News Security v2 11/12/08 12:28 Page 13
Providing privileged identity management
One of the world’s largest and most Compliance regulations such as
influential global financial institutions Sarbanes-Oxley, PCI and Basel II, and
has chosen Cyber-Ark’s Privileged the need to be accountable to internal
Identity Management Suite to secure and external auditors when they ask
and manage its privileged identities who has access to what information,
and application passwords. This seven has been the driver behind the
figure deal marks another major win incredible success that Cyber-Ark has
for Cyber-Ark in a sector that is more recently experienced. Up to 70 percent
selective than ever with their IT of system breaches are caused by
investments. internal users, and in particular, users
“We’re thrilled that Cyber-Ark was who mistakenly or purposely misuse
chosen among the vendors evaluated their privileged access capabilities.
by this large banking institution as its Until recently, organizations had no
Privileged Identity Management way to effectively secure, manage and
solution,” said Udi Mokady, President track the provisioning, use, and identities embedded in scripts,
and CEO of Cyber-Ark Software. “The relocation of privileged user accounts- services and application code.
scope of the deployment, as well as thus leaving these very powerful “Despite global economic problems
the rigorous evaluation that was passwords especially vulnerable and a that have impacted IT budgets, what
performed on the vendors that potential source of damaging we’re seeing and hearing from our
participated, highlights the deep information leaks. customers, partners and prospects is
interest in and need for a superior To help banking organizations and that securing privileged accounts-and
Privileged Identity Management major corporations address this application passwords in particular-is
solution that is enterprise ready, problem, Cyber-Ark’s Privileged their top area of concern. As the
scalable and can meet the Identity Management Suite, which Privileged Identity Management
performance requirements of large includes the award-winning Enterprise market continues to mature and
scale deployments. With this win, more Password Vault® , provides a attract corporations of all segments,
than 35 percent of Fortune 50 centralized solution to secure, we believe that Cyber-Ark will become
companies have now selected Cyber- manage, automatically change and log a ‘must have’ technology for large
Ark as their Privileged Identity all activities associated with all types organizations worldwide,” added
Management solution.” of privileged accounts-even application Mokady.
Encrypting more, spending less
The use of encryption to protect applications than their counterparts, enabler, to the needs of the business.
sensitive data – whether the data is at with about 11.5 times more encryption
rest in back-end systems, in motion keys under management. Most On the other hand, an overly
on the network, or in use at the importantly, they have done so at a aggressive drive to expand access to
endpoints – is anything but new. A significantly lower total cost: 10% less sensitive information can expose the
recent research report from Aberdeen in absolute terms, 36% less in terms organization to unacceptable levels of
Group confirms that its application is of average cost per encryption- risk,” said Derek E. Brink, vice
growing ever more widespread, enabled application, and 92% less in president and research fellow for IT
especially among companies with top terms of average cost per key under Security, Aberdeen. “Companies with
performance. “Managing Encryption: management. Best-in-Class performance in
The Keys to Your Success” reveals managing encryption have achieved
that companies with top performance “Too often, the desire to safeguard the both data access and data protection,
at managing encryption currently organization’s critical data is seen to supporting higher scale at lower
support encryption in about 40% more be a gating factor, rather than an total cost.”
Winter 2008
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