Today, independent analyst firm KuppingerCole Analysts released its 2020 “Leadership Compass: Privileged Access Management” report, naming CyberArk the Overall Leader. CyberArk has held this leadership position for five consecutive years in recognition of its consistent, demonstrated advantages over the other vendors evaluated for this report.
This Leadership Compass comes at an important time. With security teams and Identity and Access Management (IAM) leaders facing immediate challenges related to business continuity and enabling remote work, it’s important to consider the broader organizational implications of our “new normal.”
The sudden, but necessary, transformation of global workforces has dramatically expanded the corporate privilege-related attack surface. Previously unmanaged devices are connecting to networks, while a broad range of users, including IT administrators, developers and business users, require remote access.
Many of these users require privileged access to corporate resources to maintain critical activities like payroll, product development and testing, security ops and customer support. Few companies have ever had to perform these operations in a continuous, remote setting.
These new workflows are unfortunately accompanied by a rapidly growing list of vulnerabilities that impact organizations. From exploitable vulnerabilities in communications and collaboration tools like Zoom and Microsoft Teams, to insecure VPNs and even the broad use of unsecured home WiFi networks. Attackers are well aware of the opportunities the crisis has created for them and are dramatically increasing the pace of their attacks accordingly.
Bottom line? The new remote workforce has resulted in the users of privileged accounts becoming more numerous and widespread than ever before, while the pathways to steal and exploit these powerful accounts have grown and become easier to exploit.
According to analyst Paul Fisher, senior analyst at KuppingerCole Analysts, privileged access management has become one of the fastest growing areas of cyber security and risk management solutions. And that was before our world was turned upside down by COVID-19. Now, the need for privileged access management is greater than ever and CyberArk is best positioned to help our customers prepare for what’s next.
With continued investments in innovation across the CyberArk Privileged Access Security Solution, CyberArk delivers the most comprehensive offerings for modern infrastructure that enable business, reduce risk and improve operational efficiency.
According to KuppingerCole Analysts, CyberArk “has a commanding position in the market and remains the one to beat.” Want to work with the Leader? Download a complimentary copy of the 2020 KuppingerCole Privileged Access Management Leadership Compass report now.
To learn more about what sets CyberArk apart, visit here.