Cyberark Software Ltd (NASDAQ:CYBR) First To Be Certified For Securing Privileged Accounts


Dallas, Texas 07/15/2015 (Financialstrend) – Cyberark Software Ltd (NASDAQ:CYBR) the software firm which is known to protect organizations and corporate from in-network attacks, has become the first vendor to be awarded Common Criteria Certification.

The Common Criteria Evaluation Assurance level EAL 2+ has been awarded to Cyberark, allowing it to provide solutions that are comprehensive for Privileged Account Security Solution.

The certification reiterates the company’s commitment to help federal organizations as well as enterprises to ‘secure’ their privileged accounts. The company strives to provide layers of protection which will prevent attackers from accessing ‘keys to the IT kingdom.’ Cyber attackers are known to ‘steal’ data from highly privileged accounts such as that of the Federal Agencies.

The attack on the US Office of Personnel Management, had led to attackers gaining access to privileged accounts and use credentials to gain lateral access in secured networks. Such attackers are also know to ‘conduct reconnaissance’ and are rarely detected, besides capturing critical data.  In response, CIO Tony Scott had initiated the ‘30-Day Cybersecurity Sprint.’ The directive issued to all government and federal agencies was – strengthening of policies as well as practices. The focus of the policies was to protect  privileged users and credentials within the networks.

Cyberark Software Ltd’s (NASDAQ:CYBR) industry solution, CyberArk Privileged Account Security Solution will help in preventing theft of credentials of government accounts  as well as abuse and misuse of credentials. The solutions that the company provides are against threats, besides limiting damages. According to Director of EWA-CCTL Erin Connor, the certification demonstrates that “CyberArk is committed to ensure high quality security  solutions for it customers.”

The company has repeatedly demonstrated its prowess at complete security of privileged accounts of its customers. Cyberark Software Ltd (NASDAQ:CYBR) latest certification makes it the first of the vendors in this segment to win such certification.

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