SYDNEY, Australia – April 4, 2014 – Vormetric, the leader in enterprise data security for physical, virtual and cloud environments, has launched operations in A/NZ and appointed Damian Harvey as its country manager.
The company’s decision to formally launch here represents a response to a number of factors: the increasing focus on organizational cybersecurity compliance following the Australian Privacy Principles (APP) which came into effect on March 12; the recognition that perimeter-based cybersecurity has repeatedly failed to stop significant breaches; and a growing concern that an organization's data has become a magnet for a ‘hacking growth industry’ using social engineering and other forms of advanced persistent threats that bypass perimeter defenses and standard security protocols.
“Data is the new currency. Whether you’re talking personal records, credit details, medical records, blueprints to a proprietary device – data is valuable to criminals and other actors. Everything from Snowden to the major retail breaches is confirming that cybersecurity has been focusing on the wrong thing, working from the outside to the inside, instead of the other way around,” said Harvey. “Massive amounts of money are still being spent on firewalls, access monitoring and the like, when, frankly, the data itself is often walking right out the door and into the wrong hands. As a digital economy and society, we urgently need to adopt a ‘data-centric’ model and move away from the illusion that perimeter security is working.”
Vormetric, which counts 17 of the Fortune 25 as customers and has over 1,300 customers in 20 countries across banking, healthcare and government, is already working with a range of partners in Australia and New Zealand.
Harvey said that adopting a data-centric model challenges the complacency, and even the culture, of many organizations, because, among other things, it goes beyond external threats and forces you to see that inside threats can be as, or more, damaging, since traditional insiders will often have unregulated access to extremely sensitive data.
“Almost any organization will readily admit that data is its most valuable asset, often its crown jewels. This data may even be encrypted. But if you ask who’s holding the encryption keys to that data, you’ll frequently find that either people don’t know or that the keys are all in the hands of one person. If that’s the case, you might as well not have encryption, because your data is fundamentally insecure if you don’t have proper key management. While privileged users are vital to the operation of any network, and are usually deserving of trust, the stakes are too high – you don’t ever want your privileged users to be free to pillage your data.”
Mr. Harvey joined Vormetric from Oracle, where he most recently served as A/NZ sales leader for Oracle virtualization and specialist security solutions. He brings 20 years of enterprise sales and sales management experience to Vormetric, as well as years of service specializing in encryption for the Royal Australian Corp of Signals.
Vormetric’s 2013 growth outpaced the security infrastructure market and saw the company expanding its customer base by 30 per cent year-over-year.
Vormetric (@Vormetric) is the industry leader in data security solutions that span physical, virtual and cloud environments. Vormetric helps over 1300 customers, including 17 of the Fortune 25 and many of the world’s most security conscious government organizations, to meet compliance requirements and protect what matters —their sensitive data —from both internal and external threats. The company’s scalable solution protects any file, any database and any application — within enterprise data center, cloud, big data environments — with a high performance, market-leading Vormetric Data Security Platform that incorporates application transparent encryption, access controls and security intelligence. Vormetric – because data can’t defend itself.
Jonathan Mathias / Kasia Murphy
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