NEWTON, Mass.--(BUSINESS WIRE)--CyberArk Software Ltd. (NASDAQ: CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, today released a new security brief to protect organizations against cyber attacks through third-party remote access points. The brief, “Securing Remote Vendor Access with Privileged Account Security,” and accompanying Infographic can be downloaded for free: www.cyberark.com/remote-vendor.
“It’s no secret that attackers target the weakest links in IT security, which are often found in accounts provisioned to third-parties for network access,” said John Worrall, Chief Marketing Officer, CyberArk. “Often, these smaller third-party organizations have less sophisticated security policies and controls than the target companies, providing an open backdoor for attackers. With the proper privileged account security controls in place, organizations can provide the network access required for business efficiency while maintaining consistent security across all types of accounts – internal and external.”
The Third-Party, Remote Access Problem
High-profile attacks
reveal that malicious hackers target third-party vendors and supply
chain partners as a backdoor into their primary target. Organizations in
every industry provide network access to third-party vendors, which
range from services companies and suppliers to external consultants.
Attackers target less secure partners to compromise remote access points, steal and exploit privileged credentials, and gain access to targeted networks. From here, attackers can elevate privileges, move laterally through the network, and execute their attack goals while completely circumventing the targeted company’s defenses.
According to recent researchi, attackers are increasingly targeting this soft spot in cyber security:
-
60 percent of organizations allow third-party vendors remote access to
internal networks1
- Top U.S. banks and credit companies average nearly 20,000 third-party suppliers2
- Most leading institutions have 200-300 high-risk, third-party relationships2
- Third-party errors increase the cost of a data breach by as much as $43 per record in the U.S.3
- 100 percent of advanced attacks exploit privileged credentials4
- 63 percent of data breaches are caused by security vulnerabilities introduced by third parties5
- 58 percent of organizations have no confidence that their third-party vendors are securing and monitoring privileged access to their network1
The CyberArk security brief provides organizations with guidance on how to address remote vendor access as a privileged access point that requires tight security controls. Topics covered include: approaches for managing and securing third-party credentials, how to isolate and monitor external sessions, and the importance of threat detection capabilities in security solutions for third-party access.
To download and use the CyberArk Infographic “Third-Party Access: The Hidden Weak Spot Exploited by Attackers,” please visit: www.cyberark.com/remote-vendor-infographic.
To download a free copy of CyberArk’s security brief on securing remote vendor access, please visit: www.cyberark.com/remote-vendor.
About CyberArk
CyberArk (NASDAQ: CYBR) is the only security
company focused on eliminating the most advanced cyber threats; those
that use insider privileges to attack the heart of the enterprise.
Dedicated to stopping attacks before they stop business, CyberArk
proactively secures against cyber threats before attacks can escalate
and do irreparable damage. The company is trusted by the world’s leading
companies – including 40 percent of the Fortune 100 and 17 of the
world’s top 20 banks – to protect their highest value information
assets, infrastructure and applications. A global company, CyberArk is
headquartered in Petach Tikvah, Israel, with U.S. headquarters located
in Newton, MA. The company also has offices throughout EMEA and
Asia-Pacific. To learn more about CyberArk, visit www.cyberark.com.
Cautionary Language Concerning Forward-Looking Statements
This
release may contain forward-looking statements, which express the
current beliefs and expectations of CyberArk’s management. Such
statements involve a number of known and unknown risks and uncertainties
that could cause the Company’s future results, performance or
achievements to differ significantly from the results, performance or
achievements expressed or implied by such forward-looking statements.
Important factors that could cause or contribute to such differences
include risks relating to: changes in the new and rapidly evolving cyber
threat landscape; failure to effectively manage growth; fluctuations in
quarterly results of operations; real or perceived shortcomings, defects
or vulnerabilities in the Company’s solution or the failure of the
solution to meet customers’ needs; the inability to acquire new
customers or sell additional products and services to existing
customers; competition from IT security vendors and other factors
discussed under the heading “Risk Factors” in the Company’s annual
report on Form 20-F filed with the Securities and Exchange Commission on
February 27, 2015. Forward-looking statements in this release are made
pursuant to the safe harbor provisions contained in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are made only as of the date hereof, and the Company
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise.
Copyright © 2015 CyberArk Software. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.
| i Sources: |
|
1CyberArk 8th Annual Global Advanced Threat Landscape Survey, 2014 |
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2McKinsey & Company: Managing Third-Party Risk in a Changing Regulatory Environment, May 2013 |
|
3Ponemon Institute 2013 Cost of Data Breach Study: Global Analysis |
| 4CyberSheath, “APT Privileged Account Exploitation,” April 2013 |
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5Computerworld: Hackers Hit More Businesses Through Remote Access Accounts, July 2, 2014 |
