What is Cyberark

What is CyberArk?

CyberArk is predominantly a security tool used for the security of privileged accounts through password management. It protects the privileged accounts in the organizations by way of maintaining the passwords automatically. Using the CyberArk tool, you can store and maintain data by rotating the credentials of all the important accounts so that you can defend the malware and hacking threats efficiently. Being a highly protective tool, CyberArk is used in industries such as energy, healthcare, financial services, retail, etc. The reputation of CyberArk is such that it has been used by around 50% of the Fortune 500 companies across the world.

What is a Privileged Account?

An account, which can be said a privileged account is the one, which has access to information such as social security numbers, credit card numbers, and PHI information, etc. However, from a broader perspective, the definition of a privileged account depends on the type of privileged data in the organizations. Some of the privileged accounts in organizations include local admin accounts, privileged user accounts, domain admin accounts, emergency accounts, service accounts, and application accounts, etc.

History of CyberArk

CyberArk is an Israel company having its headquarters located at Petah, In Israel. Its USA headquarters is located in Newton and it also has a presence in EMEA, Asia Pacific, and Japan. It was founded in 1999 by Udi Mokady, an alumnus of Boston University’s Metropolitan College.

Since its inception, the company has focused on helping organizations in protecting them from cyber-attacks and now it is one of the most reputed cybersecurity companies in the world. From being a start-up, Cyber-Ark rose to the level of a public limited company and listed in the NASDAQ stock market.

In the last six years, it has gone on an expansion spree acquiring companies such as Viewfinity, Conjur Inc, and Vaultive. Among these companies, Viewfinity and Conjur Inc are Massachusetts-based having interests in privilege management and application control software and cloud services, respectively. CyberArk has revenue of $343 million as of 2018 and a head strength of 1,380 as of Q4 2019.

Industries using CyberArk

If we look at which companies using CyberArk the most, the computer software industry tops the list and the least is human resources. Here is the complete list of industries that use the CyberArk tool.

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