CyberArk and CNA Introduce First-of-its-Kind Cybersecurity Insurance Offering that Prioritizes Privileged Access Security
June 11 2019 - 8:30AM
Business Wire
New Services, Training and Education Offerings
Raise Cybersecurity Awareness and Significantly Reduce Risk
CyberArk (NASDAQ: CYBR) and CNA, one of the largest U.S.
commercial property and casualty insurance companies, today
introduced the first cybersecurity insurance offering that
prioritizes privileged access security to reduce business risk.
CNA selected CyberArk to provide its policyholders with access
to a range of world-class services that will improve education and
awareness about privileged access-related risk. This includes tools
to identify where the riskiest accounts and credentials exist
within an organization and guidance for prioritizing protection and
management of privileged access to improve security and
compliance.
“The costs of data breaches caused by malicious attackers, human
error or simple technology glitches have never been higher,” said
Andrew Lea, vice president, head of Commercial E&O, Cyber &
Media Liability, CNA. “We understand that privileged access
security significantly reduces risk, and we want to make sure CNA
policyholders have access to the best services and technology the
industry has to offer. CyberArk is an industry leader in privileged
access security and offers a depth of experience and expertise that
will deliver great value to our policyholders.”
The program begins with a complimentary CyberArk Privileged
Access Security Assessment, which identifies current privileged
access security risk posture and enables organizations to
understand how they compare to industry peers. Once an evaluation
is completed, CNA policyholders have access to a range of
additional privileged access-related services including:
- Discovery and Audit (DNA
Workshop): A review of organizational requirements and drivers
to identify objectives, success criteria, priorities and use cases
of a privileged access security solution. With CyberArk, customers
will conduct an in-depth review of critical controls and timelines
using recommended CyberArk frameworks and tools such as the
CyberArk Privileged Access Security Cyber Hygiene Program and
Discovery and Audit (DNA) tool.
- CyberArk Red Team Tools, Tactics and
Procedures (TTP): An engagement with the CyberArk Red Team will
educate organizations on the common techniques utilized by
attackers to compromise security controls and put companies at
significant risk. Security teams will receive the hands-on
experience they need to understand popular attack techniques and
defense strategies.
- CyberArk Security Services
Intensive: Gain the building blocks for developing or
accelerating an effective privileged access security program with
implementation planning, architecture design and consulting.
“Global organizations understand that in order to reduce the
most business risk, they must prioritize privileged access security
as a long-term program,” said Adam Bosnian, executive vice
president, global business development, CyberArk. “This
first-of-its-kind program will deliver superior education and
training to improve overall cybersecurity awareness, and give CNA
policyholders the tools they need to prioritize privileged access
security in ways that are quantifiable and compliance driven.”
The CyberArk Privileged Access Security Assessment
Created by CyberArk, the Privileged Access Security Assessment
systematically addresses organizations’ privileged access security
risk and directs them toward actions that will yield the greatest
improvement in their overall privileged access security posture.
Evaluations are based on seven critical areas such as protecting
against irreversible network takeover and securing application
credentials. A customized risk score enables the organization to
benchmark their privileged access security maturity against peers
using a reference group defined by industry, employee count, annual
revenue and region. This detailed, comparative analysis also
provides remediation guidance based on CyberArk’s market-leading
experience, allowing organizations to best optimize their time and
resources on processes that reduce the most privileged access
security risk. To learn more, visit
https://www.cyberark.com/cyberark-privileged-access-security-assessment-tool/.
About CyberArkCyberArk (NASDAQ: CYBR) is the
global leader in privileged access security, a critical layer of IT
security to protect data, infrastructure and assets across the
enterprise, in the cloud 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 www.cyberark.com, read
the CyberArk blogs or follow on Twitter
via @CyberArk, LinkedIn or Facebook.
Copyright © 2019 CyberArk Software. All Rights Reserved. All
other brand names, product names, or trademarks belong to their
respective holders.
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Media Relations Contacts:Brian Merrill, fama PRPhone:
+1-617-986-5005Email: cyberark@famapr.comLiz Campbell,
CyberArkPhone: +1-617-558-2191Email: press@cyberark.comInvestor
Relations Contact:Erica Smith, CyberArkPhone: +1
617-630-6426Email: ir@cyberark.com
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