FM Logistic Chooses the CyberArk Identity Security Platform to Secure Its Digital Transformation and Help Bolster Supply Chain Resilience

Rhea-AI Summary

CyberArk (NASDAQ: CYBR) announced that FM Logistic selected their Identity Security Platform to secure identities globally for their digital transformation. With 28,000 employees, FM Logistic aims to optimize supply chain operations and boost productivity through a cloud migration initiative. The CyberArk solution streamlines identity management, enhances cyber protection, and supports modern use cases.

Positive

• CyberArk's Identity Security Platform enhances cyber protection for FM Logistic's digital transformation and modern use cases.
• CyberArk's technology efficiently addresses FM Logistic's identity management issues, streamlining processes and increasing cyber protection.

Negative

• FM Logistic's existing identity management solution was labor-intensive and not compatible with their cloud migration project, leading to the need for a more secure and automated solution.
• The interconnected nature of global supply chains makes them susceptible to disruption, highlighting the importance of robust identity security measures for companies like FM Logistic.

PARIS--(BUSINESS WIRE)-- CyberArk (NASDAQ: CYBR), the identity security company, today announced that FM Logistic, a global supply chain management service, has selected the CyberArk Identity Security Platform to secure tens of thousands of identities around the world and provide a secure foundation for its digital transformation and information security.

With 28,000 people worldwide, FM Logistic helps optimize the global supply chain by monitoring computerized inventory management, order processing, co-packing, manufacturing, transportation and distribution. To streamline processes and improve productivity, FM Logistic began a major digital transformation initiative, including a cloud migration project. Its existing identity management solution, however, was labor-intensive when managing privileged identities and not compatible with its cloud migration efforts. The company needed a solution to reduce complexity, simplify and automate their identity lifecycle management, provide privileged access management and integrate with their cloud migration.

FM Logistic will standardize on the CyberArk Identity Security Platform to address these issues. The platform enables secure access for any identity — human or machine — to any resource or environment from anywhere, using any device.

“From warehouse employees and customers to machine-based APIs, the number of identities our team is managing is growing. We need a partner to help us improve control of our critical data, increase the level of cyber protection and support us adapting to modern use cases at the speed of business,” said Alexandre Brauner, FM Logistic Group information systems director. “CyberArk’s partnership is critical to our success. Their team was able to identify and address our problems quickly and efficiently. We need a best-of-breed identity security solution and CyberArk’s technology and people delivered.”

“Global supply chains are highly interconnected and interdependent. They can be highly susceptible to disruption, whether that is physical in nature or related to cybersecurity. It only takes one compromised identity to bring a company to its knees,” said Matt Cohen, CEO, CyberArk. “FM Logistic is a cornerstone of distribution for thousands of enterprises and its cybersecurity strategy is a critical component of their resilience and business continuity capabilities. CyberArk is proud to play a part in helping FM Logistic to focus on their mission of delivering the right goods, to the right place, at the right time.”

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, Twitter, Facebook or YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240507583227/en/

Media:

Carissa Ryan

Press@CyberArk.com

Investors:

Erica Smith

InvestorRelations@CyberArk.com

Source: CyberArk

FAQ

What is the name of the identity security company mentioned in the press release?

The identity security company mentioned in the press release is CyberArk.

How many employees does FM Logistic have?

FM Logistic has 28,000 employees globally.

What is the stock symbol of CyberArk?

The stock symbol of CyberArk is CYBR.

What is FM Logistic's major initiative to improve productivity?

FM Logistic is undertaking a major digital transformation initiative, including a cloud migration project, to streamline processes and boost productivity.

Why did FM Logistic choose the CyberArk Identity Security Platform?

FM Logistic chose the CyberArk Identity Security Platform to simplify and automate their identity lifecycle management, provide privileged access management, and integrate with their cloud migration efforts.

Who is the information systems director of FM Logistic?

The information systems director of FM Logistic is Alexandre Brauner.