ThycoticCentrify Expands Centralised Service Account Lifecycle Governance to Multi-Cloud Environments

Adelaide, Australia and Singapore – December 22, 2021 – ThycoticCentrify, a leading provider of cloud identity security solutions formed by the merger of privileged access management (PAM) leaders Thycotic and Centrify, today announced enhancements to its industry-leading solution for service account governance, Account Lifecycle Manager (ALM).

This release allows organisations to gain control over their growing number of privileged service accounts, offering full lifecycle management in multi-cloud environments.

As companies accelerate digital transformation efforts and accommodate the increase in remote workers, multi-cloud environments have become the norm, with most companies using a combination of platforms to manage a variety of applications and processes.

With many cloud platforms in the mix, account management and governance are extremely challenging, complex and time-consuming. Access controls that organisations rely on for on-premises service accounts aren’t nearly as granular in the cloud, if they exist at all. Each cloud platform has its own interface and security controls, so IT teams must learn their unique differences and remember to manage each one.

As a result, cloud-based service accounts can easily become a security risk if not managed correctly and with the right tools. Account Lifecycle Manager now makes it possible to discover, provision and manage service accounts for all major cloud providers – Microsoft Azure, Amazon Web Services and Google Cloud Platform – from a central, policy-based solution.

“Increasingly, automation and rapid development have given rise to a wide variety of service accounts used by cloud and hybrid applications and we’re going to see their use expand in numbers and complexity,” said Jon Kuhn, Senior Vice President of Product Management at ThycoticCentrify. “Account Lifecycle Manager gives teams the ability to ensure consistent security policies, account governance and multi-platform reporting.”

With ALM, organisations can now:

● Discover unmanaged accounts and bring them into central management

● Stay on top of account changes through alerts and audit reports

● Provision new accounts according to standardised access control and governance policies

● Define account approval workflows, and set timing requirements for when accounts are reviewed, expired, disabled or deleted

● Update policy and workflow templates and easily associate accounts to new versions, while maintaining an audit history of changes

● Integrate with ThycoticCentrify Secret Server and third-party ticketing systems like ServiceNow out of box

More information about Account Lifecycle Manager, including a free 30-day trial, is available at https://thycotic.com/products/account-lifecycle-manager/.

About ThycoticCentrify

ThycoticCentrify is a leading cloud identity security vendor, enabling digital transformation at scale. ThycoticCentrify's industry-leading privileged access management (PAM) solutions reduce risk, complexity and cost while securing organisations' data, devices and code across cloud, on-premises and hybrid environments. ThycoticCentrify is trusted by over 14,000 leading organisations around the globe, including over half of the Fortune 100, and customers include the world's largest financial institutions, intelligence agencies and critical infrastructure companies. © Thycotic Software, LLC and Centrify Corporation 2021. ®Centrify and ®Thycotic are registered trademarks of Centrify Corporation and Thycotic Software, LLC respectively. All other trademarks are property of their respective owners.