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New FIDO Alliance Certification Highlights CyberArk’s Commitment To Securing Customers’ Passwordless Journeys

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CyberArk (NASDAQ: CYBR) announced that its Workforce Identity component has achieved FIDO2 certification from the FIDO Alliance, validating its secure authentication standards. The certification ensures enhanced security, interoperability with other FIDO-certified solutions, and compliance with industry standards.

The FIDO Alliance aims to reduce reliance on passwords by promoting standardized authentication technologies. This certification comes as the U.S. Federal Reserve supports stronger authentication technologies like FIDO, moving away from phishing-prone MFA methods. CyberArk Workforce Identity Security enables Zero Trust and least privilege access management, providing secure access to resources with intelligent privilege controls.

CyberArk (NASDAQ: CYBR) ha annunciato che il suo componente Workforce Identity ha ottenuto la certificazione FIDO2 dalla FIDO Alliance, convalidando i suoi standard di autenticazione sicura. La certificazione garantisce una maggiore sicurezza, interoperabilità con altre soluzioni certificate FIDO e conformità agli standard del settore.

La FIDO Alliance mira a ridurre la dipendenza dalle password promuovendo tecnologie di autenticazione standardizzate. Questa certificazione arriva mentre la Federal Reserve degli Stati Uniti supporta tecnologie di autenticazione più robuste come FIDO, allontanandosi da metodi MFA vulnerabili al phishing. CyberArk Workforce Identity Security consente la gestione dell'accesso Zero Trust e del minimo privilegio, fornendo accesso sicuro alle risorse con controlli intelligenti dei privilegi.

CyberArk (NASDAQ: CYBR) anunció que su componente Workforce Identity ha obtenido la certificación FIDO2 de la FIDO Alliance, validando sus estándares de autenticación segura. La certificación garantiza una mayor seguridad, interoperabilidad con otras soluciones certificadas por FIDO y cumplimiento con los estándares de la industria.

La FIDO Alliance tiene como objetivo reducir la dependencia de las contraseñas promoviendo tecnologías de autenticación estandarizadas. Esta certificación llega en un momento en que la Reserva Federal de EE. UU. apoya tecnologías de autenticación más fuertes como FIDO, alejándose de métodos MFA susceptibles de phishing. CyberArk Workforce Identity Security permite la gestión de acceso Zero Trust y del mínimo privilegio, proporcionando acceso seguro a los recursos con controles de privilegios inteligentes.

CyberArk (NASDAQ: CYBR)는 자사의 Workforce Identity 구성 요소가 FIDO Alliance로부터 FIDO2 인증을 획득했다고 발표했습니다. 이는 안전한 인증 기준을 검증하는 것입니다. 이 인증은 보안 강화, 다른 FIDO 인증 솔루션과의 상호 운용성 및 산업 기준 준수를 보장합니다.

FIDO Alliance는 표준화된 인증 기술을 촉진하여 비밀번호 의존도를 줄이는 것을 목표로 합니다. 이 인증은 미국 연방준비제도가 FIDO와 같은 강력한 인증 기술을 지원하면서 피싱에 취약한 MFA 방법에서 벗어나고 있는 상황에서 이루어졌습니다. CyberArk Workforce Identity Security는 제로 트러스트 및 최소 권한 액세스 관리를 가능하게 하여 지능형 권한 제어로 리소스에 대한 안전한 액세스를 제공합니다.

CyberArk (NASDAQ: CYBR) a annoncé que son composant Workforce Identity a obtenu la certification FIDO2 de la FIDO Alliance, validant ainsi ses normes d'authentification sécurisées. La certification garantit une sécurité accrue, l'interopérabilité avec d'autres solutions certifiées FIDO et la conformité aux normes de l'industrie.

La FIDO Alliance vise à réduire la dépendance aux mots de passe en promouvant des technologies d'authentification standardisées. Cette certification intervient alors que la Réserve fédérale américaine soutient des technologies d'authentification plus robustes comme FIDO, s'éloignant des méthodes MFA vulnérables au phishing. CyberArk Workforce Identity Security permet la gestion des accès Zero Trust et des privilèges minimaux, offrant un accès sécurisé aux ressources avec des contrôles de privilèges intelligents.

CyberArk (NASDAQ: CYBR) gab bekannt, dass die Workforce Identity Komponente die FIDO2-Zertifizierung der FIDO Alliance erhalten hat, was die sicheren Authentifizierungsstandards validiert. Die Zertifizierung gewährleistet verbesserte Sicherheit, Interoperabilität mit anderen FIDO-zertifizierten Lösungen und Konformität mit Branchenstandards.

Die FIDO Alliance hat das Ziel, die Abhängigkeit von Passwörtern zu verringern, indem standardisierte Authentifizierungstechnologien gefördert werden. Diese Zertifizierung kommt zu einem Zeitpunkt, an dem die US-Notenbank stärkere Authentifizierungstechnologien wie FIDO unterstützt und sich von phishinganfälligen MFA-Methoden entfernt. CyberArk Workforce Identity Security ermöglicht das Management von Zero Trust und minimalen Berechtigungen und bietet sicheren Zugang zu Ressourcen mit intelligenten Berechtigungssteuerungen.

