence into a wider range of enterprise infrastructure and deliver technology outcomes security leaders can quickly leverage to protect more machine identities faster.

By building a community of funded developers, Venafi aims to accelerate industry’s ability to protect machine identities, ensuring integrations continue to be developed in line with technology market changes.

Why Venafi?

  • The Venafi Platform is the only solution that protects multiple machine identity types—SSL/TLS, SSH, IoT and mobile identities—with a single, scalable solution.
  • Venafi has invested over $400 million in developing industry-leading technology, intellectual property and domain expertise in machine identity protection over the last 10 years.
  • The Venafi Platform has more than 10 million hours of production usage across hundreds of complex customer environments.
  • Venafi has a rich portfolio of over 32 patents at various stages covering a wide range of machine identity protection technologies.
  • Venafi is the only machine identity protection solution that is Common Criteria certified, a standard adopted by most customers in the Global 5000 and many governments.
  • The Venafi Platform establishes and enforces policies uniformly across the entire enterprise, regardless of network scale or policy complexity.
  • The Venafi Platform has the most widely adopted and broadly used API for machine identity protection in the industry.
  • The Venafi Platform has the world’s largest and most active ecosystem in the market. Thousands of developers are building integrations to the Venafi Platform, and integrations from hundreds of developers are available today.

Venafi’s Cornerstone

Jeff Hudson, the CEO of Venafi, is a seasoned leader with over 25 years of leadership and

management experience in information technology and security management. Mr. Hudson has spent a

significant portion of his career developing and delivering leading-edge technology solutions for financial

services and other Fortune-ranked organizations and government agencies. He speaks regularly to global audiences at technology and business conferences worldwide, and his commentary appears in popular publications such as Forbes, The Wall Street Journal, The New York Times, USA Today and The Los Angeles Times.

"With enterprise-wide visibility, users of the Venafi Platform apply intelligence-driven actions to protect their machine identities, eliminating certificate-related outages and securing machine-to-machine communications."

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