CyberArk Named a 2024 Overall Leader in Privileged Access Management by KuppingerCole

Rhea-AI Summary

CyberArk (NASDAQ: CYBR) has been recognized as an Overall Leader in the 2024 KuppingerCole Leadership Compass on Privileged Access Management (PAM). The report highlights CyberArk's pioneering role in PAM, utilizing artificial intelligence for threat detection and credential protection in hybrid and multi-cloud environments.

KuppingerCole placed CyberArk in the top quadrant with the highest scores across Product, Innovation, and Market Leadership categories. The report noted CyberArk's focus on identity security, multi-tenancy support, and Zero Standing Privileges (ZSP) to reduce identity-related risk.

The CyberArk Identity Security Platform offers a unified, modular approach to cyber-risk reduction, encompassing PAM, workforce and customer access, endpoint privilege security, secrets management, cloud privilege security, and identity management to enable Zero Trust and enforce least privilege.

Positive

• Recognized as Overall Leader in 2024 KuppingerCole Leadership Compass for PAM
• Highest scores in Product, Innovation, and Market Leadership categories
• Utilizes AI for threat detection and credential protection
• Offers Zero Standing Privileges (ZSP) to reduce identity-related risk
• Provides a unified, modular Identity Security Platform

Negative

• None.

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)-- CyberArk (NASDAQ: CYBR), the identity security company, today announced that global IT analyst firm KuppingerCole has recognized CyberArk as an Overall Leader in the 2024 Leadership Compass on Privileged Access Management (PAM).

In the report, KuppingerCole highlights that “The (PAM) market has seen rapid growth with the rise of cloud adoption, digital transformation, and the proliferation of identities across various platforms,” noting also that “CyberArk is a pioneer in PAM, utilizing artificial intelligence for threat detection and credential protection, effectively securing hybrid and multi-cloud environments, making it a leader in adapting to evolving IT challenges.”

The report examined three separate leadership categories: Product, Innovation and Market Leadership. CyberArk is placed in the top quadrant and scores highest in all of them. In their evaluation, KuppingerCole noted CyberArk’s focus on identity security, its multi-tenancy support and that CyberArk offers Zero Standing Privileges (ZSP) to reduce identity-related risk. The report also highlights CyberArk’s strong user experience and extensive, flexible deployment options.

The CyberArk Identity Security Platform is a unified, modular platform that allows organizations to start with one, more, or all of our best-in-class capabilities - including PAM - on their journey to deliver measurable cyber-risk reduction. CyberArk offers the most complete and extensible identity security platform, backed by intelligent privilege controls, across workforce and customer access, endpoint privilege security, privileged access management, secrets management, cloud privilege security and identity management to enable Zero Trust and enforce least privilege.

“We’re pleased to be recognized as an Overall Leader by KuppingerCole. We believe that this placement is due, in large part, to our continued product innovations in Modern PAM,” said Charles Chu, GM IT and Developer Solutions at CyberArk. “Our new capabilities in just-in-time (JIT) access and ZSP reduce identity-centric risk and dramatically lower TCO – all while providing a native user experience.”

To download a complimentary copy of the 2024 Leadership Compass on Privileged Access Management, please visit: https://lp.cyberark.com/kuppinger-cole-analysts-leadership-compass-pam-2024-registration.html

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.

Copyright © 2024 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/20241017218809/en/

Investor Relations:

Srinivas Anantha, CFA

CyberArk

617-558-2132

ir@cyberark.com

Media:

Nick Bowman

CyberArk

+44 (0) 7841 673378

press@cyberark.com

Source: CyberArk

FAQ

What recognition did CyberArk (CYBR) receive from KuppingerCole in 2024?

CyberArk was recognized as an Overall Leader in the 2024 KuppingerCole Leadership Compass on Privileged Access Management (PAM).

How did CyberArk (CYBR) perform in KuppingerCole's leadership categories?

CyberArk was placed in the top quadrant and scored highest in all three leadership categories: Product, Innovation, and Market Leadership.

What key features of CyberArk (CYBR) were highlighted in the KuppingerCole report?

The report highlighted CyberArk's use of artificial intelligence for threat detection, multi-tenancy support, Zero Standing Privileges (ZSP), and its unified Identity Security Platform.

What is the CyberArk (CYBR) Identity Security Platform?

It's a unified, modular platform offering capabilities in PAM, workforce and customer access, endpoint privilege security, secrets management, cloud privilege security, and identity management to enable Zero Trust and enforce least privilege.