Summary

Intelligent power management company Eaton announced a cybersecurity collaboration with global leader in identity security CyberArk to enhance protection of utility transmission and distribution devices and networks.

The collaboration leverages Eaton’s grid automation expertise and industry-leading approach to cybersecurity with CyberArk’s Identity Security solutions to help utilities simplify a critical element of cybersecurity compliance for modern grid automation systems.  

“Today’s utility infrastructure is more connected than ever before, which provides unprecedented grid flexibility and stability alongside significant cybersecurity risk,” said Eric Lebeau, product line manager for Eaton. “By working with CyberArk, we are uniquely able to help utilities unify cybersecurity monitoring and management of both OT and IT devices–regardless of manufacturer–to secure the grid and streamline industry compliance.”

The ongoing decentralization and digitalization of power makes it essential for utilities to safeguard connected devices and data against the rising threat of cyberattack. By integrating CyberArk’s capabilities into its IED Manager Suite (IMS), Eaton is enabling utilities to automate the complex task of manually verifying, managing and rotating network access passwords for intelligent electronic devices (IEDs) used in grid automation systems. The CyberArk integration within Eaton’s IMS software also allows utilities to retrieve credentials easily and securely for scans and firmware updates.

“Critical infrastructure continues to be vulnerable to cyber attackers seeking to disrupt operations or cause harm,” said Clarence Hinton, chief strategy officer and head of corporate development, CyberArk. “We believe this integration with Eaton will provide joint customers with greater control and protection of those credentials used to access sensitive systems, especially those credentials that have privileged access. We look forward to continuing to expand our collaboration and work together with Eaton to help drive down risk and exposure to cybersecurity threats.”

Eaton's IMS software helps utilities manage configuration settings, passwords and firmware for IEDs from a wide range of manufacturers used in grid automation systems. It reduces maintenance costs through secure remote access and helps comply with North American Electric Reliability Corporation (NERC) critical infrastructure protection (CIP) requirements.  

Centered on privileged access management, CyberArk provides the most comprehensive security offering for any identity–human or machine–across business applications, distributed workforces, hybrid cloud workloads and throughout the DevOps lifecycle.

About Eaton

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power─today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.

Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries.

Identity Security Centered on Intelligent Privilege Controls Offers Customers a Modern Way to Secure All Identities and Assets, Anywhere

BOSTON, July 13, 2022--(BUSINESS WIRE)--CyberArk Impact 2022 – CyberArk (NASDAQ: CYBR), the global leader in Identity Security, is making several announcements today at the CyberArk Impact 2022 event that put cybersecurity innovation at the epicenter of identity protection. Continuing to define and lead the Identity Security market, only CyberArk can deliver comprehensive advancements in key areas that help customers enable Zero Trust, such as privileged access management, identity management, cloud privilege security and secrets management, to provide organizations the confidence they need to accelerate business transformation with less risk.

Organizations continue to play a difficult balancing game. They must manage down cybersecurity debt brought on by rapid moves to the cloud and SaaS adoption, which create a surge in identities, while bolstering defenses to brace for coming waves of attacker sophistication and new, unrelenting attack volume – often in the form of ransomware and the exploitation of software supply chain weaknesses. Today, for every human identity there are 45 machine identities and over half of an organization’s workforce has access to sensitive corporate data. These human and machine identities represent an expanded attack surface that adds pressure to mounting cybersecurity insurance and compliance requirements.

These challenges call for advanced Identity Security solutions architected for the evolving threat landscape with the ability to enforce least privilege. Centered on intelligent privilege controls, Identity Security seamlessly secures access for all identities, and flexibly automates the identity lifecycle, with continuous threat detection and protection – all with a unified approach.

"Two years ago at our CyberArk Impact event, we put a stake in the ground – detailing our vision and strategy for Identity Security. Since then, we’ve made great progress in realizing this vision. We have firmly established the category and consistently executed on our roadmap – raising the bar for innovation with a comprehensive Identity Security platform," said Udi Mokady, founder, chairman and CEO, CyberArk. "Identity Security is now the standard for managing growth and reducing risk without compromise, and CyberArk is the leader. Our approach to Identity Security, centered on intelligent privilege controls, means customers can confidently drive greater cyber resilience built on Zero Trust."

