CyberArk Products Case Study: Large Enterprise Bank Holding Company

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CyberArk Case Study

Case Study: Large Enterprise Bank Holding Company

Introduction

This case study of a large enterprise banking 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.

“Eliminating the ability for intruders to move laterally through the environment in the event of a breach is critical in reducing data loss. Using CyberArk to harden the most critical credentials in the organization helps us to enforce stronger layered security.”

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
- 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:
- Initiated a proactive security project
- Wanted to be better prepared for an audit
- Were driven by a board-level or executive mandate
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
- Secure third-party access
- Secure infrastructure and assets in the cloud

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
- Monitoring and recording privileged sessions
- Securing credentials used by applications
Managing the following types of privileged accounts, credentials, and secrets with CyberArk in the next 12 to 18 months:
- 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)
- SaaS accounts (Microsoft Office 365, Salesforce, Box, Concur)
- Local admin accounts on workstations
- Service accounts
Plans to integrate the following tools with CyberArk within the next 18 months:
- Authentication (DUO or OKTA, RSA)
- The cloud (Amazon Web Services, Microsoft Azure, Google Cloud Platform)
- Identity and access (Sailpoint, RSA)
- Robotic process automation (BluePrism, UI path)
- SIEM (Splunk, Fortinet, LogRhythm)

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.

TechValidate Research on CyberArk Products

Case Study: Large Enterprise Bank Holding Company

Introduction

Challenges

Use Case

Results

Company Profile

About CyberArk

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