CyberArk Products Case Study: Global 500 Insurance Company

TechValidate Customer Research Library / CyberArk Products / Case Studies /

CyberArk Case Study

Case Study: Global 500 Insurance Company

Introduction

This case study of a Global 500 insurance company is based on an April 2018 survey of CyberArk customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“Privileged accounts are the keys to the kingdom. They need to be kept secure and passwords rotated on a regular basis to make it harder for attackers.”

“CyberArk is very easy to work with and has done a good job with the support of the product.”

Challenges

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

Resolved the following challenges after using CyberArk:
- Rampant password reuse across multiple accounts
- Securing credentials used by applications
- Too many endpoints with local administrator privileges
- Changing root password on large number of unix\linux servers
Adopted CyberArk’s privileged access security because of the following compelling business drivers:
- Initiated a proactive security project
- Wanted to be better prepared for an audit
Selected a solution for privileged access security to:
- Enforce strong passwords, store them in an encrypted vault, and rotate them
- 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
- Securing credentials used by applications
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)
- Database or application admin accounts
- Cloud admin consoles for IaaS or PaaS (Amazon Web Services, Microsoft Azure, Google Cloud, OpenShift, Pivotal Cloud Foundry)
- Local admin accounts on workstations
- Application credentials
- Service accounts
- SSH keys
Plans to integrate the following tools with CyberArk within the next 18 months:
- Authentication (DUO or OKTA, RSA)
- Identity and access (Sailpoint, RSA)
- Robotic process automation (BluePrism, UI path)

“CyberArk is very easy to work with and has done a good job with the support of the product.”

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 much more secure.
Reports that since adopting CyberArk to secure their privileged accounts and credentials, the time and cost of audit reporting has reduced a lot.
Reports that with CyberArk, the time required to manage and maintain privileged account and credential security has reduced.

TechValidate Research on CyberArk Products

Case Study: Global 500 Insurance Company

Introduction

Challenges

Use Case

Results

Company Profile

About CyberArk

About This Data