CyberArk Cited by Gartner in Privileged Access Management Market Guide for Fourth Year in a Row
August 24 2017 - 11:41AM
Business Wire
CyberArk Enables Organizations to Secure Their
Privileged Accounts Across the Enterprise, in the Cloud and Across
the DevOps Pipeline
CyberArk (NASDAQ: CYBR), the company that protects organizations
from cyber attacks that have made their way inside the network
perimeter, today announced it has been named a representative
vendor in Gartner’s 2017 Market Guide for Privileged Access
Management for the fourth consecutive year.1
According to Gartner, interest in PAM tools is driven by several
factors:
- “The risk of breaches and insider
threats
- The need to prevent, isolate and limit
malware attacks that leverage privileged accounts
- An increase of operational efficiency
for administrator and operator access
- Regulation and failed audits, because
auditors are paying closer attention to privileged accounts, and
regulations are forcing organizations to record a trail of evidence
for privileged access
- The need to grant privileged access to
third parties: contractors, vendors and service provider
technicians
- The need to address requirements for a
comprehensive cybersecurity defense strategy, specifically for
critical infrastructure.”
Other factors driving market adoption include cloud and DevOps
and Gartner recommends security and risk management leaders
“evaluate vendors on how they can help secure nonhuman service and
application accounts – these accounts are major sources of
operational security and risk, and most organizations have a
significant number of them.”
“It’s an honor to be acknowledged as a representative vendor by
Gartner for the fourth year in a row, a distinction that we believe
is validated by the trust placed in CyberArk by many of the world’s
leading companies – including more than half of the Fortune 100,”
said Udi Mokady, chairman and CEO, CyberArk. “We’re committed to
providing our customers with the industry’s leading platform for
protecting all privileged accounts across enterprise
infrastructure. Our continued research and development ensures that
our customer’s critical assets are protected and supports their
future operational needs, including migration to the cloud and
securing DevOps initiatives.”
As organizations continue to adopt virtualization and cloud
infrastructure, CyberArk’s commitment to supporting customers
through each stage of migration to the cloud is supported by the
recent announcement of cloud automation capabilities incorporating
CyberArk AMIs (Amazon Machine Images) and AWS Cloud Formation
templates and an integration with Amazon Inspector to simplify the
discovery and prioritization of privileged account risk.
Due to the dynamic nature of DevOps, “secrets” – which are
privileged account credentials, SSH Keys, API keys and more – are
proliferating throughout the IT infrastructure at a rapid-fire
pace, creating massive security risks for organizations. With the
recent acquisition of Conjur, CyberArk offers customers the
industry’s only enterprise-class security solution that delivers
comprehensive privileged account management and secrets
protection.
Download a complimentary copy of the Gartner Market Guide
report.
Gartner DisclaimerGartner does not endorse any vendor,
product or service depicted in its research publications, and does
not advise technology users to select only those vendors with the
highest ratings or other designation. Gartner research publications
consist of the opinions of Gartner's research organization and
should not be construed as statements of fact. Gartner disclaims
all warranties, expressed or implied, with respect to this
research, including any warranties of merchantability or fitness
for a particular purpose.
About CyberArkCyberArk 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 more than 50 percent of the
Fortune 100 – to protect their highest value information assets,
infrastructure and applications. A global company, CyberArk is
headquartered in Petach Tikva, Israel, with U.S. headquarters
located in Newton, Mass. The company also has offices throughout
the Americas, EMEA, Asia Pacific and Japan. To learn more about
CyberArk, visit www.cyberark.com, read the CyberArk blog, or follow
on Twitter via @CyberArk, LinkedIn or Facebook.
Copyright © 2017 CyberArk Software. All Rights Reserved. All
other brand names, product names, or trademarks belong to their
respective holders.
1 Gartner “Market Guide for Privileged Access Management” by
Felix Gaehtgens, Amnol Singh, Dale Gardner, August 22, 2017
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Media Relations Contacts:fama PRBrian Merrill,
+1-617-986-5005cyberark@famapr.comorCyberArkChristy Lynch,
+1-617-796-3210press@cyberark.comorInvestor Relations
Contact:CyberArkErica Smith, +1-617-630-6426ir@cyberark.com
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