Everybody will agree with the fact that cybersecurity is the need of the hour in the organizations because cyber threats are constantly creating havoc thereby causing huge losses. The need for cybersecurity is even more in the case of privileged accounts. The reason being most of the advanced cyber-attacks target the privileged accounts. However, given their limited infrastructure and untrained staff, most of the organizations are not in a position to protect their privileged accounts. Many companies even don’t have a cyber-security readiness plan to secure their credentials, privileged accounts, and secrets, etc.
CyberArk is a security tool, which has a strong capability to meet the cybersecurity needs of the organizations. With CyberArk, the organizations don’t need to have any extra infrastructure resources or management. Instead, the CyberArk tool provides organizations with the ability to secure their privileged accounts and credentials in a highly efficient manner.
CyberArk is predominantly a security tool used for the security of privileged accounts through password management. It protects the privileged accounts in the organizations by way of maintaining the passwords automatically. Using the CyberArk tool, you can store and maintain data by rotating the credentials of all the important accounts so that you can defend the malware and hacking threats efficiently. Being a highly protective tool, CyberArk is used in industries such as energy, healthcare, financial services, and retail, etc. The reputation of CyberArk is such that it has been used by around 50% of the Fortune 500 companies across the world.
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An account, which can be said a privileged account is the one, which has access to information such as social security numbers, credit card numbers, and PHI information, etc. However, from a broader perspective, the definition of a privileged account depends on the type of privileged data in the organizations. Some of the privileged accounts in organizations include local admin accounts, privileged user accounts, domain admin accounts, emergency accounts, service accounts, and application accounts, etc.
CyberArk is an Israel company having its headquarters located at Petah, In Israel. Its USA headquarters is located in Newton and it also has a presence in EMEA, Asia Pacific, and Japan. It was founded in 1999 by Udi Mokady, an alumnus of Boston University’s Metropolitan College.
Since its inception, the company has focused on helping organizations in protecting them from cyber-attacks and now it is one of the most reputed cybersecurity companies in the world. From being a start-up, Cyber-Ark rose to the level of a public limited company and listed in the NASDAQ stock market.
In the last six years, it has gone on an expansion spree acquiring companies such as Viewfinity, Conjur Inc, and Vaultive. Among these companies, Viewfinity and Conjur Inc are Massachusetts-based having interests in privilege management and application control software and cloud services, respectively. CyberArk has revenue of $343 million as of 2018 and a head strength of 1,380 as of Q4 2019.
If we look at which companies using CyberArk the most, the computer software industry tops the list and the least is human resources. Here is the complete list of industries that use the CyberArk tool.
Being a leader in the cybersecurity solutions, CyberArk provides immense benefits to the organizations. Some of these benefits include the following:
Apart from the above, some of the other benefits of CyberArk includes - management and protection of all privileged accounts and SSH Keys, controlling access to privileged accounts, initiating and monitoring privileged sessions, managing application and service credentials, enabling compliance with audit and regulatory requirements, and seamless integration with enterprise systems, etc.
At the heart, CyberArk Privileged Access Security solution contains multiple layers providing highly secured solutions for storing and sharing passwords in the organizations. These layers include - Firewall, VPN, Authentication, Access control, and Encryption, etc.
The architecture consists of the following major elements:
The following are the components of CyberArk:
Digital Vault: The Digital Vault is the most secure place in the network where you can store your confidential data. Since the pre-configured, it is readily usable.
The implementation of CyberArk can be done in a phased manner. Some of the suggested phases include Business and security requirements analysis, Scope definition, Solution launch and execution, Risk mitigation plan, and Companywide execution. The following gives a brief insight into these phases:
Ravindra Savaram is a Content Lead at Mindmajix.com. His passion lies in writing articles on the most popular IT platforms including Machine learning, DevOps, Data Science, Artificial Intelligence, RPA, Deep Learning, and so on. You can stay up to date on all these technologies by following him on LinkedIn and Twitter.