CyberArk Receives Cyber Catalyst SM Designation From Global Cyber Insurance Leaders
January 15 2021 - 1:11PM
Business Wire
CyberArk Recognized for Ability to Effectively
Reduce Cybersecurity Risk
CyberArk (NASDAQ: CYBR), today announced that CyberArk Core
Privileged Access Security has received a Cyber CatalystSM
designation.
Created by Marsh, a global leader in insurance broking and risk
management, the Cyber Catalyst program convenes leading cyber
insurers to evaluate cybersecurity solutions and awards the Cyber
Catalyst designation to those they believe can have a meaningful
impact on cyber risk. The program’s rigorous evaluation process
involved participating insurers assessing the ability of
cybersecurity solutions to address prominent risks including
ransomware, supply chain and vendor management, cloud migration and
management, social engineering, and privacy regulation and data
management.
With compromised privileged credentials continuing to be the
root cause of the most damaging cyberattacks, a strong privileged
access management program is more important than ever. Delivering
the most comprehensive Privileged Access Management solution for
cloud and hybrid environments, CyberArk helps to control, manage
and audit privileged accounts, credentials and secrets for human
and non-human users to reduce risk while also improving operational
efficiency and compliance.
“The Cyber Catalyst designation signals that leading insurers
believe the CyberArk Core Privileged Access Security solution can
help reduce cyber risk, and strongly merits consideration by
organizations who seek solutions that yield meaningful improvements
in cyber risk outcomes. The 2020 class of Cyber Catalyst solutions
target the five most significant cyber risks identified by cyber
insurers and, together with the 2019 designees, comprise a roster
of more than 30 cybersecurity products insurers believe can be
highly effective against cyber threats,” said Thomas Reagan, Marsh
Cyber Practice Leader, US & Canada.
In their evaluation, the insurers said of CyberArk:
“One of the best identity access management
solutions, and timely given emerging regulatory concerns regarding
visibility of data. Helps meet the requirement for improved control
and oversight of access to data based on user role.”
“A comprehensive solution for privilege
access management and simplifies the local admin access problem.
Targets the key ways attacks happen and looks closely at
unauthorized actions rather than standard indicators of
compromise.”
“As high profile cyberattacks continue to make headlines, the
compromise of privileged credentials plays a critical role, giving
attackers the ability to access high value assets and cause
significant business damage and disruption,” said Mike O’Malley,
senior vice president of global marketing, CyberArk. “The Cyber
Catalyst program designation validates the importance of privileged
access management to an overall cybersecurity strategy. It’s this
notion that remains at the heart of our mission -- to help
customers reduce privilege related risk, address compliance
concerns and ultimately be able to confidently and securely move
their businesses forward.”
About CyberArk
CyberArk (NASDAQ: CYBR) is the global leader in privileged
access management, a critical layer of IT security to protect data,
infrastructure and assets across cloud and hybrid environments and
throughout the DevOps pipeline. CyberArk delivers the industry’s
most complete solution to reduce risk created by privileged
credentials and secrets. The company is trusted by the world’s
leading organizations, including more than 50 percent of the
Fortune 500, to protect against external attackers and malicious
insiders. 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
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210115005522/en/
Media Relations Contacts: Brian Merrill, fama PR Phone:
+1-617-986-5005 Email: cyberark@famapr.com
Alison Parker, CyberArk Phone: +1-617-663-0162 Email:
press@cyberark.com
Investor Relations Contact: Erica Smith, CyberArk Phone:
+1 617-630-6426 Email: ir@cyberark.com
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