Telefónica Tech and CyberArk to Deliver New Identity Security Managed Service Offering
October 06 2021 - 6:00AM
Business Wire
Managed Services Provider Expands Cybersecurity
Offerings with New Identity-Driven Solutions Built on CyberArk
Telefónica Tech, the leading digital transformation enabler, and
CyberArk (NASDAQ: CYBR), the global leader in Identity Security,
are teaming up to deliver an expanded portfolio of SaaS-based
cybersecurity solutions that prioritize a security-first approach
to protecting against identity-driven risk. Customers will benefit
from being able to secure access for all human and machine
identities without sacrificing business agility.
As part of this agreement, both Telefónica B2B customers as well
as Telefónica telecommunications operators will have access to a
new set of innovative cybersecurity offerings, built on the
CyberArk Identity Security Platform. Telefónica Tech will offer the
CyberArk platform as a managed service, addressing the Identity
Security needs of customers - from large enterprises to SMBs - in
multiple countries including Brazil, Germany, Spain, the UK and the
USA.
Organizations are deploying increasingly complex enterprise
networks in order to enable remote work and accelerate digital
transformation. As a result, traditional perimeter-based approaches
to security are no longer sufficient – there are simply too many
critical credentials, secrets and identities to manage without a
best-in-class Identity Security solution. Cybercriminals are
regularly able to exploit gaps in network perimeters and negatively
impact businesses by compromising both user and machine
identities.
Centered on privileged access management, the CyberArk Identity
Security Platform delivers a security-first approach to
authentication, authorization, access and audit, in an integrated,
seamless manner — helping to ensure protection at every step in the
Identity Security lifecycle with a frictionless user
experience.
“Organizations are struggling to adapt their corporate security
in the post-pandemic scenario. To cope with this changing
situation, Telefónica Tech aims to address this need with
market-leading security management services, based not only
Telefónica’s SOC capabilities, but also via establishing alliances
with the most advanced technology providers,” said Alberto Sempere,
Cybersecurity Product & Services director, Telefónica Tech.
“For this reason, Telefónica Tech is building out its Identity
Security offering with CyberArk as its foundation, making the
entire CyberArk Identity Security Platform available as a managed
services provision to Telefónica Tech customers around the
world.”
“User credentials and machine secrets have become the vector of
choice for attackers as they seek to compromise privileged data and
assets at organizations across all verticals,” said Chris Moore,
vice president, Global Channels, CyberArk. “Telefónica Tech is a
leading global managed service provider, and we are delighted to be
an integral part of its managed cyber services portfolio. Customers
will benefit from a proactive Identity Security-centered approach
to mitigating cyber risk.”
The relationship further expands CyberArk’s footprint in major
economies in Europe as well as Latin America. CyberArk was named a
Leader in the 2021 Gartner® Magic Quadrant™ for Privileged Access
Management (1). The company was positioned both highest in Ability
to Execute and furthest in Completeness of Vision for the third
time in a row. For more information visit:
https://www.cyberark.com/gartner-mq-pam/
(1) Gartner, Magic Quadrant for Privileged Access Management,
Felix Gaehtgens, Abhyuday Data, Michael Kelley, Swati Rakheja, 19th
July 2021
Gartner 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. Gartner and
Magic Quadrant are registered trademarks of Gartner, Inc. and/or
its affiliates in the U.S. and internationally and is used herein
with permission. All rights reserved.
About Telefónica Tech
Telefónica Tech is the leading company in digital
transformation. The company has a wide range of services and
integrated technology solutions in Cybersecurity, Cloud, IoT, Big
Data or Blockchain. For more information, please visit:
https://tech.telefonica.com/.
About CyberArk
CyberArk (NASDAQ: CYBR) is the global leader in Identity
Security. Centered on privileged access management, CyberArk
provides the most comprehensive security offering for any identity
– human or machine – across business applications, distributed
workforces, hybrid cloud workloads and throughout the DevOps
lifecycle. The world’s leading organizations trust CyberArk to help
secure their most critical assets. To learn more about CyberArk,
visit https://www.cyberark.com, read the CyberArk blogs or follow
on Twitter via @CyberArk, LinkedIn or Facebook.
Copyright © 2021 CyberArk Software. All Rights Reserved. All
other brand names, product names, or trademarks belong to their
respective holders.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211006005382/en/
Media Relations: Telefónica, S.A. Phone: +34 91 482 38 00
email: prensatelefonica@telefonica.com
Jordan Fylonenko, CyberArk Phone: +1 734-536-2014
press@cyberark.com
Investor Relations: Erica Smith, CyberArk Phone: +1
617-630-6426 Email: ir@cyberark.com
CyberArk Software (NASDAQ:CYBR)
Historical Stock Chart
From Sep 2024 to Oct 2024
CyberArk Software (NASDAQ:CYBR)
Historical Stock Chart
From Oct 2023 to Oct 2024