[March 25, 2015]

CyberArk Addresses Least Privilege and Infrastructure Integrity at Federal Agencies

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 white paper that addresses the three critical areas of least privilege control for federal agencies moving to Phase 2 of the Continuous Diagnostics and Mitigation (CDM) program. The paper, which can be downloaded for free, is in response to a Request for Information issued by the U.S. General Services Administration (GSA (News - Alert)).

The CDM program, initiated by the U.S. Dept. of Homeland Security, provides federal agencies with guidance on improving the cyber security of their networks. Phase 2 of the program, called Least Privilege and Infrastructure Integrity, ensures that the principle of least privilege, which limits user access to the minimal level that will allow normal functioning, is enforced on networks. The CyberArk white paper provides federal agencies with guidance on the three key areas of least privilege and the solutions that address the most common privileged account vulnerabilities.

"Unsecured privileged accounts represent the largest security vulnerability government organizations face today. In the hands of an external attacker or malicious insider, privileged accounts allow attackers to take full control of an organization's IT infrastructure, disable security controls, steal confidential information, commit fraud and disrupt operations," said John Worrall, Chief Marketing Officer, CyberArk. "Enforcing the principle of least privilege outlined in the CDM program is an important step for federal agencies to take to harden their systems and protect against cyber attacks."

Three Key Areas of Least Privilege

The CyberArk white paper outlines the three most critical areas of least privilege enforcement outlined in Phase 2 of the CDM program and how federal agencies can comply:

• Manage Security-Related Behavior: To secure against intentional and unintentional actions that inflict damage, federal agencies need to employ expert privileged account security intelligence that can identify prevously undetected anomalous privileged account and user behavior.
• Manage Credentials and Authentication: To reduce the loss of confidentiality, integrity and availability of data through credential exploitation, federal agencies need to secure, manage, and track the use of all privileged credentials - these accounts provide broad access to all applications, systems and devices. Agencies must secure these credentials across all of their forms, including privileged credentials and passwords, SSH keys, and hard-coded and embedded passwords. Agencies must also secure these accounts regardless of location: on premise, in the cloud, across operating systems, databases, application, network devices and other systems.
• Manage Account Access/Manage Privileges: To minimize the loss of data through poor account management, agencies need to ensure that users granted access to privileged accounts receive only the level of clearance needed for their specific job. Native OS such as Microsoft (News - Alert) and Unix cannot delegate privileges and authority with sufficient granularity.

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, read the company blog, http://www.cyberark.com/blog follow on Twitter @CyberArk or Facebook (News - Alert) at https://www.facebook.com/CyberArk.

Forward-Looking Statements

This release may contain forward-looking statements, which express the current beliefs and expectations of our management. Such statements involve a number of known and unknown risks and uncertainties that could cause our 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; our failure to effectively manage our growth; fluctuations in our quarterly results of operations; real or perceived shortcomings, defects or vulnerabilities in our solution or the failure of our solution to meet customers' needs; our 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 final prospectus for our initial public offering filed with the Securities and Exchange Commission on September 24, 2014. 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 we undertake 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 Ltd. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.

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