Positive
  • Achieved FIDO2 certification, enhancing product credibility and security standards
  • Alignment with U.S. Federal Reserve's authentication technology preferences
  • Enhanced interoperability with other FIDO-certified solutions
Negative
  • None.

Insights

The FIDO2 certification for CyberArk Workforce Identity represents a significant technical advancement in enterprise security infrastructure. The certification validates CyberArk's authentication capabilities against phishing attacks and credential theft, particularly important given the U.S. Federal Reserve's recent emphasis on moving away from traditional MFA methods. The interoperability aspect of FIDO2 certification is important - it ensures seamless integration with other FIDO-certified solutions, potentially expanding CyberArk's market reach and enterprise adoption.

This development strengthens CyberArk's competitive position in the Zero Trust security market, especially as government mandates increasingly push organizations toward modern authentication methods. The timing aligns well with growing market demands for passwordless solutions and enhanced identity security, though the real impact will depend on enterprise adoption rates and integration success with existing security infrastructures.

While FIDO2 certification is a positive development, its immediate financial impact on CyberArk's $14B market cap may be modest. However, this certification strategically positions CyberArk to capture a larger share of the rapidly growing identity and access management market, especially in highly regulated sectors and government contracts where compliance and security standards are paramount. The endorsement from the Federal Reserve and alignment with federal Zero Trust initiatives could accelerate enterprise adoption, particularly among financial institutions and critical infrastructure operators seeking to modernize their authentication systems.

The certification enhances CyberArk's product portfolio value proposition and could help maintain premium pricing power in competitive bids, potentially supporting margins in the medium term.

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)-- CyberArk (NASDAQ: CYBR), the global leader in identity security, today announced that CyberArk Workforce Identity, a component of the CyberArk Identity Security Platform, has achieved FIDO2 certification from the FIDO Alliance, a worldwide organization with a mission to reduce the world’s reliance on passwords. This certification is the latest affirmation of CyberArk’s ongoing commitment to boosting cyber resilience by securing the world against identity-based threats.

The FIDO (Fast IDentity Online) Alliance is an open industry association that aims to address the lack of interoperability among strong authentication technologies and remedy the problems users face with creating and remembering multiple usernames and passwords. To accomplish this, the FIDO Alliance promotes the development of, use of, and compliance with standards for authentication and device attestation.

FIDO2 certification validates that the CyberArk Workforce Identity authentication service meets the highest standards for secure authentication. At the recent Authenticate 2024 conference, the U.S. Federal Reserve echoed cross-industry support for stronger authentication technologies like FIDO, moving away from more phishing-prone MFA methods. The U.S. federal government’s push for modern authentication and Zero Trust are essential to securing critical infrastructure and staying ahead of adversaries.

CyberArk Workforce Identity Security simplifies enterprise identity and access management while providing high levels of security. 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 all with the right level of intelligent privilege controls.

Key Benefits of FIDO Certification:

  • Enhanced Security: FIDO2 certification ensures that CyberArk’s authentication services are robust and resistant to common security threats.
  • Interoperability: Certified products are guaranteed to work seamlessly with other FIDO-certified solutions, providing a cohesive, unified user experience.
  • Industry Standards: Achieving FIDO2 certification reinforces CyberArk as a trusted provider of secure authentication solutions.

“The FIDO Alliance is very pleased to see that CyberArk has achieved FIDO2 Certification for CyberArk Identity. This designation showcases CyberArk’s commitment to providing its customers with a standards-based solution that enables phishing-resistant authentication and improves security and privacy outcomes while also enhancing user experiences across applications,” said Andrew Shikiar, CEO and Executive Director of the FIDO Alliance.

“From day one, CyberArk has been a security-first company,” said Peretz Regev, chief product officer at CyberArk. “This achievement reflects our unwavering commitment to advancing security standards and delivering top-tier authentication and passwordless solutions to our clients. As cyber threats continue to evolve, increasingly targeting identities and identity infrastructure, it is crucial that we continue to provide our customers with industry-leading tools to secure every identity with privilege controls, on the endpoint and in every application.”

Further Reading

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.

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 certification did CyberArk (CYBR) receive in 2024?

CyberArk received FIDO2 certification from the FIDO Alliance for its Workforce Identity component, validating its secure authentication standards.

How does the FIDO2 certification benefit CyberArk (CYBR) customers?

The certification ensures enhanced security, seamless interoperability with other FIDO-certified solutions, and compliance with industry standards for secure authentication.

What is CyberArk's (CYBR) Workforce Identity Security feature?

It's a security solution that enables Zero Trust and least privilege access management, allowing secure access to resources with intelligent privilege controls.

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