CyberArk Software: Privileged Access. Tailored for You

Udi Mokady

Founder, Chairman & CEO

“What makes the company stand out is a security-first approach with productivity-first performance.”

Compromised passwords have been attributed to 3rd-party data breaches for years. Even today, credentials remain one of the most sought-after pieces of information for hackers, and it’s still proving to be effective in their attack efforts. Research reports states that more than 80% of security breaches are due to compromised privilege credentials. In a nutshell, privilege credentials open a lot of doors. When the keys to those doors are mismanaged, a hacker has the potential to access a huge set of information. Securing these doors is CyberArk Software, a company that offers solutions to address a wide range of use cases to secure privileged credentials and secrets wherever they exist: on-premises, in the cloud, and anywhere in between. With CyberArk, businesses can isolate and stop privilege attacks before they can do harm. Udi Mokady is the Founder, Chairman and CEO of CyberArk. Based on his strategic vision and deep cybersecurity experience, Mokady has established CyberArk as the global leader in Identity Security.

As the established leader, CyberArk offers the most complete Identity Security Platform to secure all identities from end-to-end. According to the company, preventing malicious account or credential access starts with sound privileged access management to keep a business and its most valuable assets secure. The CyberArk advanced solution automatically discover, and onboard privileged credentials and secrets used by human and non-human identities. The solution’s cutting-edge centralized policy management allows administrators to set policies for password complexity, frequency of password rotations, which users may access which safes, and more. Furthermore, its automated password rotation helps strengthen security while eliminating time-intensive, manual processes for the IT teams.

A Privilege-Centric Approach to Securing Identities

Without a true perimeter to defend, cyber breaches are inevitable. But damage isn’t. Companies that take a privilege-centric approach to securing identities with CyberArk are in a better position to protect themselves from wide range of attacks. That’s why more than 50% of the Fortune 500 trust CyberArk to isolate threats and protect their most critical assets and resources. CyberArk helps businesses to maintain compliance with recorded key events and tamper-resistant audits. It enables businesses to establish secure, isolated remote sessions and record all activity during that session. This way, end users never directly connect to target systems, reducing the risk of malware. Session recordings are securely and centrally stored to make it easy for security, audit and compliance to increase accountability and compliance.

Another offering from the company is CyberArk Endpoint Privilege Manager that provides holistic endpoint protection to secure all endpoints and enforce least privilege without disrupting business. The company’s advanced Endpoint Privilege Manager adjusts in real time to give users on-demand local admin access whenever they need it.

CyberArk also offers a broad range of secondary authentication methods with CyberArk Adaptive Multi-Factor Authentication to secure access to an entire organization including Apps, VPNs, Workstations, Mac and Windows Endpoints, Virtual Desktops and RADIUS servers. Its adaptive MFA supports a comprehensive range of authentication methods to make it easy for users, customers, and partners to securely access applications and data. Furthermore, the platform analyze access requests against historical patterns, assign risk to each login attempt, and create access policies triggered by anomalous behavior. The CyberArk Endpoint MFA significantly reduces the risk of attacks that leverage compromised credentials to access corporate applications and data from end-user devices. With several security measures, the solution also offers seamless administration. Thanks to its advanced features to help administrators streamline secondary authentication controls and enhance the end-user experience. Administers can also utilize its features to help streamline secondary authentication controls and enhance the end-user experience.

The Blend of Security and Performance

What makes the company stand out is a security-first approach with productivity-first performance. CyberArk has made it easier to focus on what’s ahead, when it comes to access management and security. With unified access management across all identities, administrators can consolidate key security technologies, simplify policy enforcement – and even delight end users. As a result, it enables simplified, secure employee, contractor, and partner access to every application on any device.

Of all the information that might tempt malicious attacks, personal healthcare records probably rank near the top of the list. The number of attacks on public organizations, especially in healthcare, continues to increase, as does the financial cost and disruption to operations. Should any such data be compromised, the implications including impact on individuals, financial loss and reputational damage to an organization are significant. That is why this healthcare organization devotes considerable time, effort and expertise to ensure its data is secure.

An instance that highlights CyberArk’s role in securing personal healthcare records is when CyberArk assisted a leading US Healthcare Organization to protect its endpoints against advanced attacks. The entity is both a healthcare provider and education institution, with patients accessing a wide variety of services via primary and specialty care offices in multiple locations. Although there had always been rigor around managing privileged access, one particularly pressing issue the entity faced was the growing number of users granted elevated access rights beyond those required to just perform their current roles. Some longer-tenured staff members even had administrative rights to multiple machines spread throughout the environment. In a phased approach, CyberArk Endpoint Privilege Manager was deployed to administration workstations and laptops and in clinical areas where there are shared workstations such as computers in exam rooms and nursing stations. CyberArk professional services expedited the rollout. Privileged access management represented the first deployment phase across numerous endpoints, as these encompass the organization’s largest attack surface. This way the client could seamlessly deal with their growing threat phase without compromising their smooth operation.

A Comprehensive Approach to Identity Security

Under the leadership of Mokady, with a strategy centered on privileged access management, a market he helped create in 1999 as the company’s co-founder, Mokady continues to spur the delivery of innovative solutions that improve the security of CyberArk customers. During his tenure at CyberArk, Mokady has also served as CyberArk’s chief strategist and visionary, overseeing global expansion, management, execution and corporate development. Mokady previously served as CyberArk’s Chief Operating Officer. “I truly believe the CyberArk leadership team has a special chemistry that can’t be manufactured or reproduced. While we come from different backgrounds and various personal and professional experiences, we have a shared commitment to consistently execute on our Identity Security vision and improve the security of our customers,” points Mokady.

Mokady’s leadership and direction have been instrumental in guiding CyberArk to achieve record growth, while accelerating overall market adoption of solutions to protect against an evolving threat landscape. Mokady helped CyberArk become one of the most successful tech IPOs of 2014 and was elected Chairman of the Board in 2016. Today, the company is progressing with a vision to provide one of the most comprehensive approach to Identity Security centered on privileged access management to protect against advanced cyber threats. In the long run, the team is also planning to expand geographically and with acquisitions.

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