Story continues

Advancing Business Critical Identity Security

Built for the dynamic enterprise, the CyberArk Identity Security Platform enables secure access for any identity, human or machine, to any resource or environment from anywhere using any device. In addition to continued innovation across its self-hosted solutions and expanding SaaS portfolio of privileged access management, workforce and customer access, and endpoint privilege security offerings, CyberArk announced key advancements in these core areas:

Identity Management

• CyberArk Identity Flows automates identity management tasks through no-code / low-code app integrations and workflows for identity data, processes and events. With Identity Flows, users can take actions and make decisions from a single location, improving productivity and user experience. Identity Flows is built on technology from the acquisition of Aapi.io. CyberArk acquired Aapi.io in March 2022 to bolster Identity Lifecycle Management capabilities and broaden Identity Automation and Orchestration capabilities across its Identity Security Platform.

• CyberArk Identity Compliance makes it easier for organizations to enforce and demonstrate compliance by automating the access provisioning lifecycle, streamlining access certifications and providing comprehensive identity analytics. Leveraging leading identity lifecycle and privilege entitlements management features, the Identity Compliance solution can help organizations strengthen their security posture, enforce least privilege and comply with a growing number of regulatory requirements.​

Cloud Privilege Security

• CyberArk Secure Cloud Access provisions Just-in-Time, least privilege access to cloud consoles, command lines and services, helping implement Zero Trust initiatives by reducing the risk of compromised privileged sessions for DevOps and cloud operations teams. With Secure Cloud Access, privileged sessions are provisioned with only the required permissions for the task at hand, protected from browser hijacking, and recorded to help satisfy audit and compliance. Only CyberArk helps secure both standing and Just-in-Time access across hybrid and multi-cloud environments, enabling secure digital transformation initiatives.

Secrets Management

• CyberArk Secrets Hub makes it easier for developers in hybrid environments to consume secrets on Amazon Web Services (AWS) using AWS Secrets Manager, while security managers retain centralized control and the ability to enforce unified policies over secrets using existing processes and infrastructure (see "CyberArk Launches Secrets Hub for AWS Secrets Manager" for more details).

"The continued strong adoption of the CyberArk Identity Security platform and enthusiasm from customers and partners has been tremendous. The new offerings we announced today are for all those organizations that understand that protecting identities is not only good for business, it also needs to be priority #1 when it comes to cybersecurity," said Chen Bitan, chief product officer at CyberArk.

The CyberArk platform is based on a set of foundational shared services including Identity Security Intelligence. This new Identity Security Intelligence service provides continuous identity threat detection and prevention by automatically detecting anomalous user behavior and privileged access misuse for both workforce and privileged users. Additional shared services enabling operational efficiencies include a single Admin Portal with an improved user experience, Identity Administration, which provides unified Authentication and Authorization, and Unified Audit that will centrally collect audit data for both workforce and privileged user sessions.

"Today’s announcements from CyberArk reflect the growing need many organizations face – the need to double down on security-first identity protection to protect the known – and unknown – identities that exist across hybrid IT environments," said Jack Poller, senior analyst, Enterprise Strategy Group. "By clearly defining the Identity Security category and focusing on protecting identities where they matter most – from the cloud and development environments to the desktop – we believe CyberArk is truly delivering value where their customers need it most."

These latest CyberArk Identity Security Platform advancements will be available by the end of 2022.

About CyberArk

CyberArk (NASDAQ: CYBR) is the global leader in Identity Security. Centered on privileged access management, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud workloads and throughout the DevOps lifecycle. The world’s leading organizations trust CyberArk to help secure their most critical assets. To learn more about CyberArk, visit https://www.cyberark.com, read the CyberArk blogs or follow on Twitter via @CyberArk, LinkedIn or Facebook.

Copyright © 2022 CyberArk Software. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220713005105/en/

Contacts

Media Contacts:
Carissa Ryan, CyberArk
Email: press@cyberark.com

Highwire PR
Email: cyberark@highwirepr.com

Investor Relations:
Erica Smith, CyberArk
Email: ir@cyberark.com

CyberArk better be careful - that's the gist of a new study of the privileged access management market. Long-reigning undisputed leader it may be, but it's not impervious to competitors such as Delinea and One Identity, which are catching up thanks to a few acquired boosts last year to their capabilities.

See Also: OnDemand | Zero Tolerance: Controlling The Landscape Where You'll Meet Your Adversaries

"CyberArk has been the 800-pound gorilla for a long time. They've been the king of the hill," Gartner Magic Quadrant author Michael Kelley tells Information Security Media Group. "They still remain the leader, but I think lots of companies are doing a lot of investment and catching up a little bit on feature and functionality." The consultancy released its latest Magic Quadrant for the PAM industry on July 19, evaluating the competitive standings of 11 companies.

Gartner once again recognized publicly traded Boston-area vendor CyberArk for having the most complete vision and strongest execution ability around privileged access management.

