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RBL Finserve Protects Growing Number of Identities In Multi-Cloud Environment with CyberArk

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CyberArk (NASDAQ: CYBR) announced that RBL Finserve, a leading Indian financial institution, has chosen the CyberArk Identity Security Platform to enhance its cybersecurity measures. RBL Finserve implemented CyberArk Privileged Access Manager and CyberArk Workforce Identity to protect credentials, manage privileged accounts, and enforce least privilege policies. The company also adopted CyberArk's Single Sign-On (SSO) and Adaptive Multifactor Authentication (MFA) solutions.

This implementation allows RBL Finserve to manage IT administrators' privileged access, isolate and monitor sessions, and continuously rotate credentials. The move aims to safeguard customer data, ensure business continuity, and boost cyber resilience in response to the evolving threat landscape and increased reliance on third-party services, cloud computing, and remote work.

CyberArk (NASDAQ: CYBR) ha annunciato che RBL Finserve, un'importante istituzione finanziaria indiana, ha scelto la CyberArk Identity Security Platform per migliorare le proprie misure di cybersecurity. RBL Finserve ha implementato CyberArk Privileged Access Manager e CyberArk Workforce Identity per proteggere le credenziali, gestire gli account privilegiati e applicare politiche di minimo privilegio. L'azienda ha inoltre adottato le soluzioni di CyberArk per il Single Sign-On (SSO) e l'Adaptive Multifactor Authentication (MFA).

Questa implementazione consente a RBL Finserve di gestire l'accesso privilegiato degli amministratori IT, isolare e monitorare le sessioni, e ruotare continuamente le credenziali. Questa mossa mira a proteggere i dati dei clienti, garantire la continuità aziendale e aumentare la resilienza informatica in risposta all'evoluzione del panorama delle minacce e all'aumento dell'affidamento sui servizi di terze parti, il cloud computing e il lavoro remoto.

CyberArk (NASDAQ: CYBR) anunció que RBL Finserve, una destacada institución financiera india, ha elegido la CyberArk Identity Security Platform para mejorar sus medidas de ciberseguridad. RBL Finserve implementó CyberArk Privileged Access Manager y CyberArk Workforce Identity para proteger credenciales, gestionar cuentas privilegiadas y hacer cumplir políticas de menor privilegio. La empresa también adoptó las soluciones de CyberArk de Single Sign-On (SSO) y Adaptive Multifactor Authentication (MFA).

Esta implementación permite a RBL Finserve gestionar el acceso privilegiado de los administradores de TI, aislar y monitorear sesiones, y rotar continuamente las credenciales. Esta medida tiene como objetivo salvaguardar los datos de los clientes, asegurar la continuidad del negocio y fortalecer la resiliencia cibernética en respuesta al panorama de amenazas en evolución y al mayor uso de servicios de terceros, computación en la nube y trabajo remoto.

CyberArk (NASDAQ: CYBR)는 인도 주요 금융 기관인 RBL Finserve가 사이버 보안 조치를 강화하기 위해 CyberArk Identity Security Platform을 선택했다고 발표했습니다. RBL Finserve는 CyberArk Privileged Access ManagerCyberArk Workforce Identity를 구현하여 자격 증명을 보호하고 특권 계정을 관리하며 최소 권한 정책을 시행했습니다. 회사는 CyberArk의 Single Sign-On (SSO)Adaptive Multifactor Authentication (MFA) 솔루션도 채택했습니다.

이 구현을 통해 RBL Finserve는 IT 관리자의 특권 접근을 관리하고 세션을 격리 및 모니터링하며 자격 증명을 지속적으로 회전할 수 있습니다. 이 움직임은 고객 데이터 보호, 비즈니스 연속성 보장 및 진화하는 위협 환경과 제3자 서비스, 클라우드 컴퓨팅 및 원격 작업에 대한 증가하는 의존성에 대응하여 사이버 회복력을 높이는 것을 목표로 합니다.

CyberArk (NASDAQ: CYBR) a annoncé que RBL Finserve, une institution financière indienne de premier plan, a choisi la CyberArk Identity Security Platform pour améliorer ses mesures de cybersécurité. RBL Finserve a mis en œuvre CyberArk Privileged Access Manager et CyberArk Workforce Identity pour protéger les identifiants, gérer les comptes privilégiés et faire respecter les politiques de moindre privilège. L'entreprise a également adopté les solutions de CyberArk pour le Single Sign-On (SSO) et l'Adaptive Multifactor Authentication (MFA).

Cette mise en œuvre permet à RBL Finserve de gérer l'accès privilégié des administrateurs informatiques, d'isoler et de surveiller les sessions, et de faire régulièrement tourner les identifiants. Cette démarche vise à protéger les données des clients, à garantir la continuité des activités et à renforcer la résilience face aux cybermenaces en réponse à l'évolution de paysage des menaces et à la dépendance croissante aux services tiers, à l'informatique en nuage et au télétravail.

CyberArk (NASDAQ: CYBR) gab bekannt, dass RBL Finserve, eine führende indische Finanzinstitution, die CyberArk Identity Security Platform gewählt hat, um ihre Cybersicherheitsmaßnahmen zu verbessern. RBL Finserve implementierte CyberArk Privileged Access Manager und CyberArk Workforce Identity, um Anmeldeinformationen zu schützen, privilegierte Konten zu verwalten und Prinzipien des minimalen Zugriffs durchzusetzen. Das Unternehmen hat auch CyberArks Single Sign-On (SSO) und Adaptive Multifactor Authentication (MFA) Lösungen übernommen.

