CyberArk Receives Cyber Catalyst SM Designation From Global Cyber Insurance Leaders
CyberArk (NASDAQ: CYBR), today announced that CyberArk Core Privileged Access Security has received a Cyber CatalystSM designation.
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Created by Marsh, a global leader in insurance broking and risk management, the Cyber Catalyst program convenes leading cyber insurers to evaluate cybersecurity solutions and awards the Cyber Catalyst designation to those they believe can have a meaningful impact on cyber risk.
The program’s rigorous evaluation process involved participating insurers assessing the ability of cybersecurity solutions to address prominent risks including ransomware, supply chain and vendor management, cloud migration and management, social engineering, and privacy regulation and data management.
With compromised privileged credentials continuing to be the root cause of the most damaging cyberattacks, a strong privileged access management program is more important than ever. Delivering the most comprehensive Privileged Access Management solution for cloud and hybrid environments, CyberArk helps to control, manage and audit privileged accounts, credentials and secrets for human and non-human users to reduce risk while also improving operational efficiency and compliance.
“The Cyber Catalyst designation signals that leading insurers believe the CyberArk Core Privileged Access Security solution can help reduce cyber risk, and strongly merits consideration by organizations who seek solutions that yield meaningful improvements in cyber risk outcomes.