Thycotic has released Secret Server Cloud, a comprehensive cloud-based privileged account management solution. Secret Server Cloud is engineered to keep organizations’ most valued assets in the cloud by allowing enterprises to discover, manage, and protect their privileged accounts. Along with the release of Secret Server Cloud, Thycotic has simultaneously made available a free version of the solution that gives organizations vault capabilities and active directory integration for up to 100 users — Secret Server Cloud Free.

According to The 2016 Gartner Market Guide for Privileged Access Management, by 2019, 30% of new PAM purchases will be delivered as a service or run in the cloud (up from less than 5% today). This growth suggests that the need for managed virtual infrastructure and cloud services will become more critical. Growing businesses require a mature focus on protecting the network and data from crippling threats that take advantage of unmanaged privileged accounts to gain undetected access to the network.

“Thanks to the introduction of Thycotic Secret Server Cloud, the global success of the Secret Server on premise security is now available as an affordable, fast, and maintenance free PAM solution,” said Steve Morgan, founder and editor in chief of Cybersecurity Ventures. “As most organizations begin to recognize the Cloud’s full potential, Secret Server Cloud represents a game-changer in the PAM security marketplace.”

In addition to deploying Secret Server on premise, Secret Server Cloud allows organizations to focus on managing their privileged accounts, while offloading the tool management to the cloud provider.

“Secret Server Cloud allows companies to protect against cyberattacks that target privileged accounts and get up and running in 15 minutes,” said James Legg, CEO at Thycotic. “Most security breaches happen through unmanaged privileged accounts and have been the cause of millions of dollars in losses. We’re thrilled this solution will help companies keep their assets safe.”

The Microsoft Azure cloud platform was chosen to power Thycotic’s confidentiality, integrity and availability model that includes identity and access management, data isolation, encryption, virtualized redundancy and its fabric virtual machine design. Additional features of Secret Server Cloud Professional include:

Secure Vault – Advanced Encryption Standard 256 encryption, role-based access control

Automation - Active directory integration, network password changing, session launchers, local admin account discovery, heartbeat

Enhanced Security and Reporting - Full auditing and reports, Remote Desktop Protocol/Secured Shell proxying, two-factor authentication, event subscriptions

Built-in Disaster Recovery - Automatic backups, unlimited admin, and high availability

"As the cloud continues to transform entire industries, SMBs can benefit from the enterprise-grade security, high availability and agility of Microsoft Azure,” said Nicole Herskowitz, senior director of product marketing, Microsoft Azure. “We’re pleased to see the work Thycotic is doing to support our mutual customers.”