Product: Privileged Account Security Solution Developers: Udi Mokady, Alon Cohen Company: CyberArk Year of Foundation: 1999
Traditional cyber security was always about keeping the attackers out. However, while other technology companies were focusing on developing firewalls and other similar perimeter defenses, CyberArk identified a need for a critical layer of security – one that focused on protecting the sensitive data and assets on the inside of an organization.
In 1999, two high school friends and graduates of elite IDF technology units – Udi Mokady and Alon Cohen – joined forces to found CyberArk, a company with an innovative approach for combatting cyber threats. They realized that important as the protective external barriers may be, the real threat to a company lay in the vulnerability of its privileged accounts – which can allow complete access to, and control of, all parts of IT infrastructure, industrial control systems and critical business information. In the hands of an external attacker or malicious insider, privileged accounts allow attackers to disrupt business, steal confidential information or commit financial fraud.
CyberArk’s team of security engineers developed a technology known as the Digital Vault, which surrounds data with eight layers of security within an existing network perimeter, creating a central repository to share and store proprietary or confidential data. The Digital Vault is core to the CyberArk Privileged Account Security Solution, a critical layer of IT security to protect data, infrastructure and assets across the enterprise, in the cloud and throughout the DevOps pipeline.
Today, CyberArk remains the global leader in privileged account security and is trusted by thousands of the world’s leading organizations, including more than 50 percent of the Fortune 100.
In 2014, CyberArk successfully issued shares on the NASDAQ and was acclaimed as one of the most successful technology IPOs of the year.
CyberArk has received prestigious security industry awards including a 2017 SC Award for Best Identity Management Solution. In 2017, CyberArk acquired Conjur Inc., a Massachusetts-based provider of DevOps security software, for 42 million dollars. Today, CyberArk is a global company headquartered in Petach Tikva, Israel, with North American headquarters located in Massachusetts, U.S.A. The company has 1,000 employees in offices throughout the Americas, EMEA, Asia-Pacific and Japan.
