CyberArk (NASDAQ: CYBR), the identity security company, today announced that global IT analyst firm KuppingerCole has recognized CyberArk as an Overall Leader in the 2024 Leadership Compass on Privileged Access Management (PAM).

In the report, KuppingerCole highlights that “The (PAM) market has seen rapid growth with the rise of cloud adoption, digital transformation, and the proliferation of identities across various platforms,” noting also that “CyberArk is a pioneer in PAM, utilizing artificial intelligence for threat detection and credential protection, effectively securing hybrid and multi-cloud environments, making it a leader in adapting to evolving IT challenges.”

The report examined three separate leadership categories: Product, Innovation and Market Leadership. CyberArk is placed in the top quadrant and scores highest in all of them. In their evaluation, KuppingerCole noted CyberArk’s focus on identity security, its multi-tenancy support and that CyberArk offers Zero Standing Privileges (ZSP) to reduce identity-related risk. The report also highlights CyberArk’s strong user experience and extensive, flexible deployment options.

The CyberArk Identity Security Platform is a unified, modular platform that allows organizations to start with one, more, or all of our best-in-class capabilities - including PAM - on their journey to deliver measurable cyber-risk reduction. CyberArk offers the most complete and extensible identity security platform, backed by intelligent privilege controls, across workforce and customer access, endpoint privilege security, privileged access management, secrets management, cloud privilege security and identity management to enable Zero Trust and enforce least privilege.

“We’re pleased to be recognized as an Overall Leader by KuppingerCole. We believe that this placement is due, in large part, to our continued product innovations in Modern PAM,” said Charles Chu, GM IT and Developer Solutions at CyberArk. “Our new capabilities in just-in-time (JIT) access and ZSP reduce identity-centric risk and dramatically lower TCO – all while providing a native user experience.”

To download a complimentary copy of the 2024 Leadership Compass on Privileged Access Management, please visit: https://lp.cyberark.com/kuppinger-cole-analysts-leadership-compass-pam-2024-registration.html

About CyberArk

CyberArk (NASDAQ: CYBR) is the global leader in identity security. Centered on intelligent privilege controls, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud environments and throughout the DevOps lifecycle. The world’s leading organizations trust CyberArk to help secure their most critical assets. To learn more about CyberArk, visit https://www.cyberark.com, read the CyberArk blogs or follow on LinkedIn, X, Facebook or YouTube.

Copyright © 2024 CyberArk Software. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241017218809/en/