Thycotic Brings Cloud Based Privileged Account Management to Europe, Helping Companies Comply with New Data Protection Regulation Across the European Union

WASHINGTON, July 13, 2017 /PRNewswire/ -- Thycotic, a provider of privileged account management (PAM) and endpoint privilege management solutions for more than 7,500 organizations worldwide, today announced the release of version 10.3 for Secret Server and Privilege Manager, solutions that enable organizations to store, distribute, change and audit enterprise passwords in a secure environment while easing the burden of least privilege with application whitelisting and privilege elevation. Updates within v10.3 include a European datacenter for Secret Server Cloud to comply with new data protection regulations, as well as a Mac Agent for Privilege Manager to continue to allow enterprises to strengthen their security posture.

As the data protection regulation across the European Union begins its enforcement, organizations in Europe and any organizations that collect or process EU Citizen's personal data require a way to protect their data from cyber attacks that target Privileged Accounts. European Union Data protection laws, specifically those in Germany, require that data is stored and controlled in a datacenter within the EU. In support of the EU's General Data Protection Regulation (GDPR), Thycotic's Secret Server v10.3 is now making Secret Server Cloud available from datacenters located within Germany.  These datacenters, along with Thycotic's Dual Control capabilities, allow organizations to easily protect Privileged Accounts in accordance with these data protection regulations.

"European based organizations and all organizations who collect or process EU Citizen's personal data need a privileged account solution, that can help them protect privileged accounts immediately, while still maintaining budget and financial control," said Joseph Carson, Chief Security Scientist at Thycotic. "At Thycotic we are committed to the global protection of organizations from cyber attacks, and with these enhancements we continue to ensure our solutions adhere to data protection laws internationally."

In addition to its EMEA datacenter, this release includes a Mac Agent for Privilege Manager, allowing central privilege management and application control on Mac endpoints, alongside Windows. With this enhancement, Thycotic now offers Privilege Management for Windows, Mac, and Unix, with additional granular application control for Windows and Mac.

"Operating under least privilege is a cultural shift that can be difficult for organizations to implement and maintain, often creating a burden on the IT and Helpdesk teams," said James Legg, CEO at Thycotic. "It is just no longer an option.  Executives must understand that the risk is too great to leave administrative rights on employee computers. No matter which type of organization, Privilege Manager can help alleviate the help desk and IT support burden of least privilege by allowing end users to install approved software and change allowed system settings without administrative rights."

For more information on Secret Server v10.3 visit: https://thycotic.com/products/secret-server/. To learn more about Thycotic and their PAM solutions, please visit the company's website and follow Thycotic on Twitter at @Thycotic.

About Thycotic
Thycotic, a global leader in IT security, is the fastest growing provider of Privilege Management solutions that protect an organization's most valuable assets from cyber-attacks and insider threats. Thycotic secures privileged account access for more than 7,500 organizations worldwide, including Fortune 500 enterprises. Thycotic's award winning Privilege Management Security solutions minimize privileged credential risk, limits user privileges and controls applications on endpoints and servers. Thycotic was founded in 1996 with corporate headquarters in Washington, D.C. and global offices in the U.K. and Australia. For more information, please visit www.thycotic.com. 

SOURCE Thycotic

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