Reasons for the company to closely watch its back paradoxically start with the growing size of the market. Interest in PAM tools has perked up outside its traditional constituency of compliance and audit departments, Gartner finds. Cyber insurance providers are almost bullying corporate Americans into becoming PAM customers by threatening massive rate increases to any client without such tools, Kelley says.

"The cost of a breach is much larger if a privileged account has been compromised," Kelley says. "I think cybersecurity insurers recognize that one way of limiting the impact of cybersecurity breaches - and especially their responsibility to pay for cybersecurity breaches - is to have good controls in place for privileged accounts." Gartner estimated in 2018 that 70% of organizations would implement PAM by 2022, and that prediction has nearly come to pass.

CyberArk competition One Identity, which is splitting from Quest and is fresh from its October purchase of OneLogin, took silver for completeness of vision in the Gartner race. Mumbai-based Arcon took the silver in execution ability.

Silicon Valley-based Delinea was formed in February through the merging of TPG Capital-owned rivals Thycotic and Centrify and was bestowed bronze in both completeness of vision and execution ability. Atlanta-based BeyondTrust and Paris-based Wallix were also recognized as leaders by Gartner.

"Some people are surprised because Arcon and Wallix are more regional companies," Kelley says. "But they've become very, very strong in their region. And they've become very strong from a technical perspective. So we felt that they belonged."

Gartner's take on the privileged access market has changed somewhat from last year, with Wallix progressing from a challenger to a leader thanks to increased innovation, more interesting things on the road map, and a better vision for approaching the market. And BeyondTrust - whose execution ability last year was head and shoulders above all leaders but CyberArk - now ranks fifth in the execution criteria.

Outside of the leaders, here's how Gartner sees the privileged access management market:

• Visionary: Saviynt;
• Niche Players: Broadcom, ManageEngine, Hitachi ID and Netwrix;
• Missing the List: Fudo Security, HashiCorp, Imprivata, Krontech, Microsoft, Remediant, Sectona, Senhasegura and Teleport, which didn't meet technical or revenue inclusion criteria.

"PAM is a fundamental, foundational security control that you just can't do without nowadays," Kelley says.

CyberArk Seeks to Improve On-Premises Experience

CyberArk has focused over the past year on extending its endpoint privilege manager product to include Linux in addition to Windows and Mac so that firms can more easily elevate users to admin privileges no matter which operating system they're using, says Barak Feldman, senior vice president of PAM and identity security. The company wants to more effectively address use cases in the cloud, SaaS and DevOps world, he says (see: CyberArk Execs: 9 Bets on What's Next in Identity Security).

With CyberArk's on-premises PAM product, Feldman says the investments have focused primarily on user experience to Improve time to value and the experience around deployment. CyberArk's maturity in the PAM market has allowed it to expand into adjacent areas such as just-in-time access and cloud entitlements while competitors are still focused on maturing and adding core features to their PAM offering, he says.

"Our foundation is so strong that we have the ability now to expand into areas like just-in-time access and cloud entitlements," Feldman tells ISMG. "Our competitors are still in the phase of getting that experience maturing. And so we're very excited about the results."

Gartner criticized CyberArk for poor ease of use and difficulty deploying the software-delivered version of the product. Feldman says CyberArk wants to make its on-premises product easier to manage and upgrade and ensure that the rich features it offers don't introduce additional complexity. Roughly two-thirds of CyberArk PAM subscriptions today are SaaS-based with the remaining one-third still on-premises.

"We definitely are putting a lot of effort to make the customer experience a lot better," Feldman says. "It's a continuous thing."

Delinea Puts Usability Front and Center

Bringing Thycotic and Centrify together has created a best of both worlds scenario thanks to Thycotic's strength in vaulting, managing, collecting and rotating credentials and Centrify's ability to define what users entering the system are allowed to access, says Delinea CEO Art Gilliland. Delinea will incorporate elevated risk scoring alongside privilege accounts when deciding which users get what level of access.

Gilliland says Delinea continues to focus on enhancing the usability of its workflows and interface given the skills shortage and level of attrition many of the company's customers are experiencing. In addition, Delinea wants to consolidate its account management capabilities and apply the principles of least privilege to both traditional super users as well as devices and nonuser-based identities, Gilliland says.

"Products that are intuitive and easy to use are just more effective because you'll use them," Gilliland tells ISMG. "We've invested a lot in upgrading the UI and making the interface a lot more usable."

