Proofpoint and CyberArk Expand Strategic Partnership to Comprehensively Secure Identities in Hybrid and Multi-Cloud Environments

Rhea-AI Summary

Proofpoint and CyberArk (NASDAQ: CYBR) have expanded their strategic partnership to enhance identity security in hybrid and multi-cloud environments. The collaboration aims to address critical cyber challenges by launching new integrations and solutions. Key highlights include:

1. Combining layered defenses to stop threats before reaching users and applying preventative policies.

2. Integration of Proofpoint's ZenWeb Browser Extension with CyberArk's Secure Browser to protect against malicious URLs in real-time.

3. Leveraging Proofpoint's Nexus TI to identify email threats and pass them to CyberArk Identity Flows for adaptive response.

4. Automating privileged account discovery and management through CyberArk.

This partnership addresses the growing importance of identity-centric security strategies in today's evolving threat landscape.

Positive

• Strategic partnership expansion between Proofpoint and CyberArk to enhance identity security
• Launch of new integrations and solutions to address critical cyber challenges
• Real-time detection and blocking of malicious URLs through ZenWeb and Secure Browser integration
• Automated privileged account discovery and management
• Enhanced protection for high-risk users with privileged access

Negative

• None.

Insights

Cybersecurity Analyst

The expanded partnership between Proofpoint and CyberArk represents a significant advancement in identity-centric security. This collaboration addresses critical challenges in today's threat landscape, where identities have become the new perimeter. Key points:

• Integration of Proofpoint's threat intelligence with CyberArk's identity security solutions enhances protection against phishing and other identity-based attacks.
• The ZenWeb browser extension, powered by Proofpoint's threat intelligence, combined with CyberArk's Secure Browser, offers real-time protection against malicious URLs.
• Automated privileged account discovery and management streamline security processes.

This partnership could potentially reduce the risk of data breaches and improve overall cybersecurity posture for organizations, especially in hybrid and multi-cloud environments.

Financial Analyst

This strategic partnership has positive implications for both Proofpoint and CyberArk (NASDAQ: CYBR). Key financial considerations:

• Expanded market reach: The collaboration allows both companies to tap into each other's customer base, potentially increasing revenue streams.
• Competitive advantage: The integrated solutions provide a more comprehensive security offering, which could lead to increased market share in the competitive cybersecurity industry.
• Potential for upselling: Existing customers of both companies may be more inclined to adopt additional services, potentially boosting revenue per customer.

While specific financial figures aren't provided, this partnership could positively impact both companies' future earnings and strengthen their market positions.

Market Research Analyst

This partnership addresses important market trends in cybersecurity:

• 93% of organizations suffered multiple identity security breaches last year, highlighting a significant market need.
• The shift towards identity-centric security aligns with the evolving threat landscape and digital transformation trends.
• Integration of email security, browser protection and identity management caters to the demand for comprehensive, user-friendly security solutions.

The collaboration positions both companies to capitalize on the growing demand for integrated identity and access management solutions. This move could potentially increase their market share and strengthen customer loyalty in the rapidly evolving cybersecurity market.

Cybersecurity leaders deliver integrated solutions to thwart phishing attempts across all channels while securing identities across the enterprise

SUNNYVALE, Calif. & NEWTON, Mass.--(BUSINESS WIRE)-- Proofpoint, Inc., a leading cybersecurity and compliance company, and CyberArk (NASDAQ: CYBR), the identity security company, today announced an extended strategic collaboration, working together to help organizations around the world secure identities everywhere. Supporting this joint aim, the expanded partnership includes the launch of new integrations and solutions to address critical cyber challenges.

Securing Identities Across the Enterprise

Digital transformation and the cloud have altered infrastructures, while mobile technologies and remote access have changed how people work. Traditional endpoint and network-based controls are inadequate given today’s threat landscape—one where identities are the new perimeter and have become critical for organizations to secure. With attackers increasingly exploiting identities thanks to the potential wide-ranging access they enable, 93% of organizations suffered two or more identity security breaches in the past year. The exponential growth of identities coupled with evolving attack techniques underscores the critical need for a paradigm shift towards identity-centric security strategies.

Threat actors continue to target identities as the most effective way to land in and expand their access to the targeted organization. From workforce users to IT admins with privileged administration rights, to an executive with access to confidential data, to a developer with access to code repositories or a machine identity such as an IoT device, identities are cyber adversaries’ preferred path to an enterprise-wide breach. Connecting a human-targeted attack with its potential impact has never been more critical.

