PRESS RELEASE

CyberArk Launches New Privileged Access Security as a Service Offering

 

NEWTON, Mass. and PETACH TIKVA, Israel – June 22, 2018 – CyberArk (NASDAQ: CYBR), the global leader in privileged access security, today announced the availability of CyberArk Privilege Cloud, a new privileged access security as a service offering.

According to the Center for Internet Security, controlling use of administrative privileges is one of the top five basic CIS Controls™, supporting privileged access security as a priority for protecting organizations and data from insider threats and external attacks. For organizations that have not yet adopted a privileged access security solution or those with more limited IT resources and security budgets, an “as a service” offering is attractive since it enables these organizations to get started quickly.

“Continuous innovation that provides rapid risk reduction for our customers is a priority for CyberArk,” said Roy Adar, senior vice president, product management, CyberArk. “CyberArk Privilege Cloud reinforces this commitment by enabling organizations to focus dedicated resources and attention on mitigating privileged access risks, while reducing the need to operate and deploy the underlying technologies.”

With flexible subscription-based pricing, CyberArk Privilege Cloud provides a simplified path to securely store, rotate and isolate credentials, monitor sessions, and quickly deliver measurable risk reduction to the business. While the market for privileged access security solutions is today driven primarily by on- premises deployments, CyberArk can now offer organizations a flexible alternative to scale their privileged access security programs as their business grows without having to manage underlying infrastructure.

With CyberArk Privilege Cloud and CyberArk Endpoint Privilege Manager, CyberArk now offers customers a comprehensive solution for reducing privileged credential-related risk in an as a service model for resources on-premises and in the cloud.

About CyberArk                                                                                                         

CyberArk (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 100, 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.

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