CyberArk has advanced its Identity Security Platform to help secure high-risk access and broaden protection across cloud and hybrid environments. The Newton, Mass.-based identity security vendor’s new Dynamic Privileged Access offering drastically reduces risk of standing access by provisioning just-in-time access to hybrid and cloud workloads, starting with Windows and Linux virtual machines.
CyberArk Secure Web Sessions, meanwhile, adds additional layers of security to high-risk browser-based applications access via continuous monitoring, re-authentication enforcement and isolation of malicious processes originating on user devices. CyberArk has beefed up its staffing, with head count growing by 21 percent to 2,174 people driven by aggressive hiring around engineering and IT.
Wall Street views CyberArk’s strategy favorably, with the company’s stock price jumping by 10 percent over the past year to $159.71 per share on a valuation of $6.35 billion. Product investments have driven new customers to CyberArk, with the company expecting to grow year-over-year revenue by 7 percent in 2021 to $496 million.