The integration between Proofpoint and CyberArk features a combination of layered defenses designed to stop threats before they reach users and applies preventative policies and controls that ensure access accuracy. Proofpoint prevents email attacks from reaching users and helps to identify the individuals and systems that are targeted by the most sophisticated, highest impact threats using its expansive data set comprised of trillions of data points every year. CyberArk takes this insight and applies adaptive controls and identity security policies to ensure legitimate users are only able to access what they need and nothing more.

“Because attackers now see people and their digital identities as their target of choice, it's time to shift security strategies to protect people and defend the data they create, placing identity at the center of security,” said Ryan Kalember, chief strategy officer, Proofpoint. “Our strategic partnership with CyberArk represents a significant advancement in identity-centric security, empowering organizations to connect their key platform to understand human risk with their platform to mitigate it.”

“Approaching how we secure identities must drastically evolve. With a single compromised identity, threat actors can attain an initial foothold that unlocks significant opportunities for all kinds of downstream attacks, including data theft and ransomware,” said Clarence Hinton, chief strategy officer at CyberArk. “Both CyberArk and Proofpoint are innovators in their respective security domains and share a commitment to placing digital identities at the center of security strategies to deliver better outcomes for our joint customers.”

Proofpoint’s ZenWeb Browser Extension Enhances CyberArk’s Secure Browser

Web browsers—often consumer-focused and lacking in essential security, privacy and productivity features—are essential to how organizations operate. They are the connective tissue between identities, applications, and data, making them a primary target for cybercriminals and a prominent vector for security breaches.

Powered by Proofpoint’s industry-leading threat intelligence, Proofpoint’s ZenWeb browser extension solution protects employees and contractors from malicious URLs that can download malware or steal corporate credentials and sensitive data. When deployed with CyberArk Secure Browser, organizations can, in real-time, detect and block malicious URLs, one of the leading attack vectors used by cyber adversaries.

Additional benefits of Proofpoint’s ZenWeb and CyberArk’s Secure Browser integration include:

• Stopping targeted threats and malicious URLs in real-time, independent of how the user encountered the URL
• Identifying and securing privileged users by applying granular policies and minimizing the risk of unauthorized access
• Enhancing user safety with adaptive controls and policies
• Reducing the risk of unauthorized access to sensitive data
• Streamlining incident response and automating remediation processes

Deeper integrations for innovative identity-centric threat remediation include:

• Leveraging Proofpoint’s Nexus TI (Threat Intelligence), email threats are identified and dynamically assessed for risk, then passed to CyberArk Identity Flows for adaptive response and remediation.
• Privileged users with high-risk access are singled out for enhanced layers of protection and real-time remediation when threats occur. Proofpoint also automates privileged account and local admin discovery, integrating with CyberArk to manage and secure them.

CyberArk and Proofpoint will be showcasing their latest integration at Proofpoint’s upcoming ‘Protect’ event series, which commences today in New York City on September 10, 2024.

To register to attend a Protect event near you, visit: https://www.proofpoint.com/us/events/protect

For more information on Proofpoint and CyberArk, visit: https://www.proofpoint.com/us/blog/identity-threat-defense/cyberark-proofpoint-collaboration-secure-identities-web-browsing
https://www.proofpoint.com/us/resources/solution-briefs/proofpoint-integrates-cyberark-privileged-account-security

About Proofpoint, Inc.

Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organizations of all sizes, including 85 percent of the Fortune 100, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com.

Connect with Proofpoint: X | LinkedIn | Facebook | YouTube

Proofpoint is a registered trademark or tradename of Proofpoint, Inc. in the U.S. and/or other countries. All other trademarks contained herein are the property of their respective owners.

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/20240910369672/en/

PROOFPOINT MEDIA CONTACT:

Estelle Derouet

Proofpoint, Inc.

pr@proofpoint.com

Source: Proofpoint, Inc.

FAQ

What is the main focus of the Proofpoint and CyberArk partnership expansion?

The main focus is to comprehensively secure identities in hybrid and multi-cloud environments by delivering integrated solutions to thwart phishing attempts and secure identities across the enterprise.

How does the Proofpoint ZenWeb Browser Extension enhance CyberArk's Secure Browser?

The integration allows real-time detection and blocking of malicious URLs, protecting employees and contractors from malware downloads and credential theft, regardless of how the user encountered the URL.

What are the key benefits of the Proofpoint and CyberArk CYBR integration?

Key benefits include stopping targeted threats in real-time, identifying and securing privileged users, enhancing user safety with adaptive controls, reducing unauthorized access risk, and streamlining incident response and remediation processes.

How does Proofpoint's Nexus TI integrate with CyberArk's Identity Flows?

Proofpoint's Nexus TI identifies and assesses email threats for risk, then passes this information to CyberArk Identity Flows for adaptive response and remediation, especially for high-risk privileged users.