Cyberark Software Ltd Stock Price, News & Analysis

CyberArk (NASDAQ: CYBR) has announced Identity Bridge, a new endpoint identity security capability designed to modernize authentication for Linux machines. This solution enables organizations to use centralized accounts for Linux system authentication, reducing dependency on traditional methods.

The new capability addresses key challenges in Linux identity management by offering integration with both Active Directory and modern cloud Identity Providers, while supporting phishing-resistant multi-factor authentication and passwordless capabilities. Identity Bridge provides three main benefits: accelerated IAM modernization, simplified identity management, and seamless integration with CyberArk Secure Infrastructure Access.

The solution works with CyberArk's privileged access management tools to enable continuous authentication and Just-In-Time access, allowing customers to implement centralized authentication and least privilege policies through a single agent and management console.

CyberArk (NASDAQ: CYBR) announced a new integration between its Privileged Access Manager (PAM) and Microsoft Defender for Identity, creating a unified view of identity security landscapes for enhanced threat response. The integration combines PAM's privileged access controls with Defender for Identity's cloud-based security capabilities, enabling organizations to better protect on-premises identities from advanced threats.

This collaboration provides enhanced privileged access control, monitoring capabilities, and streamlined workflows. Security Operations Center (SOC) and Identity teams will benefit from improved investigative capabilities, including faster threat-hunting, more accurate attack path identification, and comprehensive remediation options. The integration allows organizations to maximize their existing investments while simplifying identity protection across on-premises and multi-cloud environments.

DAIKYO, a major Japanese real estate company, has implemented the CyberArk Identity Security Platform to manage privileged access across its hybrid cloud and legacy environments. The company's Information Systems Department, supporting over 10,000 employees across DAIKYO and its seven subsidiaries, has shifted from a perimeter-based security approach to a holistic strategy focused on identity security and Zero Trust.

DAIKYO implemented CyberArk Privilege Cloud, a SaaS Privileged Access Management solution, to apply intelligent privilege controls and secure access to 200 target systems. The solution automates privileged credential rotation and session management, eliminates manual administrative tasks, and aligns with DAIKYO's cloud-first digital transformation strategy. The implementation has resulted in substantial time savings on manual IT tasks and improved incident response capabilities.

CyberArk (NASDAQ: CYBR), the global leader in identity security, has announced its schedule to report fourth quarter and year end 2024 financial results. The announcement will take place before U.S. financial markets open on Thursday, February 13, 2025.

The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the financial results and business outlook. Investors can access the call via phone using the numbers +1 (888) 330-2455 (U.S.) or +1 (240) 789-2717 (international) with conference ID 6515982. A live webcast will be available through the company's Investor Relations website section.

A one-week replay will be available after the call at +1 (800) 770-2030 (U.S.) or +1 (609) 800-9909 (international) using pass code 6515982. The webcast will also be archived on CyberArk's website.

Venafi, a CyberArk company, released its research report on cloud native security, revealing significant security challenges in 2024. The study, surveying 800 security and IT decision-makers across major markets, found that 86% of organizations experienced cloud native-related security incidents in the past year.

Key impacts include: 53% faced application launch delays, 45% suffered service outages, and 30% encountered unauthorized access issues. The report highlights that 88% of security leaders identify machine identities, particularly access tokens and service accounts, as prime targets for future attacks. Additionally, 77% of leaders believe AI poisoning will emerge as a new supply chain attack vector, while 68% note ongoing tensions between security professionals and developers.

CyberArk (NASDAQ: CYBR) has launched FuzzyAI, an open-source framework designed to test and identify vulnerabilities in AI models. The tool has successfully jailbroken every major AI model tested, helping organizations address security challenges in both cloud-hosted and in-house AI implementations.

FuzzyAI features comprehensive fuzzing capabilities to probe AI models for vulnerabilities, including guardrail bypassing, information leakage, and harmful output generation. The framework is extensible, allowing organizations to add custom attack methods, and benefits from community collaboration for continuous improvement.

The tool will be available as open-source software on CyberArk Labs' GitHub Page from December 11, 2024, with a demonstration planned at Black Hat Europe Arsenal through a Capture The Flag event.

CyberArk (NASDAQ: CYBR) announced that its Workforce Identity component has achieved FIDO2 certification from the FIDO Alliance, validating its secure authentication standards. The certification ensures enhanced security, interoperability with other FIDO-certified solutions, and compliance with industry standards.

The FIDO Alliance aims to reduce reliance on passwords by promoting standardized authentication technologies. This certification comes as the U.S. Federal Reserve supports stronger authentication technologies like FIDO, moving away from phishing-prone MFA methods. CyberArk Workforce Identity Security enables Zero Trust and least privilege access management, providing secure access to resources with intelligent privilege controls.

CyberArk has announced a secondary public offering of 1,142,538 ordinary shares by Triton Seller, LP, an affiliate of Thoma Bravo funds. The offering is related to shares issued during CyberArk's acquisition of Venafi. BofA Securities is acting as the sole underwriter and book-running manager. The last reported share price was $327.57 on December 5, 2024.

The selling shareholder will receive all proceeds from the offering, with CyberArk not receiving any proceeds. The offering is being made through an effective shelf registration statement filed with the SEC on October 22, 2024.

CyberArk (NASDAQ: CYBR) has released new research highlighting security risks posed by employee behaviors. The study surveyed 14,003 employees across six countries and revealed that:

• 80% access workplace applications from personal devices lacking security controls.
• 40% habitually download customer data, and over 30% can alter sensitive data or approve large transactions.
• 49% reuse login credentials across multiple applications, while 52% have shared confidential information externally.
• 65% bypass cybersecurity policies for convenience.
• 72% use AI tools, but 38% do not follow guidelines for handling sensitive data.

Additional research from CyberArk Labs shows that individual browsing history can be exploited by attackers, increasing organizational risks. The findings emphasize the need for robust identity security programs with dynamic privilege controls.