Leading Analyst Firm Highlights Critical Security Vulnerabilities of
Unmanaged Privileged Accounts; Cites CyberArk as PAM Pure-Play Market
Leader
NEWTON, Mass.--(BUSINESS WIRE)--Mar. 18, 2015--
CyberArk Software Ltd. (NASDAQ: CYBR), the company that protects
organizations from cyber attacks that have made their way inside the
network perimeter, today announced that it was named a leader in the IDC
MarketScape: Worldwide Privileged Access Management 2014 Vendor
Assessment (doc #253303, December 2014). To download a free excerpt,
please visit http://www.cyberark.com/privileged-access-management-market-leader/.
The IDC MarketScape assesses vendors offering products in the privileged
access management (PAM) market and notes that, “CyberArk is the PAM
pure-play “big gorilla” with the most revenue and largest customer base.”
The compromise and misuse of privileged accounts is a key signature in
advanced, targeted cyber attacks. As demonstrated in recent, devastating
attacks on businesses, cyber attackers steal and exploit privileged
accounts to conduct a hostile takeover of a company’s entire
infrastructure. By exploiting privileged access, attackers can conduct
internal reconnaissance, move laterally throughout a network without
detection and complete the goals of the attack. The IDC MarketScape
recognizes the critical need of securing privileged accounts and
provides businesses with recommendations for evaluating vendors.
“Attackers typically exploit privileged credentials to accomplish their
goals, which is why privileged access management is a crucial aspect of
securing the enterprise,” said Pete Lindstrom, research director,
Security Products at IDC. “CyberArk has established itself as a
privileged access management leader through its breadth of capabilities
and commitment to innovation as evidenced by solid revenue numbers and
growing customer base.”
The IDC MarketScape report highlights the key functionality businesses
should consider when selecting a privileged access management provider,
including the ability to:
-
Manage access to shared accounts with sensitive privileges:
This includes tracking any shared account usage by controlling
password access and logging user activity for anomalous behavior.
-
Remove Windows local administrative functionality: By removing
the local administrator privilege from the user account and providing
flexibility and functionality for a user’s particular needs, IT can
better support individual job needs while protecting against today’s
malware threats that target these admin accounts.
-
Enhance visibility of sensitive account activity: Third-party
accounts are often shared intentionally or unintentionally among users
outside an organization, making them extremely difficult to monitor.
With proper PAM solutions in place, visibility into account activity
can be elevated beyond basic capabilities for a full view of the
network.
-
Restrict privileges for separation of duties: To minimize the
potential for a single user to compromise the system, organizations
should implement solutions that provide separation of duties and
therefore force the need for collaboration among attackers to
compromise a system.
-
Manage embedded application and service accounts: Distributed
architectures often require some way to establish a presence on a set
of resources and embedding static accounts and passwords has been a
very common solution. Organizations must manage, protect and secure
these accounts, as they pose a significant security risk.
“Protecting against today’s aggressive cyber attacks requires a
fundamental shift in security mentality. CIOs and CSOs who are serious
about security will build defenses based on the premise that the
attackers are already – or will soon be – on the inside of the
organization,” said John Worrall, CMO, CyberArk. “By locking down
privileged accounts, businesses can prevent attackers from moving freely
in the enterprise and stop advanced attacks early in the attack cycle.”
The CyberArk Privileged Account Security Solution is a complete solution
to protect, monitor, detect and alert on privileged accounts. For more
information, please visit: http://www.cyberark.com/products/privileged-account-security-solution/.
For a free excerpt of the IDC MarketScape report, please visit: http://www.cyberark.com/privileged-access-management-market-leader/.
About IDC MarketScape: IDC MarketScape vendor analysis model is
designed to provide an overview of the competitive fitness of ICT
(information and communications technology) suppliers in a given market.
The research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a single
graphical illustration of each vendor’s position within a given market.
IDC MarketScape provides a clear framework in which the product and
service offerings, capabilities and strategies, and current and future
market success factors of IT and telecommunications vendors can be
meaningfully compared. The framework also provides technology buyers
with a 360-degree assessment of the strengths and weaknesses of current
and prospective vendors.
About CyberArk
CyberArk (NASDAQ: CYBR) is the only security company focused on
eliminating the most advanced cyber threats; those that use insider
privileges to attack the heart of the enterprise. Dedicated to stopping
attacks before they stop business, CyberArk proactively secures against
cyber threats before attacks can escalate and do irreparable damage. The
company is trusted by the world’s leading companies – including 40
percent of the Fortune 100 and 17 of the world’s top 20 banks – to
protect their highest value information assets, infrastructure and
applications. A global company, CyberArk is headquartered in Petach
Tikvah, Israel, with U.S. headquarters located in Newton, MA. The
company also has offices throughout EMEA and Asia-Pacific. To learn more
about CyberArk, visit www.cyberark.com.
Cautionary Language Concerning Forward-Looking Statements
This
release may contain forward-looking statements, which express the
current beliefs and expectations of CyberArk’s management. Such
statements involve a number of known and unknown risks and uncertainties
that could cause the Company’s future results, performance or
achievements to differ significantly from the results, performance or
achievements expressed or implied by such forward-looking statements.
Important factors that could cause or contribute to such differences
include risks relating to: changes in the new and rapidly evolving cyber
threat landscape; failure to effectively manage growth; fluctuations in
quarterly results of operations; real or perceived shortcomings, defects
or vulnerabilities in the Company’s solution or the failure of the
solution to meet customers’ needs; the inability to acquire new
customers or sell additional products and services to existing
customers; competition from IT security vendors and other factors
discussed under the heading “Risk Factors” in the final prospectus for
the Company’s initial public offering filed with the Securities and
Exchange Commission on September 24, 2014. Forward-looking statements in
this release are made pursuant to the safe harbor provisions contained
in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made only as of the date hereof, and the
Company undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise.
Copyright © 2015 CyberArk Software. All Rights Reserved. All other
brand names, product names, or trademarks belong to their respective
holders.
Source: CyberArk Software Ltd.
fama PR
Brian Merrill, +1-617-986-5005
cyberark@famapr.com
or
CyberArk
Christy
Lynch, +1-617-796-3210
press@cyberark.com