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Share Name | Share Symbol | Market | Type |
---|---|---|---|
CyberArk Software Ltd | NASDAQ:CYBR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.67 | 1.63% | 229.25 | 223.50 | 283.50 | 229.73 | 223.407 | 226.96 | 557,459 | 05:00:05 |
CyberArk (NASDAQ: CYBR), the identity security company, today released a new global research report that shows how siloed approaches to securing human and machine identities are driving identity-based attacks across enterprises and their ecosystems. The CyberArk 2024 Identity Security Threat Landscape Report provides unique perspectives on how Artificial Intelligence (AI) boosts cyber defenses as well as attacker capabilities; increases the pace at which identities are created in new and complex environments; and highlights the scale of identity-related breaches affecting organizations.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240516898054/en/
The CyberArk Identity Security Threat Landscape 2024 Report (Graphic: Business Wire)
Cyber Risk Rises as Machine Identity Security Treated Differently to Humans
While the quantity of both human and machine identities is growing quickly, the report found that security professionals rate machines as the riskiest identity type. In part due to widespread adoption of multi-cloud strategies and growing utilization of AI-related programs like Large Language Models, machine identities are being created in vast numbers. Many of these identities require sensitive or privileged access. However, contrary to how human access to sensitive data is managed, machine identities often lack identity security controls, and therefore represent a widespread and potent threat vector ready to be exploited.
Widespread Use of AI to Battle AI and Complacency Takes Hold
Consistent with our 2023 report, the 2024 Threat Landscape Report found that nearly all (99%) of organizations are using AI in cybersecurity defense initiatives. Furthermore, the report predicts an increase in the volume and sophistication of identity-related attacks, as skilled and unskilled bad actors also increase their capabilities, including AI-powered malware and phishing. In related findings, counter to expectations, the majority of respondents are confident that deepfakes targeting their organization won’t fool their employees.
“Digital initiatives to drive organizations forward inevitably create a plethora of human and machine identities, many of which have sensitive access and all of which must have identity security controls applied to them in order to guard against identity-centric breaches,” said Matt Cohen, chief executive officer, CyberArk. “The report shows that identity breaches have affected nearly all organizations - multiple times in nearly all cases – and demonstrates that siloed, legacy solutions are ineffective at solving today’s problems. To stay ahead a paradigm shift is required, where resilience is built around a new cybersecurity model that places identity security at its core.”
Read the full report for further insight on what is behind human and machine identity growth, where related cyber risk lies and how AI is being used in cyber defenses. The report also details the consequences firms are facing from identity-centric cyber breaches and recommends methods of ensuring security practices keep up with wider organizational initiatives to reduce cybersecurity debt.
About the Report
The CyberArk 2024 Identity Security Threat Landscape Report was conducted across private and public sector organizations of 500 employees and above. It was conducted by market researchers Vanson Bourne amongst 2,400 cybersecurity decision makers. Respondents were based in Brazil, Canada, Mexico, US, France, Germany, Italy, the Netherlands, Spain, UK, UAE, Australia, India, Hong Kong, Israel, Japan, Singapore and Taiwan.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240516898054/en/
Media: Carissa Ryan Press@cyberark.com
Investors: Erica Smith IR@cyberark.com
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