CyberArk Privileged Account Security Solution Achieves Additional
Federal Government Milestone, Enables Customers to More Easily Address
Critical Compliance and Risk Mitigation Requirements
NEWTON, Mass.--(BUSINESS WIRE)--Sep. 8, 2016--
CyberArk
(NASDAQ: CYBR),
the company that protects organizations from cyber
attacks that have made their way inside the network perimeter, today
announced the CyberArk Privileged Account Security Solution has received
the U.S. Army Certificate of Networthiness (Army CoN).
The U.S. Army Networthiness Program was created for compliance and risk
mitigation purposes and ensures that all IT purchases meet Federal
Department of Defense (DoD) and Army guidelines, regulations and
requirements. Following a thorough IT assessment, the Army CoN
recognizes that the CyberArk Privileged
Account Security Solution has been certified for use across the Army
Enterprise Infrastructure Network.
Federal
government agencies, departments and critical infrastructure are
frequent targets in today’s advanced attacks. The CyberArk Privileged
Account Security Solution is a proactive cyber security solution that
identifies and secures privileged accounts and credentials, including SSH
keys, and continuously monitors the use of those credentials to
identify and alert on anomalous activity in order to limit damage from
an external attack or insider threat. Addressing vulnerabilities in
Federal government’s critical infrastructure, CyberArk also helps
protect industrial
control systems (ICS) with cyber security capabilities aimed at
limiting the progression of malware, better identifying privileged
account-related risks and improving remote access security.
The Army CoN verifies compliance with stringent DoD and Army
requirements for security, sustainability and usability. The CoN is
based on a set of consistent, risk-based assessment criteria that
supports interoperability and reciprocity, making it easier for military
IT professionals from other participating enterprises to implement
CyberArk solutions.
This certification follows the addition of the CyberArk Privileged
Account Security Solution to the DoD Unified Capabilities Approved
Products List (UC
APL). CyberArk has the only comprehensive privileged
account security solution on the list, which identifies products
that have undergone a rigorous testing process conducted by the DoD that
assures acceptable levels of information assurance and interoperability
capabilities.
CyberArk was also granted Common
Criteria Evaluation Assurance Level EAL 2+ in 2015, further
demonstrating CyberArk’s commitment to helping Federal organizations and
global enterprises secure privileged accounts.
“Achieving the Army CoN is another significant milestone for CyberArk in
the Federal government sector, and one that makes it even easier for our
customers to implement solutions for privileged account protection and
threat detection as part of their advanced cyber security strategies,”
said Kevin Corbett, director of U.S. Federal Business at CyberArk. “With
the increasing intensity of cyber attacks targeting government data and
information, as well as critical infrastructure, CyberArk is committed
to continuing to decrease barriers for implementing solutions that help
safeguard against attacks – whether initiated by external threats or
insiders.”
Visit the Army CoN website (requires CAC for access) for more details on
the CyberArk certification (#201621511): https://www.atsc.army.mil/tadlp/implementation/config/networthiness.asp.
To learn more about CyberArk security and compliance solutions for
Federal agencies, visit http://www.cyberark.com/solutions/federal-government-solutions/.
About CyberArk
CyberArk
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 45 percent of the Fortune 100.
CyberArk’s dedicated team based in Washington, D.C. works closely with
many U.S. Federal agencies to help protect their highest value
information assets, infrastructure and applications. CyberArk’s U.S.
headquarters are located in Newton, Mass. To learn more about CyberArk,
visit www.cyberark.com,
read the company blog, http://www.cyberark.com/blog/,
follow on Twitter @CyberArk
or Facebook at https://www.facebook.com/CyberArk.
Forward-Looking Statements
This release may contain
forward-looking statements, which express the current beliefs and
expectations of CyberArk’s (the “Company”) management. In some cases,
forward-looking statements may be identified by terminology such as
“believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,”
“should,” “plan,” “expect,” “predict,” “potential” or the negative of
these terms or other similar expressions. 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 rapidly evolving cyber threat landscape; failure to
effectively manage growth; near-term declines in the Company’s operating
and net profit margins and its revenue growth rate; real or perceived
shortcomings, defects or vulnerabilities in the Company’s solutions or
internal network system, or the failure of the Company’s customers or
channel partners to correctly implement the Company’s solutions;
fluctuations in quarterly results of operations; the inability to
acquire new customers or sell additional products and services to
existing customers; competition from IT security vendors; the Company’s
ability to successfully integrate recent and or future acquisitions; and
other factors discussed under the heading “Risk Factors” in the
Company’s most recent annual report on Form 20-F filed with the
Securities and Exchange Commission. 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 © 2016 CyberArk Software. All Rights Reserved. All
other brand names, product names, or trademarks belong to their
respective holders.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160908005266/en/
Source: CyberArk
Media Relations Contacts:
fama PR
Brian Merrill,
+1-617-986-5005
cyberark@famapr.com
or
CyberArk
Liz
Campbell, +1-617-558-2191
press@cyberark.com
or
Investor
Relations Contact:
CyberArk
Erica Smith, +1-617-630-6426
ir@cyberark.com