Gartner criticized Delinea for lacking native agentless recording in its session management offering and lagging behind in service account and credential management for Secret Server. Gilliland says the lack of certain features reflects the strategic choice Delinea has made to focus largely on core use cases without creating custom tooling that would make the product heavier and more complicated for everyone else.

"This allows us to focus very specifically on the core use cases without dragging us down the rabbit hole of individual company integrations, which some of our competitors spend a lot of resource on," Gilliland says. "Part of our differentiation is that the technology is fast and easy to use."

One Identity Sees PAM as Part of Bigger Picture

Although PAM accounts for more than half of One Identity's deployments, customers benefit from the company's presence in the identity governance, access management and Active Directory management and security markets following last year's acquisition of OneLogin, says Larry Chinski, vice president of global IAM strategy and customer advocacy. This allows One Identity to have more than just a stand-alone PAM tool.

One Identity has differentiated its privileged access practice by putting the remediation of events in real time using behavioral biometrics front and center rather than the elevation of privileged accounts, Chinski says. Moving away from the fragmented, siloed PAM tools that exist in infrastructure-focused security postures and toward a more holistic platform featuring PAM will benefit customers, he says.

"Cybersecurity has changed in just the last couple of years," Chinski tells ISMG. "It's moved from an infrastructure-centric protection model to an identity-centric 'verify and validate' model. You're not building your security posture around infrastructure components anymore. Instead, we're building a security posture on top of the identity."

Gartner criticized One Identity for offering only rudimentary stand-alone secret management capabilities and lacking the critical SOC 2 certification for its SaaS offering. One Identity already had plans to address the product and operational deficiencies highlighted by Gartner while preparing for use case feature consolidation by tying its platform back to identity management for privileged governance.

"The-next generation PAM is about being able to integrate with IAM for web single sign-on to the PAM portals and all the benefits we get by snapping into IGA for governance and Active Directory management for zero trust," Chinski says.

BeyondTrust to Join On-Prem, Cloud on Single Console

BeyondTrust has been taking the functions used to manage privileged accounts on-premises and moving them into Amazon Web Services or Microsoft Azure to give customers a more unified understanding of their cloud environment, says CTO Marc Maiffret. The company will debut a platform late this year that will allow customers to manage on-premises, cloud and SaaS users from a single console, Maiffret says.

Maiffret wants BeyondTrust to get to the heart of the identity threat detection space through policies, compliance and controls that can lessen the impact of a breach and better understand the identities in an environment that are being compromised. BeyondTrust plans to work with third-party security operations and identity teams to Improve the detection of identities that have been compromised.

"The biggest push across the entire suite of products has really been around how we extend them to cloud service provider and SaaS environments," Maiffret tells ISMG. "It's about taking the timeless aspects of security, like least privilege, and moving that into cloud environments."

Gartner criticized BeyondTrust for low privileged session management scores and lacking support for native authentication mechanisms in its secrets management offering. Maiffret says the critique stems from Gartner not including BeyondTrust's privileged remote access product as part of the evaluation, adding that BeyondTrust's unified platform coming in late 2022 wasn't reflected in Gartner's evaluation.

"We're not too worried because we're more interested in what actually comes out at the end of the year and what we're working on," Maiffret says.

Wallix Expands From Europe to the US

Wallix entered the PAM market three years ago from a session management background to provide customers with a unified way to control access and privilege for any kind of user, says product and marketing director Edwige Brossard. The company recently made it easier to delegate and elevate privileged access so that companies can provision heightened access for a defined period of time.

Brossard says Wallix has implemented a remote SaaS service as part of its portfolio to make it easier for organizations to deploy and maintain their privileged access offering. Wallix has also invested heavily in certain vertical markets such as OT to provide manufacturers and members of the supply chain cyber expertise and better usability without compromising on protection, according to Brossard.

"We do believe that having something more unified and dealing after that with privileges as a task you have to cover is really important," Brossard tells ISMG.

Gartner criticized Wallix for lacking native features for privileged access governance and administration and offering only limited account discovery features. Brossard says Wallix needs to expand the breadth of its product offering and already had a lot of the shortcomings Gartner noted on its product road map. Wallix's push into the United States this year will make the company more visible to global customers.

"Our plan is to keep pushing what we have in the U.S. and accelerate the customer base over there while at the same time developing much more of an MSP and midmarket business in Europe, Brossard says.

Arcon Continues to Play Feature Catch-Up

The Gartner Magic Quadrant report lauds Arcon for making big strides around secrets management, CIEM, and just-in-time functionality over the past year and pricing its privileged account and session management capabilities below most of its peers. Gartner praises Arcon for giving each customer a customer success manager and making its technical account managers available for large accounts.

