CyberArk Elevates Passwordless Experience with New Passkeys Authentication

Rhea-AI Summary

CyberArk (CYBR) introduces passkeys for passwordless authentication, providing strong protection against identity theft and account takeover. The addition of passkeys reduces the attack surface and minimizes credential theft, offering phishing-resistant, FIDO2-compliant credentials. CyberArk Identity also supports YubiKey One Time Passcode (OTP) for secure authentication to any application protected by CyberArk Identity. CyberArk was named an Overall Leader in the KuppingerCole Analysts AG 'Leadership Compass: Passwordless Authentication' report.

Positive

• CyberArk introduces passkeys for passwordless authentication, providing strong protection against identity theft and account takeover.
• The addition of passkeys reduces the attack surface and minimizes credential theft, offering phishing-resistant, FIDO2-compliant credentials.
• CyberArk Identity also supports YubiKey One Time Passcode (OTP) for secure authentication to any application protected by CyberArk Identity.
• CyberArk was named an Overall Leader in the KuppingerCole Analysts AG 'Leadership Compass: Passwordless Authentication' report.

Negative

• None.

With the Addition of New Passwordless Authentication Options, CyberArk Furthers Its Commitment to Helping Customers Reduce Credential Theft and Improve Productivity

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)-- CyberArk (NASDAQ: CYBR), the identity security company, today announced it has expanded passwordless authentication capabilities with new passkeys support. Now, CyberArk Identity customers can accelerate passwordless adoption and reduce cybersecurity risk by enabling the use of passkeys to easily access apps and websites using strong authentication methods like biometrics.

Stealing or abusing credentials to compromise identities is how most breaches begin. Passkeys extend a passwordless strategy to reduce the attack surface and minimize credential theft. The addition of passkeys provides CyberArk Identity customers with phishing-resistant, FIDO2-compliant credentials that replace passwords, providing the strongest level of protection against identity theft and account takeover and is a NIST Authentical Assurance Level (AAL3) authentication method. Additionally, passkeys work across user devices, and even work on those within physical proximity, improving user experiences by simplifying and speeding up authentication flows.

CyberArk Identity delivers a set of SaaS solutions designed to simplify enterprise identity and access management while providing a high level of security. Part of the CyberArk Identity Security Platform, CyberArk Identity helps today’s businesses overcome user authentication, authorization and identity management challenges accompanying business transformation initiatives. With the CyberArk platform, organizations can enable Zero Trust and least privilege with complete visibility, enabling every identity to access any resource more securely, located anywhere, from everywhere – and with intelligent privilege controls.

CyberArk Identity also provides support for YubiKey One Time Passcode (OTP). YubiKey is a widely used physical authentication device that complies with NIST 800-63B guidelines regarding Authentication Assurance Level 2 (AAL2). With the OTP generated by their YubiKey, users can securely authenticate to any application protected by CyberArk Identity.

“Passwords are the weakest link in the security chain, and they are often the root cause of data breaches and cyberattacks. By introducing passkeys for passwordless authentication, we are further enabling our customers to eliminate passwords from their authentication workflows,” said Gil Rapaport, general manager, Access, CyberArk. “CyberArk is committed to delivering the most comprehensive and innovative identity security solutions on the market. By extending passwordless authentication options, not only are we helping to eliminate password-based risk for our customers, but we are also improving productivity and the overall user experience.”

CyberArk was named an Overall Leader in the KuppingerCole Analysts AG “Leadership Compass: Passwordless Authentication”¹ report. CyberArk was highlighted as a “comprehensive, feature-rich and modern passwordless solution.” According to the report, CyberArk Identity stood out for advantages such as providing a solution for securing remote access and BYOD scenarios, flexible deployments, integration with CyberArk privileged access management solutions, strong partner ecosystem and proven scalability.

Passwordless authentication with passkeys is available now as part of the CyberArk Identity 23.11 release.

Additional Resources

• On-Demand Webinar: Going Passwordless for Enterprises Key Considerations for Success

1 - KuppingerCole Analysts AG, "Leadership Compass: Passwordless Authentication," October 4, 2022 by Alejandro Leal

About CyberArk

CyberArk (NASDAQ: CYBR) is the global leader in identity security. Centered on intelligent privilege controls, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud environments 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 LinkedIn, X, Facebook or YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231121808245/en/

press@cyberark.com

Source: CyberArk

FAQ

What new authentication options has CyberArk introduced?

CyberArk has introduced passkeys for passwordless authentication, providing strong protection against identity theft and account takeover.

What is the purpose of passkeys in CyberArk Identity?

The addition of passkeys reduces the attack surface and minimizes credential theft, offering phishing-resistant, FIDO2-compliant credentials.

What other authentication method does CyberArk Identity support?

CyberArk Identity also supports YubiKey One Time Passcode (OTP) for secure authentication to any application protected by CyberArk Identity.

What recognition did CyberArk receive for its passwordless solution?

CyberArk was named an Overall Leader in the KuppingerCole Analysts AG 'Leadership Compass: Passwordless Authentication' report.