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CyberArk Software Ltd. - CYBR STOCK NEWS

Welcome to our dedicated page for CyberArk Software Ltd. news (Ticker: CYBR), a resource for investors and traders seeking the latest updates and insights on CyberArk Software Ltd. stock.

CyberArk Software Ltd. (NASDAQ: CYBR) is a leading information technology security company specializing in protecting the heart of the enterprise from targeted cyber threats. For over a decade, CyberArk has been at the forefront of enterprise security, focusing on safeguarding privileged accounts, credentials, and secrets from malicious attacks.

CyberArk’s comprehensive suite of products includes Privileged Access Manager, Vendor Privileged Access Manager, Privileged Session Manager (PSM), Enterprise Password Vault (EPV), PrivateArk, and Privilege Cloud. These solutions are designed to prevent attackers from escalating their access and causing irreparable business harm.

The company is trusted by the world's leading organizations, including 40% of the Fortune 100, to protect their most valuable information assets, infrastructure, and applications. CyberArk has a strong presence across the globe, with significant revenue generated from the United States and notable operations in Europe, the Middle East, Africa, and other regions.

Recently, CyberArk has achieved several milestones, including expanding its product portfolio and forging strategic partnerships to enhance its security offerings. These initiatives underscore the company’s commitment to innovation and leadership in the cybersecurity landscape.

In an era where cyber threats are increasingly sophisticated and regulatory demands for stronger protection of privileged accounts are on the rise, CyberArk’s solutions are more relevant and critical than ever. The company’s mission is clear: to stop attacks before they can halt business operations and to help organizations stay ahead of potential threats.

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CyberArk (NASDAQ: CYBR), a leader in identity security, announced that India’s DCB Bank has implemented the CyberArk Identity Security Platform. This platform enhances productivity, strengthens identity security, and improves compliance and auditing capabilities.

DCB Bank, one of India’s new generation private sector banks with 442 branches, one million active customers, and over 10,000 employees, has chosen CyberArk to manage and protect credentials found in application code. This move aligns with the Reserve Bank of India's mandate for stronger cybersecurity safeguards due to increasing cyber threats.

The implementation includes CyberArk Secrets Management to rotate and manage credentials centrally and eliminate vault sprawl. DCB Bank aims to ensure sensitive customer information is protected while maintaining transaction integrity and business resiliency.

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CyberArk has announced that it will release its second quarter 2024 financial results on August 8, 2024, before the U.S. financial markets open. The results will be discussed during a conference call scheduled for the same day at 8:30 a.m. ET. Interested parties can join the call by dialing specific U.S. and international numbers or accessing a live webcast through the 'Investor Relations' section of CyberArk's website. A replay of the call will be available for one week. The conference ID for accessing both the live call and the replay is 6515982.

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CyberArk (NASDAQ: CYBR), a leader in identity security, has published its fourth annual Environmental, Social, and Governance (ESG) report. The report showcases CyberArk's commitment to governance, cybersecurity, culture, community, and environmental stewardship.

Key achievements include obtaining SOC 2 and SOC 3 certifications for eight SaaS services, enhancing risk management processes, achieving a 90% completion rate for their new Code of Conduct e-Learning course, and appointing Mary Yang to the Board of Directors. The company also reported an employee engagement score of 86% and verified its Scope 1 and 2 greenhouse gas emissions.

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CyberArk (NASDAQ: CYBR), a leader in identity security, has launched a new customer video series titled 'Fearlessly Forward.' This series delves into the human aspects of cybersecurity, focusing on the personnel who work tirelessly to protect organizations. The premiere episode features Aflac, a CyberArk customer since 2014, highlighting their collaborative efforts in safeguarding sensitive data. The series aims to underscore the complexities and challenges faced by cybersecurity professionals, especially in an era where identity-based breaches are increasingly common. Simon Mouyal, CMO of CyberArk, emphasizes the importance of these stories in showing the dedication and expertise required to fend off cyber threats.

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CyberArk (NASDAQ: CYBR), a leading identity security company, has been selected by IIFL Group, one of India's largest financial services conglomerates, to enhance cybersecurity measures for its developer endpoints. The CyberArk Identity Security Platform will help IIFL mitigate cyber risks, improve user experience, and streamline compliance reporting. IIFL Group, which employs over 30,000 people and serves more than seven million customers, faced issues with insecure developer endpoints and cumbersome compliance processes. The implementation of CyberArk's solutions will secure sensitive data, provide just-in-time access, and simplify compliance, thereby protecting the company's assets from potential threats.