Gartner criticized Arcon for having a limited number of prebuilt integrations for adjacent technologies and relying on agents and client tools for the best user experience. The company lags behind its peers in gaining new customers, with Arcon's road map focusing largely on adding new features that already exist in competitor products. Arcon didn't respond to an ISMG request for comment.

"A big thank you to our global partners and customers as well," Arcon writes in a blog post. "Your unwavering support keeps Arcon motivated as it continues to challenge every boundary."

Zero Trust is a hot course in cybersecurity. It is also one of those concepts that mean different things to different organizations and has a wide variety of interpretations and implementations. Regardless of how you approach zero trust, though, Privileged Access Management (PAM) plays an essential role.

Improving Cybersecurity

Organizations have been implementing zero trust principles for a while now, but it has gained mainstream momentum over the past few years. The COVID pandemic forced a dramatic shift to remote work, which comes with some additional security challenges. Having employees connect to company resources and data from personal computers and mobile devices across the public internet expands the attack surface significantly and creates opportunities that threat actors can take advantage of.

There has also been a spike in ransomware activity, and an escalation of geopolitical tension—particularly between the United States and Russia. The Biden Administration has taken a number of steps to Improve the nation’s cybersecurity defenses—especially for government agencies and critical infrastructure. In March of this year, President Biden issued an Executive Order that specifically directs federal civilian agencies to establish plans for Zero Trust Architecture.

Zero Trust

That still leaves the question of “What is ‘Zero Trust’ and how do you implement it?”

It has been over a decade since John Kindervag coined the term “Zero Trust” while he was an analyst at Forrester. Kindervag realized that risk exists both inside and outside the network, and that inherent trust of any individual or device is bad for security. It takes the phrase “trust, but verify” popularized by President Ronald Reagan, and flips it around to “never trust, always verify.”

There is more than one way to arrive at that goal. The principles and practices can vary, but at its core Zero Trust is built on PAM. It is essentially an evolution of the principle of Least Privileged Access—the idea that accounts should be granted the minimum level of access necessary to perform the required task.

Traditionally, once account credentials were Tested the individual, application, or system was granted free reign within the bounds of access privileges assigned to those credentials. Zero Trust takes a more cynical view and continues to verify the authenticity and access for accounts on a task-by-task basis—and PAM is the engine that keeps it moving.

The Importance of Identity Protection

What Kindervag recognized very early is that—at the point of attack—almost every attack leverages valid credentials. The idea that security should focus on external threats while inherently trusting employees and devices inside the network is severely flawed when threat actors can hijack accounts and systems and leverage valid credentials. Zero Trust addresses this issue with a focus on identity protection and PAM.

CyberArk hosted its Impact 2022 event in Boston this month. The company made a number of significant product announcements aimed at improving identity security. They announced Secrets Hub for AWS Secrets Manager, Identity Flows, Identity Compliance, and Secure Cloud Access.

What stood out for me, though, was the conversation between Robert Herjavec, “Shark Tank” investor and CEO of Cyderes, and Udi Mokady, founder, Chairman, and CEO of CyberArk, during a Fireside Chat session.

“I talk a lot about the proliferation of identity. Customers are running fast and they’re creating what we call cyber debt,” noted Mokady. He stressed that this is an issue organizations must address—especially identity cyber debt—and asked Herjavec for his thoughts.

“What we’ve always been saying to customers is before you build the habits, build the foundation,” explained Herjavec. He added, “I would say I wish people would stop for a second at the identity bucket, and not just see it as a checkbox. Let’s spend more time around architecture and what’s coming and how this is going to affect users.”

Herjavec pointed out that there is generally a rush to build out features while security lags behind, but that it is much easier to engineer properly from the beginning rather than trying to go back and fix it after the fact.

Privileged Access Management

The root of identity security is effective Privileged Access Management.

Gartner recently released its latest Magic Quadrant for Privileged Access Management. PAM is a relatively mature market—with more than half of the companies included by Gartner falling into the quadrant at the upper right. ARCON, BeyondTrust, CyberArk, Delinea, One Identity, and Wallix are all Leaders in the market according to Gartner, with CyberArk positioned as the highest both for its ability to execute, and for its completeness of vision.

The report explains, “A privileged access management (PAM) tool is used to mitigate the risk of privileged access. In other words, accounts, credentials and operations that offer an elevated (or “privileged”) level of access.”

