IDC MarketScape Names CyberArk a Leader in the Privileged Access Management Market

New Delhi, India, March 19, 2015: CyberArk, the company that protects organisations from cyber attacks that have made their way inside the network perimeter, today announced that it was named a leader in the IDC MarketScape: Worldwide Privileged Access Management 2014 Vendor Assessment (doc #253303, December 2014).

The IDC MarketScape assesses vendors offering products in the privileged access management (PAM) market and notes that, “CyberArk is the PAM pure-play “big gorilla” with the most revenue and largest customer base.”

The compromise and misuse of privileged accounts is a key signature in advanced, targeted cyber attacks. As demonstrated in recent, devastating attacks on businesses, cyber attackers steal and exploit privileged accounts to conduct a hostile takeover of a company’s entire infrastructure. By exploiting privileged access, attackers can conduct internal reconnaissance, move laterally throughout a network without detection and complete the goals of the attack. The IDC MarketScape recognises the critical need of securing privileged accounts and provides businesses with recommendations for evaluating vendors.

“Attackers typically exploit privileged credentials to accomplish their goals, which is why privileged access management is a crucial aspect of securing the enterprise,” said Pete Lindstrom, research director, Security Products at IDC. “CyberArk has established itself as a privileged access management leader through its breadth of capabilities and commitment to innovation as evidenced by solid revenue numbers and growing customer base.”

The IDC MarketScape report highlights the key functionality businesses should consider when selecting a privileged access management provider, including the ability to:

·        Manage access to shared accounts with sensitive privileges: This includes tracking any shared account usage by controlling password access and logging user activity for anomalous behaviour.
·        Remove Windows local administrative functionality: By removing the local administrator privilege from the user account and providing flexibility and functionality for a user’s particular needs, IT can better support individual job needs while protecting against today’s malware threats that target these admin accounts.
·        Enhance visibility of sensitive account activity: Third-party accounts are often shared intentionally or unintentionally among users outside an organisation, making them extremely difficult to monitor. With proper PAM solutions in place, visibility into account activity can be elevated beyond basic capabilities for a full view of the network.
·        Restrict privileges for separation of duties: To minimise the potential for a single user to compromise the system, organisations should implement solutions that provide separation of duties and therefore force the need for collaboration among attackers to compromise a system.
·        Manage embedded application and service accounts: Distributed architectures often require some way to establish a presence on a set of resources and embedding static accounts and passwords has been a very common solution. Organisations must manage, protect and secure these accounts, as they pose a significant security risk.

“Protecting against today’s aggressive cyber attacks requires a fundamental shift in security mentality. CIOs and CSOs who are serious about security will build defences based on the premise that the attackers are already – or will soon be – on the inside of the organisation,” said John Worrall, CMO, CyberArk. “By locking down privileged accounts, businesses can prevent attackers from moving freely in the enterprise and stop advanced attacks early in the attack cycle.”

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