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CyberArk (NASDAQ: CYBR) has announced the winners of its 2024 Identity Security Impact Awards during its annual conference, IMPACT 24. The awards recognize customers who have implemented innovative identity-centric cybersecurity programs. The winners include Carnival , Deutsche Lufthansa AG, and Albertsons. These organizations have successfully leveraged CyberArk's solutions to reduce cyber risks, drive digital transformation, and enhance business impacts. Additionally, CyberArk's IMPACT World Tour will take place in over 20 cities worldwide in 2024, featuring curated content and local speakers.

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CyberArk (NASDAQ: CYBR) has been selected by Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) to secure its cloud migration and manage sensitive access. Coca-Cola HBC, with over 33,000 employees in 29 markets, needed a partner to modernize their security approach. CyberArk's Identity Security Platform will provide centralized privileged access management for internal and external users, including multiple external vendors.

CyberArk was chosen for its best-in-class PAM capabilities, allowing Coca-Cola HBC to manage endpoints, workforce, and privilege access from a single platform. This decision aims to minimize risk and secure access across multiple geographies, optimizing Coca-Cola HBC's cybersecurity posture and supporting digital growth.

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CyberArk (NASDAQ: CYBR) announces enhancements to its Identity Security Platform at the CyberArk IMPACT 24 conference.

Driven by AI and Identity Threat Detection and Response (ITDR), the new features aim to secure identities across the workforce, IT, developers, and machines. Key upgrades include CyberArk CORA AI, enhanced password management, and zero standing privileges for IT users.

The platform now offers end-to-end passwordless authentication, granular access management, one-click secure resource access, and centralized secrets management. These updates aim to improve security efficiency and user experience.

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CyberArk, a leader in identity security, announced the launch of CyberArk CORA AI at its CyberArk IMPACT 24 conference. This AI-powered feature integrates into the CyberArk Identity Security Platform, transforming vast identity data into actionable insights. CORA AI enhances security by reducing the time to analyze identity anomalies from hours to minutes. It provides natural language recommendations for adjusting access policies, boosts productivity, and enhances all types of identity security. Key features include session analysis, secrets anomaly detection, automated policy creation, and real-time assistance via a chatbot. Currently in early availability, CORA AI is set to elevate the security outcomes for its users.

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CyberArk (NASDAQ: CYBR) has signed a definitive agreement to acquire Venafi, a leader in machine identity management, from Thoma Bravo for approximately $1.54 billion. This deal combines Venafi’s machine identity capabilities with CyberArk’s identity security platform, enhancing end-to-end machine identity security. The acquisition will expand CyberArk's total addressable market by nearly $10 billion, reaching approximately $60 billion. Venafi is expected to add $150 million in annual recurring revenue and immediately improve margins. The transaction is projected to close in the second half of 2024, pending regulatory approvals.

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FAQ

What is CyberArk Software Ltd.?

CyberArk Software Ltd. is a leading cybersecurity company that protects privileged accounts, credentials, and secrets against targeted cyber threats.

What products does CyberArk offer?

CyberArk offers a range of security solutions including Privileged Access Manager, Vendor Privileged Access Manager, Privileged Session Manager, Enterprise Password Vault, PrivateArk, and Privilege Cloud.

Who uses CyberArk's solutions?

CyberArk’s solutions are trusted by the world's leading companies, including 40% of the Fortune 100, to protect their highest-value information assets, infrastructure, and applications.

How long has CyberArk been in the cybersecurity market?

CyberArk has been leading the market in securing enterprises against cyber attacks for over a decade.

Where does CyberArk generate most of its revenue?

CyberArk generates maximum revenue from the United States but also has a significant presence in Europe, the Middle East, Africa, and other regions.

What is CyberArk’s main focus in terms of cybersecurity?

CyberArk focuses on stopping cyber attacks that exploit insider privileges and target the heart of the enterprise.

Why are CyberArk’s solutions essential for enterprises?

CyberArk’s solutions are essential because they help prevent attack escalation and irreparable business harm, especially as regulators demand stronger protection for privileged accounts.

What recent achievements has CyberArk made?

CyberArk has recently expanded its product portfolio and formed strategic partnerships to enhance its cybersecurity offerings.

What industries benefit from CyberArk's cybersecurity solutions?

While CyberArk's solutions are used across various industries, they are particularly crucial for large enterprises and organizations with critical infrastructure and valuable information assets.

How does CyberArk stay ahead of cyber threats?

CyberArk stays ahead of threats by continuously innovating its security solutions to detect and prevent attacks before they can disrupt business operations.

CyberArk Software Ltd.

Nasdaq:CYBR

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