According to Gartner, a PAM solution should include these core capabilities:

• Discovery of privileged accounts across multiple systems, infrastructure and applications
• Credential management for privileged accounts
• Credential vaulting and control of access to privileged accounts
• Session establishment, management, monitoring and recording for interactive privileged access

There is more to Zero Trust than just PAM. But, when you combine these core capabilities with the principle of “never trust, always verify,” the result is stronger identity protection that makes you more secure and puts you solidly on the path to Zero Trust.

CyberArk Named a Leader in 2022 Gartner Magic Quadrant for Privileged Access Management

CyberArk (NASDAQ: CYBR), the global leader in Identity Security, today announced it was named a Leader in the 2022 Gartner® Magic Quadrant™ for Privileged Access Management1. The company was positioned both highest in ability to execute and furthest in completeness of vision for the fourth time in a row.

According to the report, “While core PAM [privileged access management] products continue to be important security tools, shifting demand in the market has brought new emphasis on the cloud, from SaaS delivery of PAM tools, to expanding the functionality for cloud security in PAM tools, including secrets management and CIEM [cloud infrastructure entitlement management].”

Built for the dynamic enterprise, the CyberArk Identity Security Platform enables secure access for any identity from anywhere and to the widest range of resources or environments. Centered on intelligent privilege controls, the Platform addresses the broadest range of Identity Security requirements, all from a single admin portal with unified audit and continuous threat detection and response.

Helping customers enable Zero Trust by enforcing least privilege, CyberArk continues to innovate across its self-hosted solutions and expanding SaaS portfolio of privileged access management, endpoint privilege security, secrets management and cloud privilege security offerings. Last week, CyberArk announced new Identity Security offerings that address customer needs to secure an expanding range of identities that require privileged access, privileged elevation and access to a wide array of secrets. The announcements include CyberArk Secrets Hub, CyberArk Secure Cloud Access and Identity Security Intelligence, one of the Platform’s foundational shared services.

“Privileged access management must be at the core of Identity Security strategies in order for organizations to effectively drive down cybersecurity debt and securely and efficiently advance their digital business initiatives,” said Barak Feldman, senior vice president, CyberArk. “We’ve built a tremendous foundation of trust with over 7,500 global enterprise customers that rely on CyberArk as a long-term partner. The world’s leading organizations leverage our expanded privileged access management solutions as part of our Identity Security Platform to protect a growing number of human and machine identities across hybrid and multi-cloud environments. We are proud of our ability to consistently provide customers and partners with the support, training and flexible purchase and implementation models they require to be successful, and more secure.”

Additionally, CyberArk recently unveiled Privileged Access Manager Self-Hosted version 12.6 with credential management, session management and threat analytics enhancements and CyberArk Endpoint Privilege Manager for Linux.

To download a complimentary copy of the 2022 Gartner Magic Quadrant for Privileged Access Management visit: https://www.cyberark.com/gartner-2022-mq-pam

1 – Gartner® Magic Quadrant™ for Privileged Access Management, by Michael Kelley, James Hoover, Felix Gaehtgens, Abhyuday Data, 19 July 2022

Gartner Disclaimers
Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

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.

About CyberArk
CyberArk (NASDAQ: CYBR) is the global leader in Identity Security. Centered on privileged access management, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud workloads and throughout the DevOps lifecycle. The world’s leading organizations trust CyberArk to help secure their most critical assets. To learn more about CyberArk, visit https://www.cyberark.com, read the CyberArk blogs or follow on Twitter via @CyberArk, LinkedIn or Facebook.

Copyright © 2022 CyberArk Software. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.

Media Contacts:
Carissa Ryan, CyberArk
Email: press@cyberark.com

Highwire PR
Email: cyberark@highwirepr.com

Investor Relations:
Erica Smith, CyberArk
Email: ir@cyberark.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220721006101/en/

CyberArk Software Ltd. (CYBR) is priced at $128.97 after the most latest trading session. At the very opening of the session, the stock price was $132.58 and reached a high price of $132.74, prior to closing the session it reached the value of $131.13. The stock touched a low price of $125.54.Recently in News on July 22, 2022, CyberArk Named a Leader in 2022 Gartner Magic Quadrant for Privileged Access Management. CyberArk (NASDAQ: CYBR), the global leader in Identity Security, today announced it was named a Leader in the 2022 Gartner® Magic Quadrant™ for Privileged Access Management1. The company was positioned both highest in ability to execute and furthest in completeness of vision for the fourth time in a row. You can read further details here

CyberArk Software Ltd. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $180.01 on 04/21/22, with the lowest value was $100.35 for the same time period, recorded on 05/12/22.

