Privileged Account Security is a service provided by CyberArk, a publicly-traded information security business. Retail, energy, financial services, government, and healthcare are among the markets where the company's technology is used. In this tutorial, you will learn all the essential concepts of CyberArk. We have covered each concept that starts with the introduction and will explore all its components, implementation of the CyberArk in detail. Now, let us go through the concepts of 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.
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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.
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 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.
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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.
CyberArk, as a leader in cybersecurity solutions, offers tremendous value to businesses. The following are some of the advantages:
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.
Architecture of CyberArk
At its core, the CyberArk Privileged Access Security system is made up of numerous layers that provide extremely secure solutions for storing and sharing passwords in businesses. Authentication, Access Control, Firewall, Encryption, and VPN are examples of these levels.
The following are the primary components of the architecture:
CyberArk is made up of the following components:
Digital Vault: The Digital Vault is the most secure location on the network for storing sensitive information. It is easy to use because it is pre-configured.
Implementation of CyberArk
CyberArk implementation can be done in phases. Security and business need analysis, scope definition, solution launch and execution, risk mitigation plan, and companywide execution are some of the suggested processes. The following provides a basic overview of these phases:
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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