CyberArk Expands SOC 2 Type 2 Certification Across Identity Security Platform

Rhea-AI Summary

CyberArk (NASDAQ: CYBR) has achieved SOC 2 Type 2 certification across its SaaS portfolio, becoming the first Identity Security provider to do so for privileged access management and other key areas. This certification confirms that CyberArk's infrastructure, software, and processes meet stringent security and compliance standards, enhancing trust with its customers. The examination was conducted by A-LIGN ASSURANCE, an independent firm, ensuring that CyberArk's offerings, including Cloud Entitlements Manager and Endpoint Privilege Manager, meet the highest levels of security.

Positive

• Achieved SOC 2 Type 2 certification, enhancing security and compliance credibility.
• First Identity Security provider to offer SOC 2 Type 2-certified SaaS solutions, highlighting industry leadership.
• Certification covers multiple offerings, including Cloud Entitlements Manager and Endpoint Privilege Manager, expanding market relevance.

Negative

• None.

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)-- CyberArk (NASDAQ: CYBR), the global leader in Identity Security, today announced it achieved SOC 2 Type 2 certification that spans the CyberArk SaaS portfolio.

With the completed examination, CyberArk becomes the first Identity Security provider offering SOC 2 Type 2-certified SaaS solutions for privileged access management (PAM), endpoint privilege management, remote vendor access, Identity and Access Management, and cloud infrastructure entitlements management.

The CyberArk Identity Security Platform enforces least privilege and enables secure access across any device, anywhere, at just the right time. Built on a foundation of Privileged Access Management and powered by Artificial Intelligence-based behavior and risk analytics, the CyberArk Identity Security Platform helps organizations secure access to critical business data and infrastructure, protect a distributed workforce and accelerate business in the cloud.

As a result of the successful SOC 2 Type 2 examination, the following CyberArk offerings have achieved compliance, including:

• CyberArk Cloud Entitlements Manager: The most recent offering to achieve this certification, Cloud Entitlements Manager enforces least privilege by identifying and removing excessive permissions across the enterprise cloud footprint that can leave organizations vulnerable – significantly reducing risk and improving overall visibility and security.
• CyberArk Identity: Enables single sign-on (SSO), adaptive multi-factor authentication and lifecycle management, providing simple and secure access to resources for the workforce and customers.
• CyberArk Endpoint Privilege Manager: Strengthens organizational security by managing local admin access and enforcing least privilege, while simultaneously mitigating risk by protecting against credential theft and ransomware.
• CyberArk Privilege Cloud: Delivers Privileged Access Management-as-Service, enabling organizations to continuously discover and manage privileged credentials across the enterprise, while isolating and monitoring privileged sessions, preventing the spread of malware and satisfying audit and compliance requirements.
• CyberArk Remote Access: Provides secure remote access to critical business resources by combining Zero Trust access, just-in-time provisioning for external vendors and biometric multi-factor authentication. Remote Access reduces operational overhead and makes it easier and quicker to strengthen organizational security.

“CyberArk is committed to driving innovation across our platform and ensuring our offerings meet the highest levels of security and compliance,” said Chen Bitan, chief product officer, CyberArk. “By continuously testing and validating our products against the most rigorous industry standards, we reinforce trust with our customers who depend on CyberArk to improve the security of their IT environments, including their supply chains.”

The SOC 2 report provides assurance that service commitments and system requirements pertaining to common criteria controls, as well as confidentiality and availability criteria are met. Completion of the SOC 2 Type 2 examination indicates that selected CyberArk infrastructure, software, people, data, processes and procedures have been formally reviewed.

The SOC 2 examination was conducted by A-LIGN ASSURANCE (“A-LIGN”), an independent auditing firm, in accordance with the American Institute of Certified Public Accountants (AICPA).

To learn about CyberArk’s commitment to our customers, please visit the CyberArk Trust Center, containing information about the company's security, reliability, privacy and compliance policies.

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/20220407005169/en/

Media Contacts:

Liz Campbell, CyberArk

Email: press@cyberark.com

Highwire PR

Email: cyberark@highwirepr.com

Investor Relations:

Erica Smith, CyberArk

Email: ir@cyberark.com

Source: CyberArk

FAQ

What is CyberArk's recent achievement related to SOC 2 Type 2 certification?

CyberArk has achieved SOC 2 Type 2 certification for its SaaS portfolio, confirming high security and compliance standards.

How does CyberArk's SOC 2 Type 2 certification impact its offerings?

The SOC 2 Type 2 certification enhances trust in CyberArk's services, confirming that they meet stringent security criteria.

Which CyberArk products are SOC 2 Type 2 certified?

CyberArk's SOC 2 Type 2 certified products include Cloud Entitlements Manager, Endpoint Privilege Manager, and others.

Who conducted CyberArk's SOC 2 Type 2 examination?

The SOC 2 Type 2 examination was conducted by A-LIGN ASSURANCE, an independent auditing firm.

Why is SOC 2 Type 2 certification important for CyberArk?

SOC 2 Type 2 certification is important as it validates CyberArk's commitment to security and compliance, reassuring customers.