Report Recognizes CyberArk for Largest Privileged Identity Management Market Presence
Newton, Mass. and Petach Tikva, Israel – July 8, 2016 – CyberArk (NASDAQ: CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, has been named a Leader in “The Forrester Wave™: Privileged Identity Management, Q3 2016.”1
The report evaluates the 10 most significant privileged identity management (PIM) vendors. All vendors were assessed based on criteria across three high-level categories: Current Offering, Strategy and Market Presence. According to Forrester, CyberArk has the largest PIM market presence. The report states that “of the solutions evaluated in this Forrester Wave, CyberArk has the largest market presence (based on combined revenues, revenue growth, direct customer install base, and growth).”
Across other criteria, CyberArk is top ranked in host access control and privilege delegation and escalation. CyberArk also received the highest possible score in the following criteria: cloud support, privileged session management and recording, and application-to-application password management.
According to the report, “Forrester estimates that 80 percent of security breaches involve privileged credentials.” CyberArk helps organizations adopt an inside-out security approach by putting a new layer of defense over core business systems and managing all privileged accounts and credentials that exist within the network. The CyberArk Privileged Account Security Solution helps identify existing privileged credentials across networks, makes sure those credentials are locked down and secure, and leverages continuous monitoring of privileged account credentials to detect anomalous behavior and stop an attack early in the cycle to reduce damage and enable the business to continue to operate.
CyberArk has more than 2,600 customers in 65 countries worldwide, which include more than 40 percent of the Fortune 100. CyberArk also works with more than 250 global channel partners. CyberArk recently launched the C3 Alliance, its new global technology partner program that builds on the power of privileged account security to better protect customers from cyber threats. C3 Alliance members that integrate with the CyberArk Privileged Account Security Solution can deliver enhanced value to customers in the areas of proactive protection, detection and response.
This report evaluated PIM vendor capabilities available through December 31, 2015. Since that time, CyberArk has introduced several product advancements including:
- CyberArk Privileged Threat Analytics v3.0, which features real-time threat detection and containment capabilities to help organizations secure against cyber attacks. The solution includes targeted analytics and the ability to analyze network traffic to better detect indications of an attack early in the lifecycle, including credential theft, lateral movement and privilege escalation.
- CyberArk Viewfinity v5.5, which provides a unified privilege management and application control solution to reduce the attack surface and secure the endpoint, while being able to block the progression of malware-based attacks and ransomware, and balance business user productivity and enterprise security.
- CyberArk Privileged Account Security Solution v9.7, which delivers the ability to leverage native Windows standard tools when connecting to target systems via the CyberArk Privileged Session Manager as well as automatic provisioning of unmanaged accounts detected by CyberArk Privileged Threat Analytics.
“This Forrester PIM Wave highlights key privileged identity management industry trends and we are proud that CyberArk was found to be a leader in the evaluation,” said Roy Adar, senior vice president, product management, CyberArk. “CyberArk is committed to strategic product innovation to enable our customers to proactively protect against advanced cyber threats and demonstrate measureable results. CyberArk has built our solution from a ‘security-first’ perspective, which is especially valuable to customers and partners that are evolving from compliance-driven to risk-based buying decisions and that consider privileged account security a business priority.”
To download a complimentary copy of The Forrester Wave™: Privileged Identity Management, Q3 2016 report, visit: https://www.cyberark.com/resource/privileged-account-security-leader/
1 – The Forrester Wave™: Privileged Identity Management, Q3 2016 by Andras Cser, July 8, 2016