NEWTON, Mass. and PETACH TIKVA, Israel – August 24, 2017 – 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.
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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.
CyberArk 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.
1 – Gartner “Market Guide for Privileged Access Management” by Felix Gaehtgens, Amnol Singh, Dale Gardner, August 22, 2017