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Introduction to CyberArk

Everyone will agree that cybersecurity is a critical issue in enterprises because cyberattacks are continually wreaking havoc and generating massive losses. In the case of privileged accounts, the requirement for cybersecurity is considerably greater. The reason for this is that the majority of advanced cyber-attacks target privileged accounts. Most businesses, however, are unable to safeguard their privileged accounts due to their insufficient infrastructure and unskilled workforce. Many businesses don't even have a cyber-security preparation strategy in place to protect their credentials, privileged accounts, and secrets, among other things.

CyberArk is a security product with a significant capability to address an organization's cybersecurity needs. Enterprises don't need any more infrastructure resources or administration with CyberArk. Rather, the CyberArk technology enables businesses to protect their privileged accounts and credentials in a cost-effective manner.

Become a CyberArk Certified professional  by learning this HKR CyberArk Training!

What is CyberArk?

CyberArk is primarily a security tool for password management and the protection of privileged accounts. It secures privileged accounts in businesses by automatically keeping track of passwords. You may keep and manage data using the CyberArk tool by rotating the credentials of all critical accounts so that you can effectively guard against malware and hacking threats. CyberArk is employed in areas such as energy, healthcare, financial services, and retail, among others because it is a highly protective instrument. CyberArk has such a good reputation that it is employed by almost half of the Fortune 500 firms throughout the world.

What is meant by a Privileged Account?

A privileged account is one that has access to information such as  PHI information, credit card numbers, and social security numbers, among other things. However, the definition of a privileged account in a larger sense is determined by the type of privileged data in the business. Domain admin accounts, privileged user accounts, Local admin accounts, application accounts, service accounts, and emergency accounts are examples of privileged accounts in businesses.

CyberArk History

CyberArk is an Israeli corporation with headquarters in Petah. It has offices in EMEA, Asia Pacific, and Japan, and also a US headquarters in Newton. Udi Mokady, a graduate of Boston University's Metropolitan College, created it in 1999.

The company has concentrated on assisting corporations in protecting themselves from cyber-attacks since its start, and it is today one of the most well-known cybersecurity firms in the world. Cyber-Ark grew from a start-up to a public limited corporation that was listed on the NASDAQ stock exchange.

It has gone on an acquisition binge in the previous six years, purchasing companies including Vaultive, Conjur Inc, and Viewfinity. Viewfinity and Conjur Inc, both situated in Massachusetts, have interests in privilege management and application control technologies, and also cloud services. As of Q4 2019, CyberArk had revenue of $343 million and a headcount of 1,380.

Business using CyberArk
When it comes to which industries use CyberArk the most, the computer software business is at the top, while human resources are at the bottom. A comprehensive list of industries that use the CyberArk tool may be found here.

  • Computer Software
  • IT & Services
  • Financial Services
  • Banking
  • Insurance
  • Hospital and Health Care
  • Retail
  • Utilities
  • Computer Hardware
  • Human Resources

Benefits of CyberArk

CyberArk, as a leader in cybersecurity solutions, offers tremendous value to businesses. The following are some of the advantages:

  • Simple credential tracking: You don't need to manually keep track of passwords with CyberArk Privileged Account Security Solution. Instead, you should simply keep track of CyberArk credentials. That should be enough. CyberArk will handle everything else.
  • Increased time consumption: As CyberArk is equipped with automated password management features, password management will consume less time.
  • Insufficient redundancy in policy updates: There will be no redundancy in updating policies because CyberArk allows administrators to manage and update privilege policies for users centrally.
  • Password updates are propagated across applications: CyberArk centralizes database password management and ensures that password changes are propagated to all dependent applications and services. As a result, the possibility of faulty processes is eliminated. Every password change also eliminates the risk of revenue loss.

Aside from the aforementioned features, CyberArk also provides management and protection of all privileged accounts and SSH keys, and also controlling access to privileged accounts, initiating and monitoring privileged sessions, managing application and service credentials, enabling compliance with audit and regulatory requirements, and seamless integration with enterprise systems.

Conclusion

In this tutorial, we have covered all the topics from the basic understanding of CyberArk and Private accounts to the architecture, components, and implementation. We have also discussed the benefits of using CyberArk and the list of business which use CyberArk.

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