CyberArk Software Ltd. (CYBR) full year performance was -9.39%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, CyberArk Software Ltd. shares are logging -36.05% during the 52-week period from high price, and 28.52% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $100.35 and $201.68.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 616460 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the CyberArk Software Ltd. (CYBR) recorded performance in the market was -25.57%, having the revenues showcasing -18.74% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.38B, as it employees total of 2140 workers.

Market experts do have their say about CyberArk Software Ltd. (CYBR)

During the last month, 0 analysts gave the CyberArk Software Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 145.58, with a change in the price was noted -36.69. In a similar fashion, CyberArk Software Ltd. posted a movement of -22.15% for the period of last 100 days, recording 401,501 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CYBR is recording 0.85 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.85.

Technical breakdown of CyberArk Software Ltd. (CYBR)

Raw Stochastic average of CyberArk Software Ltd. in the period of last 50 days is set at 41.42%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 26.81%. In the last 20 days, the company’s Stochastic %K was 43.00% and its Stochastic %D was recorded 60.76%.

Bearing in mind the latest performance of CyberArk Software Ltd., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -25.57%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -1.06%, alongside a downfall of -9.39% for the period of the last 12 months. The shares increased approximately by -8.21% in the 7-day charts and went down by -6.22% in the period of the last 30 days. Common stock shares were lifted by -18.74% during last recorded quarter.

Identity Security Centered on Intelligent Privilege Controls Offers Customers a Modern Way to Secure All Identities and Assets, Anywhere

CyberArk Impact 2022 – CyberArk (NASDAQ: CYBR), the global leader in Identity Security, is making several announcements today at the CyberArk Impact 2022 event that put cybersecurity innovation at the epicenter of identity protection. Continuing to define and lead the Identity Security market, only CyberArk can deliver comprehensive advancements in key areas that help customers enable Zero Trust, such as privileged access management, identity management, cloud privilege security and secrets management, to provide organizations the confidence they need to accelerate business transformation with less risk.

Organizations continue to play a difficult balancing game. They must manage down cybersecurity debt brought on by rapid moves to the cloud and SaaS adoption, which create a surge in identities, while bolstering defenses to brace for coming waves of attacker sophistication and new, unrelenting attack volume – often in the form of ransomware and the exploitation of software supply chain weaknesses. Today, for every human identity there are 45 machine identities and over half of an organization’s workforce has access to sensitive corporate data. These human and machine identities represent an expanded attack surface that adds pressure to mounting cybersecurity insurance and compliance requirements.

These challenges call for advanced Identity Security solutions architected for the evolving threat landscape with the ability to enforce least privilege. Centered on intelligent privilege controls, Identity Security seamlessly secures access for all identities, and flexibly automates the identity lifecycle, with continuous threat detection and protection – all with a unified approach.

“Two years ago at our CyberArk Impact event, we put a stake in the ground – detailing our vision and strategy for Identity Security. Since then, we’ve made great progress in realizing this vision. We have firmly established the category and consistently executed on our roadmap – raising the bar for innovation with a comprehensive Identity Security platform,” said Udi Mokady, founder, chairman and CEO, CyberArk. “Identity Security is now the standard for managing growth and reducing risk without compromise, and CyberArk is the leader. Our approach to Identity Security, centered on intelligent privilege controls, means customers can confidently drive greater cyber resilience built on Zero Trust.”

Advancing Business Critical Identity Security

Built for the dynamic enterprise, the CyberArk Identity Security Platform enables secure access for any identity, human or machine, to any resource or environment from anywhere using any device. In addition to continued innovation across its self-hosted solutions and expanding SaaS portfolio of privileged access management, workforce and customer access, and endpoint privilege security offerings, CyberArk announced key advancements in these core areas:

Identity Management

• CyberArk Identity Flows automates identity management tasks through no-code / low-code app integrations and workflows for identity data, processes and events. With Identity Flows, users can take actions and make decisions from a single location, improving productivity and user experience. Identity Flows is built on technology from the acquisition of Aapi.io. CyberArk acquired Aapi.io in March 2022 to bolster Identity Lifecycle Management capabilities and broaden Identity Automation and Orchestration capabilities across its Identity Security Platform.
• CyberArk Identity Compliance makes it easier for organizations to enforce and demonstrate compliance by automating the access provisioning lifecycle, streamlining access certifications and providing comprehensive identity analytics. Leveraging leading identity lifecycle and privilege entitlements management features, the Identity Compliance solution can help organizations strengthen their security posture, enforce least privilege and comply with a growing number of regulatory requirements.​

Cloud Privilege Security

• CyberArk Secure Cloud Access provisions Just-in-Time, least privilege access to cloud consoles, command lines and services, helping implement Zero Trust initiatives by reducing the risk of compromised privileged sessions for DevOps and cloud operations teams. With Secure Cloud Access, privileged sessions are provisioned with only the required permissions for the task at hand, protected from browser hijacking, and recorded to help satisfy audit and compliance. Only CyberArk helps secure both standing and Just-in-Time access across hybrid and multi-cloud environments, enabling secure digital transformation initiatives.

