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Security in Context: The BeyondTrust Blog

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Bringing you news and commentary on solutions and strategies for protecting critical IT infrastructure in the context of your business.

RIP Section 179 Benefits on December 31, 2010

Posted November 23, 2010    Peter McCalister

The Economic Stimulus Act of 2008, which was extended to 2009 and 2010, is now coming to an end this year and the associated benefits with Section 179 will also be lost to businesses.  Section 179 of the IRS tax code encourages businesses to buy equipment/software and invest in themselves to help spur our economy.

Section 179 allows companies to write off the entire purchase price for qualifying software in the year of purchase (up to $500,000 for the first year) instead of forcing companies to depreciate that purchase over five years.  So, organizations looking to benefit from this provision to implement a “least privilege” solution must complete the purchase of a privilege identity management solution before December 31, 2010.  A countdown clock, as well as a comprehensive description of the logistics, impact and business scenarios, can be found atSection179.org.

Eligible software cannot be “custom code” and in general needs to be commercially available “off the shelf” and, according to Section179.org, the guidelines in order to be eligible for this deduction include:

  1. “The software must be purchased outright or financed (only specific leases or loans qualify) by the company taking the deduction.
  2. The software must be used by the business.
  3. The software must have a determinable useful life
  4. The software must be expected to last more than one year.”

If you are thinking of eliminating admin rights from your organization then start your research here now.

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Why big data breaches won’t always be so easy

Posted September 19, 2014    Byron Acohido

This blog post is republished with the permission of ThirdCertainty. See the original post here. – By: Byron Acohido, Editor-In-Chief, ThirdCertainty Some day, perhaps fairly soon, it will be much more difficult for data thieves to pull off capers like the headline-grabbing hacks of Home Depot and Target. That’s not a pipe dream. It’s the projected outcome…

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8 Reasons Your Privileged Password Management Solution Will Fail

Posted September 18, 2014    Chris Burd

Leveraging complex, frequently updated passwords is a basic security best practice for protecting privileged accounts in your organization. But if passwords are such a no-brainer, why do two out of three data breaches tie back to poor password management? The fact is that not all privileged password management strategies are created equal, so it’s critical…

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You Change Your Oil Regularly; Why Not Your Passwords?

Posted September 11, 2014    Chris Burd

There are many things in life that get changed regularly:  your car oil, toothbrush and hopefully, your bed sheets.  It’s rare that you give these things much thought – even when you forget to change them. But what if you’re forgetting something that can cost you millions of dollars if left unchanged for long periods…

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