TechValidate Research on CyberArk Products


CyberArk Case Study

Case Study: Large Enterprise Insurance Company

Introduction

This case study of Country Mutual Insurance Company, Inc. is based on an April 2018 survey of CyberArk customers by TechValidate, a 3rd-party research service.

“Working in the finance industry it is paramount that we as an organization protect privileged accounts that have access to customer PII. CyberArk has helped us to rotate credentials to privileged accounts and utilize strong passwords making it difficult for attackers to infiltrate and escalate privileges.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select CyberArk:

  • Resolved the following challenges after using CyberArk:
    • Balancing security with productivity
    • Securing credentials used by applications
    • Unmanaged or unaudited third-party / remote vendor access
    • IT admins having more privileges than they truly need
    • Too many endpoints with local administrator privileges
  • Adopted CyberArk’s privileged access security because of the following compelling business drivers:
    • Wanted to be better prepared for an audit
  • Selected a solution for privileged access security to:
    • Limit the exposure of privileged credentials
    • Enforce strong passwords, store them in an encrypted vault, and rotate them
    • Simplify audit and compliance requirements
    • Remove hard-coded credentials from applications and scripts, including applications built using DevOps methodologies

Use Case

The key features and functionalities of CyberArk that the surveyed company uses:

  • Uses CyberArk for the following:
    • Securing privileged credentials in a vault
    • Rotating credentials based on policies
    • Securing and rotating shared service accounts
    • Monitoring and recording privileged sessions
    • Securing credentials used by applications
    • Managing third-party / remote access
  • Managing the following types of privileged accounts, credentials, and secrets with CyberArk in the next 12 to 18 months:
    • Domain admin accounts
    • Microsoft Windows admin accounts
    • NIX admin accounts (UNIX and Linux)
    • Network device accounts
    • Database or application admin accounts
    • Local admin accounts on workstations
    • Application credentials
    • Service accounts

“CyberArk is an excellent resource for protecting and managing privileged accounts in the corporate environment.”

Results

The surveyed company achieved the following results with CyberArk:

  • Reports that since adopting CyberArk to manage their privileged accounts and credentials, they are now significantly more secure.
  • Reports that since adopting CyberArk to secure their privileged accounts and credentials, the time and cost of audit reporting has reduced.
  • Reports that with CyberArk, the time required to manage and maintain privileged account and credential security has reduced dramatically.




About This Data

This data was sourced directly from verified users of CyberArk Products by TechValidate.

TechValidate verifies the identity and organizational affiliation of all participants that contribute to published research data. When research participants so desire, we also guarantee their anonymity so that they may share information honestly and freely.


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