CyberArk Advances Identity Security Market with Unmatched Cybersecurity Innovation
July 13 2022 - 10:03AM
Business Wire
Identity Security Centered on Intelligent
Privilege Controls Offers Customers a Modern Way to Secure All
Identities and Assets, Anywhere
CyberArk Impact 2022 – CyberArk (NASDAQ: CYBR), the
global leader in Identity Security, is making several announcements
today at the CyberArk Impact 2022 event that put cybersecurity
innovation at the epicenter of identity protection. Continuing to
define and lead the Identity Security market, only CyberArk can
deliver comprehensive advancements in key areas that help customers
enable Zero Trust, such as privileged access management, identity
management, cloud privilege security and secrets management, to
give organizations the confidence they need to accelerate business
transformation with less risk.
Organizations continue to play a difficult balancing game. They
must manage down cybersecurity debt brought on by rapid moves to
the cloud and SaaS adoption, which create a surge in identities,
while bolstering defenses to brace for coming waves of attacker
sophistication and new, unrelenting attack volume – often in the
form of ransomware and the exploitation of software supply chain
weaknesses. Today, for every human identity there are 45 machine
identities and over half of an organization’s workforce has access
to sensitive corporate data. These human and machine identities
represent an expanded attack surface that adds pressure to mounting
cybersecurity insurance and compliance requirements.
These challenges call for advanced Identity Security solutions
architected for the evolving threat landscape with the ability to
enforce least privilege. Centered on intelligent privilege
controls, Identity Security seamlessly secures access for all
identities, and flexibly automates the identity lifecycle, with
continuous threat detection and protection – all with a unified
approach.
“Two years ago at our CyberArk Impact event, we put a stake in
the ground – detailing our vision and strategy for Identity
Security. Since then, we’ve made great progress in realizing this
vision. We have firmly established the category and consistently
executed on our roadmap – raising the bar for innovation with a
comprehensive Identity Security platform,” said Udi Mokady,
founder, chairman and CEO, CyberArk. “Identity Security is now the
standard for managing growth and reducing risk without compromise,
and CyberArk is the leader. Our approach to Identity Security,
centered on intelligent privilege controls, means customers can
confidently drive greater cyber resilience built on Zero
Trust.”
Advancing Business Critical Identity Security
Built for the dynamic enterprise, the CyberArk Identity Security
Platform enables secure access for any identity, human or machine,
to any resource or environment from anywhere using any device. In
addition to continued innovation across its self-hosted solutions
and expanding SaaS portfolio of privileged access management,
workforce and customer access, and endpoint privilege security
offerings, CyberArk announced key advancements in these core
areas:
Identity Management
- CyberArk Identity Flows automates identity management
tasks through no-code / low-code app integrations and workflows for
identity data, processes and events. With Identity Flows, users can
take actions and make decisions from a single location, improving
productivity and user experience. Identity Flows is built on
technology from the acquisition of Aapi.io. CyberArk acquired
Aapi.io in March 2022 to bolster Identity Lifecycle Management
capabilities and broaden Identity Automation and Orchestration
capabilities across its Identity Security Platform.
- CyberArk Identity Compliance makes it easier for
organizations to enforce and demonstrate compliance by automating
the access provisioning lifecycle, streamlining access
certifications and providing comprehensive identity analytics.
Leveraging leading identity lifecycle and privilege entitlements
management features, the Identity Compliance solution can help
organizations strengthen their security posture, enforce least
privilege and comply with a growing number of regulatory
requirements.
Cloud Privilege Security
- CyberArk Secure Cloud Access provisions Just-in-Time,
least privilege access to cloud consoles, command lines and
services, helping implement Zero Trust initiatives by reducing the
risk of compromised privileged sessions for DevOps and cloud
operations teams. With Secure Cloud Access, privileged sessions are
provisioned with only the required permissions for the task at
hand, protected from browser hijacking, and recorded to help
satisfy audit and compliance. Only CyberArk helps secure both
standing and Just-in-Time access across hybrid and multi-cloud
environments, enabling secure digital transformation
initiatives.
Secrets Management
- CyberArk Secrets Hub makes it easier for developers in
hybrid environments to consume secrets on Amazon Web Services (AWS)
using AWS Secrets Manager, while security managers retain
centralized control and the ability to enforce unified policies
over secrets using existing processes and infrastructure (see
“CyberArk Launches Secrets Hub for AWS Secrets Manager” for more
details).
“The continued strong adoption of the CyberArk Identity Security
platform and enthusiasm from customers and partners has been
tremendous. The new offerings we announced today are for all those
organizations that understand that protecting identities is not
only good for business, it also needs to be priority #1 when it
comes to cybersecurity,” said Chen Bitan, chief product officer at
CyberArk.
The CyberArk platform is based on a set of foundational shared
services including Identity Security Intelligence. This new
Identity Security Intelligence service provides continuous
identity threat detection and prevention by automatically detecting
anomalous user behavior and privileged access misuse for both
workforce and privileged users. Additional shared services enabling
operational efficiencies include a single Admin Portal with an
improved user experience, Identity Administration, which provides
unified Authentication and Authorization, and Unified Audit that
will centrally collect audit data for both workforce and privileged
user sessions.
“Today’s announcements from CyberArk reflect the growing need
many organizations face – the need to double down on security-first
identity protection to protect the known – and unknown – identities
that exist across hybrid IT environments,” said Jack Poller, senior
analyst, Enterprise Strategy Group. “By clearly defining the
Identity Security category and focusing on protecting identities
where they matter most – from the cloud and development
environments to the desktop – we believe CyberArk is truly
delivering value where their customers need it most.”
These latest CyberArk Identity Security Platform advancements
will be available by the end of 2022.
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 © 2022 CyberArk Software. All Rights Reserved. All
other brand names, product names, or trademarks belong to their
respective holders.
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Media Contacts: Carissa Ryan, CyberArk Email:
press@cyberark.com
Highwire PR Email: cyberark@highwirepr.com
Investor Relations: Erica Smith, CyberArk Email:
ir@cyberark.com
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