Technology

CyberArk Beats Out Peers for Homeland Security Award

Chris Lange

Published: December 16, 2015 10:20 am

Last Updated: January 13, 2020 4:02 pm

CyberArk Software Ltd. (NASDAQ: CYBR) is one of the top-performing cybersecurity firms in 2015, having beat out the likes of FireEye Inc. (NASDAQ: FEYE) and Fortinet Inc. (NASDAQ: FTNT). To add fuel to the fire, the company announced that it was named a winner in the 2015 GSN Homeland Security Awards in two categories: Best Privileged Access Management Solution and Best Continuous Monitoring and Mitigation System.

The CyberArk Privileged Account Security Solution identifies existing privileged credentials across networks, makes sure those credentials are locked down and secure, and uses continuous monitoring of privileged account credentials to detect anomalous behavior and stop an attack early in the cycle.

The CyberArk Privileged Account Security Solution also helps government organizations prevent the theft, abuse and misuse of privileged credentials in advanced cyber attacks, while better containing threats and limiting damage. CyberArk is the only vendor that has achieved common criteria certification for a comprehensive privileged account security solution.

John Worrall, chief marketing officer of CyberArk, said:

The Federal government and its agencies have long been the target of cyber attacks. The U.S. Office of Personnel Management (OPM) breach was a clear signal for a new security approach that presumes attackers have already breached the perimeter, and reinforces the need for a layer of security that protects the network from the inside out. These awards highlight CyberArk’s commitment to helping Federal and state agencies identify privileged credential vulnerabilities and mitigate the risk of a potential OPM-style network compromise.

Shares of CyberArk were up more than 3% at $42.90 Wednesday morning, with a consensus analyst price target of $57.62 and a 52-week trading range of $33.00 to $76.35.