SAP Enterprise Cloud Services Selects CyberArk to Safeguard the World’s Largest Organizations

Rhea-AI Summary

CyberArk (NASDAQ: CYBR) announced that SAP Enterprise Cloud Services (ECS) will implement CyberArk's Identity Security Platform to secure privileged and sensitive access to their cloud services. SAP ECS, the world's largest private cloud, runs core operations for over 6,000 major organizations globally. The implementation includes CyberArk Secure Cloud Access, enforcing zero standing privileges for all sessions related to cloud consoles, applications, and database access.

This partnership aims to enhance cyber resilience and protect client data by eliminating default entitlements and always-on access. Roland Costea, CISO at SAP ECS, emphasized the goal of building next-generation identity security to provide the highest level of protection for their global customer base. CyberArk's CEO, Matt Cohen, highlighted the importance of securing every identity with appropriate privilege controls in response to the rise in identity-based attacks.

Positive

• Partnership with SAP Enterprise Cloud Services, the world's largest private cloud provider
• Implementation of CyberArk's Identity Security Platform in a major cloud infrastructure
• Potential for increased market penetration in large enterprise segment
• Validation of CyberArk's zero standing privileges approach to security

Negative

• None.

Insights

Cybersecurity Expert

SAP ECS's adoption of CyberArk's Identity Security Platform marks a significant shift in cloud security practices. By implementing zero standing privileges, SAP ECS is taking a proactive stance against potential insider threats and external attacks. This move aligns with the principle of least privilege, but goes further by ensuring that no user has default entitlements.

The implementation of just-in-time access is particularly noteworthy. This approach minimizes the attack surface by granting privileges only when needed and for a time. For SAP's clients, this translates to enhanced protection of sensitive data and improved compliance with regulatory standards.

However, the transition may pose initial operational challenges as users adapt to the new access paradigm. The long-term benefits in security posture and risk reduction should outweigh these temporary hurdles.

Cloud Infrastructure Analyst

SAP ECS's decision to implement CyberArk's solutions is a strategic move that could significantly enhance its competitive position in the private cloud market. With over 6,000 large organizations relying on SAP ECS, this security upgrade has far-reaching implications for global business operations.

The flexibility to run on various infrastructures, including hyperscalers and private data centers, while maintaining a unified security approach, is a key differentiator. This could potentially lead to increased customer retention and attraction of security-conscious enterprises.

However, the success of this implementation will largely depend on how seamlessly it integrates with existing workflows. Any disruptions in service or user experience could temporarily impact SAP ECS's operations and client satisfaction. The long-term payoff in enhanced security and compliance should justify any short-term adjustments.

Financial Analyst

This partnership between CyberArk (NASDAQ: CYBR) and SAP ECS is likely to have positive financial implications for both companies. For CyberArk, securing a contract with the world's largest private cloud provider is a significant win, potentially leading to increased revenue and market share in the identity security sector.

The deal could serve as a powerful reference for CyberArk, possibly accelerating adoption of its zero standing privileges solution among other large enterprises. This could drive future growth and positively impact CyberArk's stock performance.

For SAP, while the financial terms aren't disclosed, the investment in advanced security measures could lead to reduced risk of costly data breaches and potential savings on insurance premiums. It may also attract more security-conscious clients, potentially increasing SAP's cloud services revenue. Investors should monitor for any impact on SAP's cloud revenue growth in upcoming quarterly reports.

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)-- CyberArk (NASDAQ: CYBR), the identity security company, today announced that SAP Enterprise Cloud Services (ECS) will implement CyberArk to secure privileged and sensitive access to their cloud services with zero standing privileges, protecting client data and allowing for easier auditing.

SAP ECS is the biggest private cloud in the world. With hundreds of thousands of servers, it runs the core operations of more than 6,000 of the largest organizations worldwide, across all major industries. SAP ECS accelerates and simplifies customers’ business transformation by running their SAP enterprise resource planning (ERP) stack with a world-class level of availability, security and resilience on their preferred cloud infrastructure. This can include ‘hyperscalers’, their own data centers and SAP data centers, enabling customers to become cost-effective, sustainable, intelligent enterprises.

Privileged administrators of cloud services are often targeted by attackers due to their high-level access. To reduce vulnerability, privileged session access and administration rights should be reviewed and revoked on time. A modern approach to securing extended IT users is needed; no user should have any entitlements by default, and they should not have always-on access.

To manage and secure privileged access and increase cyber resilience, SAP ECS’s defensive architecture team will deploy several components of the CyberArk Identity Security Platform, including CyberArk Secure Cloud Access. The project includes enforcing zero standing privileges to all sessions, whether they are related to cloud consoles, applications or database access – all from a single user interface. CyberArk Secure Cloud Access is the only identity security solution on the market with capabilities for zero standing privileges, going well beyond the principle of least privilege, a major component of most security frameworks and regulatory standards.

“My team’s vision for introducing CyberArk to SAP ECS is to build next-generation identity security for the business, providing the highest possible level of protection and reassurance to our global customer base,” said Roland Costea, CISO Enterprise Cloud Services and Executive Vice President at SAP. “I look forward to partnering with CyberArk to enhance our cyber robustness and reinforce ECS’s reputation as the world’s private cloud provider of choice.”

“With identity-based attacks on the rise, a new paradigm is required for identity security – one where every identity is secured with the right level of privilege controls,” said Matt Cohen, Chief Executive Officer, CyberArk. “The team at SAP ECS understands this and has laid out a bold vision for protecting its customers through zero standing privileges and just-in-time access. CyberArk is thrilled to partner with SAP ECS on this important initiative and we are committed to delivering best-in-class identity security solutions to support the evolving needs of its business.”

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/20240808151028/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 is the significance of SAP ECS selecting CyberArk (CYBR) for its cloud security?

SAP ECS, the world's largest private cloud provider, choosing CyberArk (CYBR) validates CyberArk's security approach and potentially increases its market penetration in the large enterprise segment. This partnership aims to enhance cyber resilience for over 6,000 major organizations globally that use SAP ECS.

How will CyberArk's (CYBR) solution benefit SAP ECS and its customers?

CyberArk's (CYBR) Identity Security Platform, including Secure Cloud Access, will enforce zero standing privileges for all sessions, eliminating default entitlements and always-on access. This approach aims to provide the highest level of protection for SAP ECS's global customer base, enhancing overall cyber robustness.

What specific CyberArk (CYBR) products will SAP ECS implement?

SAP ECS will implement several components of CyberArk's (CYBR) Identity Security Platform, including CyberArk Secure Cloud Access. This solution enforces zero standing privileges for all sessions related to cloud consoles, applications, and database access from a single user interface.

How does CyberArk's (CYBR) approach differ from traditional security methods?

CyberArk's (CYBR) Secure Cloud Access goes beyond the principle of least privilege by enforcing zero standing privileges. This means no user has any entitlements by default or always-on access, providing a higher level of security compared to traditional methods.