Diese Implementierung ermöglicht es RBL Finserve, den privilegierten Zugriff von IT-Administratoren zu verwalten, Sitzungen zu isolieren und zu überwachen sowie Anmeldeinformationen kontinuierlich zu rotieren. Dieser Schritt zielt darauf ab, Kundendaten zu schützen, die Geschäftskontinuität sicherzustellen und die Cyber-Resilienz im Hinblick auf die sich entwickelnde Bedrohungslage sowie die zunehmende Abhängigkeit von Drittanbieterdiensten, Cloud-Computing und Remote-Arbeit zu stärken.

Positive
  • CyberArk secured a major client in the financial sector with RBL Finserve
  • Implementation of CyberArk's solutions enhances RBL Finserve's cybersecurity measures
  • Expansion of CyberArk's presence in the Indian market
Negative
  • None.

Insights

RBL Finserve's adoption of CyberArk's Identity Security Platform marks a significant shift in their cybersecurity strategy. By implementing privileged access management and workforce identity solutions, they're addressing critical vulnerabilities in their multi-cloud environment. This move is particularly important given their extensive network of over 1000 branches and their focus on serving economically vulnerable communities.

The implementation of Single Sign-On (SSO) and Adaptive Multifactor Authentication (MFA) adds layers of security that are essential in today's threat landscape. These measures significantly reduce the risk of credential-based attacks, which are among the most common vectors for data breaches. The continuous rotation of credentials and session monitoring further enhance their security posture, making it more resilient against potential insider threats and external attacks.

While this upgrade is a positive step, it's important to note that cybersecurity is an ongoing process. RBL Finserve will need to continuously evaluate and adapt their security measures to stay ahead of evolving threats in the financial sector.

RBL Finserve's investment in advanced identity security is a strategic move that aligns with the broader trend of digital transformation in the financial sector. By partnering with CyberArk, a NASDAQ-listed company specializing in identity security, RBL Finserve is positioning itself as a forward-thinking player in India's competitive financial services market.

The focus on protecting customer data and ensuring business continuity is particularly noteworthy. In an era where data breaches can lead to significant financial losses and reputational damage, robust cybersecurity measures can be a key differentiator for financial institutions. This investment could potentially translate into increased customer trust and improved brand value for RBL Finserve.

Moreover, the ability to securely manage third-party vendor access is important in today's interconnected financial ecosystem. By implementing these advanced security measures, RBL Finserve is not only protecting its own assets but also strengthening the overall security of its business network, which could lead to more robust partnerships and business opportunities in the future.

Intelligent privileged controls enable RBL Finserve to enforce least privilege policies, monitor privileged sessions and detect and respond to threats in near real-time

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)-- CyberArk (NASDAQ: CYBR), the identity security company, today announced that one of India’s leading financial institutions, RBL Finserve, has chosen the CyberArk Identity Security Platform to boost cyber resilience, safeguard customer data and ensure business continuity in the face of a rapidly evolving threat landscape.

Through a network of over 1000 branches, RBL Finserve provides financial services for millions of customers, with an especially strong presence in economically vulnerable communities. Its increased reliance on third-party services, cloud computing and remote work meant that perimeter-based cybersecurity was no longer a viable model to protect a growing number of identities. The security team was also determined to boost its ability to guard against password leaks.

RBL Finserve implemented the CyberArk Identity Security Platform built on zero trust principles to protect credentials and manage privileged accounts. Specifically, it implemented CyberArk Privileged Access Manager and CyberArk Workforce Identity. The company is now able to manage IT administrators’ privileged access by isolating and monitoring sessions while continuously rotating credentials. RBL Finserve also consolidated on the CyberArk Single Sign-On (SSO) and Adaptive Multifactor Authentication (MFA) as an essential part of its foundation planning to expand intelligent privilege controls across all human identities that access its systems, including third-party vendors.

S K Mohanty, Chief Information Officer at RBL Finserve, said: “The CyberArk Identity Security Platform has enabled RBL Finserve to integrate a security-first mindset into its digital transformation initiatives. We have attained a new benchmark for digital trust and safety, reinforcing the values the RBL Finserve brand is built on.”

Rohan Vaidya, Area Vice President, South Asian Association for Regional Cooperation & India, CyberArk said: “We are honored to be chosen by RBL Finserve to bolster their identity security. RBL Finserve uses CyberArk’s intelligent privilege controls to protect customer data as well as the systems and processes that serve millions of households and businesses.”

To read more about CyberArk’s work with RBL Finserve, please visit: https://www.cyberark.com/customer-stories/rbl-finserve/

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 solutions did RBL Finserve implement from CyberArk (CYBR)?

RBL Finserve implemented CyberArk Privileged Access Manager, CyberArk Workforce Identity, Single Sign-On (SSO), and Adaptive Multifactor Authentication (MFA) solutions from CyberArk's Identity Security Platform.

How does CyberArk's (CYBR) solution benefit RBL Finserve's security?

CyberArk's solution enables RBL Finserve to manage privileged access, isolate and monitor sessions, rotate credentials, and enforce least privilege policies, enhancing protection for customer data and improving overall cyber resilience.

Why did RBL Finserve choose CyberArk (CYBR) for its cybersecurity needs?

RBL Finserve chose CyberArk to boost cyber resilience, safeguard customer data, and ensure business continuity in response to the evolving threat landscape and increased reliance on third-party services, cloud computing, and remote work.

What is the significance of RBL Finserve adopting CyberArk's (CYBR) Identity Security Platform?

The adoption signifies a major client acquisition for CyberArk in the financial sector, expanding its presence in the Indian market and demonstrating the relevance of its solutions for protecting sensitive financial data and systems.

CyberArk Software Ltd.

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