Secrets Management

• CyberArk Secrets Hub makes it easier for developers in hybrid environments to consume secrets on Amazon Web Services (AWS) using AWS Secrets Manager, while security managers retain centralized control and the ability to enforce unified policies over secrets using existing processes and infrastructure (see “CyberArk Launches Secrets Hub for AWS Secrets Manager” for more details).

“The continued strong adoption of the CyberArk Identity Security platform and enthusiasm from customers and partners has been tremendous. The new offerings we announced today are for all those organizations that understand that protecting identities is not only good for business, it also needs to be priority #1 when it comes to cybersecurity,” said Chen Bitan, chief product officer at CyberArk.

The CyberArk platform is based on a set of foundational shared services including Identity Security Intelligence. This new Identity Security Intelligence service provides continuous identity threat detection and prevention by automatically detecting anomalous user behavior and privileged access misuse for both workforce and privileged users. Additional shared services enabling operational efficiencies include a single Admin Portal with an improved user experience, Identity Administration, which provides unified Authentication and Authorization, and Unified Audit that will centrally collect audit data for both workforce and privileged user sessions.

“Today’s announcements from CyberArk reflect the growing need many organizations face – the need to double down on security-first identity protection to protect the known – and unknown – identities that exist across hybrid IT environments,” said Jack Poller, senior analyst, Enterprise Strategy Group. “By clearly defining the Identity Security category and focusing on protecting identities where they matter most – from the cloud and development environments to the desktop – we believe CyberArk is truly delivering value where their customers need it most.”

These latest CyberArk Identity Security Platform advancements will be available by the end of 2022.

About CyberArk

CyberArk (NASDAQ: CYBR) is the global leader in Identity Security. Centered on privileged access management, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud workloads and throughout the DevOps lifecycle. The world’s leading organizations trust CyberArk to help secure their most critical assets. To learn more about CyberArk, visit https://www.cyberark.com, read the CyberArk blogs or follow on Twitter via @CyberArk, LinkedIn or Facebook.

Copyright © 2022 CyberArk Software. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220713005105/en/

Pittsburgh, PA. (Aug. 5, 2022) — Intelligent power management company Eaton announced a cybersecurity collaboration with global leader in identity security CyberArk to enhance protection of utility transmission and distribution devices and networks. The collaboration leverages Eaton’s grid automation expertise and industry-leading approach to cybersecurity with CyberArk’s Identity Security solutions to help utilities simplify a critical element of cybersecurity compliance for modern grid automation systems.

“Today’s utility infrastructure is more connected than ever before, which provides unprecedented grid flexibility and stability alongside significant cybersecurity risk,” said Eric Lebeau, product line manager for Eaton. “By working with CyberArk, we are uniquely able to help utilities unify cybersecurity monitoring and management of both OT and IT devices – regardless of manufacturer – to secure the grid and streamline industry compliance.”

The ongoing decentralization and digitalization of power makes it essential for utilities to safeguard connected devices and data against the rising threat of cyberattack. By integrating CyberArk’s capabilities into its IED Manager Suite (IMS), Eaton is enabling utilities to automate the complex task of manually verifying, managing and rotating network access passwords for intelligent electronic devices (IEDs) used in grid automation systems. The CyberArk integration within Eaton’s IMS software also allows utilities to retrieve credentials easily and securely for scans and firmware updates.

“Critical infrastructure continues to be vulnerable to cyber attackers seeking to disrupt operations or cause harm,” said Clarence Hinton, chief strategy officer and head of corporate development, CyberArk. “We believe this integration with Eaton will provide joint customers with greater control and protection of those credentials used to access sensitive systems, especially those credentials that have privileged access. We look forward to continuing to expand our collaboration and work together with Eaton to help drive down risk and exposure to cybersecurity threats.”

Eaton’s IMS software helps utilities manage configuration settings, passwords and firmware for IEDs from a wide range of manufacturers used in grid automation systems. It reduces maintenance costs through secure remote access and helps comply with North American Electric Reliability Corporation (NERC) critical infrastructure protection (CIP) requirements.