CyberArk Named a Privileged Identity Management Leader

November 18, 2020 Mike O’Malley

Privileged Identity Management Leader

There’s never been a better time to be a cyber attacker. The mobile, cloud, and digital world is opening new doors and pathways to organizations’ most valuable assets. Stopping every attack is now out of the question.

At CyberArk, we believe proactive protection must center on securing and managing access for the thousands of human, application, and machine identities that exist in modern IT environments — any of which can become privileged at any moment, depending on what they’re accessing or doing. According to Forrester*, “machine identities are growing at twice the rate of human identities.” Layer on top of that expanding use cases for cloud, DevOps, and IoT – and the opportunities for attacker compromise are plentiful.

Today, independent research firm Forrester Research released The Forrester Wave™: Privileged Identity Management, Q4 2020.* For the report, Forrester evaluated the 10 most significant privileged identity management (PIM) vendors and identified CyberArk as a Leader.

CyberArk received the highest score in the “Current Offering” category and received the highest possible scores in 16 criteria, including threat monitoring and security, SaaS/cloud, remote access and support, execution roadmap, and innovation roadmap, among others.

This is the third in a series of recognitions as a leader this year by top global analyst firms that, in our opinion, reflect CyberArk’s solid strategy execution, unwavering commitment to innovation, and strong customer satisfaction.

In a year fraught with uncertainty, we’ve remained focused on delivering proven solutions and services that reduce risk and simplify operations so customers can securely implement digital transformation initiatives, including accelerating cloud migration, to drive their business forward and support a growing legion of remote workers.

Earlier this year, we unveiled our Identity Security vision that starts with Zero Trust and uses artificial intelligence to understand context and intent, and took the first step in delivering on this strategy. According to the Forrester report, “CyberArk’s $70 million acquisition of IDaaS provider Idaptive in May 2020 signals a major move to expand beyond its core competency and provide secure access for the entire workforce.”

We’ve continued that momentum throughout the year and are constantly innovating to raise the bar to deliver unparalleled security for our customers. Just last week we introduced CyberArk Cloud Entitlements Manager, a privilege-based, AI-powered service that removes excessive permissions to strengthen the security of cloud environments. Part of our expanding SaaS portfolio, this latest innovation further solidifies CyberArk’s market leadership position while making it easier and faster for organizations to improve their security posture by aligning with least privilege principles.

This “make it simple” mantra extends to our evolving strategy to make it even easier for customers to purchase, deploy and scale our solutions – including a broad range of just-in-time capabilities for improved privileged access control and an expanding subscription model.

We’ve also rolled out new services to help organizations develop and mature their privileged access and identity management programs. Drawing on our experience with more than 6,300 customers, the CyberArk Blueprint offers prescriptive guidance for securing privileged access everywhere: in the cloud, on employee endpoints, in SaaS applications, within automated workflows, throughout DevOps pipelines, and more.

According to the report, “CyberArk boasts industry-leading security capabilities across the portfolio, along with very good threat monitoring. The performance, scalability, and resilience of the offerings have been proved out by many large customers.”

We take great pride in this milestone, which we share with each of our customers, partners, and employees. Thank you for inspiring and driving us to continuously reimagine what’s possible.

To learn more, download a complimentary copy of The Forrester Wave™: Privileged Identity Management, Q4 2020 Report. Stay tuned for another great year of industry-leading innovation in 2021.

1 – The Forrester Wave™: Privileged Identity Management, Q4 2020 by Sean Ryan and Elsa Pikulik with Merritt Maxim, Benjamin Corey, and Peggy Dostie, November 18, 2020


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