Press release

CyberArk and CNA Introduce First-of-its-Kind Cybersecurity Insurance Offering that Prioritizes Privileged Access Security

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Sponsored by Businesswire

CyberArk
(NASDAQ: CYBR)
and CNA,
one of the largest U.S. commercial property and casualty insurance
companies, today introduced the first cybersecurity insurance offering
that prioritizes privileged
access security
to reduce business risk.

CNA selected CyberArk to provide its policyholders with access to a
range of world-class services that will improve education and awareness
about privileged access-related risk. This includes tools to identify
where the riskiest accounts and credentials exist within an organization
and guidance for prioritizing protection and management of privileged
access to improve
security
and compliance.

“The costs of data breaches caused by malicious attackers, human error
or simple technology glitches have never been higher,” said Andrew Lea,
vice president, head of Commercial E&O, Cyber & Media Liability, CNA.
“We understand that privileged access security significantly reduces
risk, and we want to make sure CNA policyholders have access to the best
services and technology the industry has to offer. CyberArk is an
industry leader in privileged access security and offers a depth of
experience and expertise that will deliver great value to our
policyholders.”

The program begins with a complimentary CyberArk
Privileged Access Security Assessment
, which identifies current
privileged access security risk posture and enables organizations to
understand how they compare to industry peers. Once an evaluation
is completed, CNA policyholders have access to a range of additional
privileged access-related services including:

  • Discovery and Audit (DNA Workshop): A review of organizational
    requirements and drivers to identify objectives, success criteria,
    priorities and use cases of a privileged access security solution.
    With CyberArk, customers will conduct an in-depth review of critical
    controls and timelines using recommended CyberArk frameworks and tools
    such as the CyberArk
    Privileged Access Security Cyber Hygiene Program
    and Discovery
    and Audit (DNA) tool
    .
  • CyberArk Red Team Tools, Tactics and Procedures (TTP): An
    engagement with the CyberArk
    Red Team
    will educate organizations on the common techniques
    utilized by attackers to compromise security controls and put
    companies at significant risk. Security teams will receive the
    hands-on experience they need to understand popular attack techniques
    and defense strategies.
  • CyberArk Security Services Intensive: Gain the building blocks
    for developing or accelerating an effective privileged access security
    program with implementation planning, architecture design and
    consulting.

“Global organizations understand that in order to reduce the most
business risk, they must prioritize privileged access security as a
long-term program,” said Adam Bosnian, executive vice president, global
business development, CyberArk. “This first-of-its-kind program will
deliver superior education and training to improve overall cybersecurity
awareness, and give CNA policyholders the tools they need to prioritize
privileged access security in ways that are quantifiable and compliance
driven.”

The CyberArk Privileged Access Security Assessment

Created by CyberArk, the Privileged Access Security Assessment
systematically addresses organizations’ privileged access security risk
and directs them toward actions that will yield the greatest improvement
in their overall privileged access security posture. Evaluations are
based on seven critical areas such as protecting against irreversible
network takeover and securing application credentials. A customized risk
score enables the organization to benchmark their privileged access
security maturity against peers using a reference group defined by
industry, employee count, annual revenue and region. This detailed,
comparative analysis also provides remediation guidance based on
CyberArk’s market-leading experience, allowing organizations to best
optimize their time and resources on processes that reduce the most
privileged access security risk. To learn more, visit https://www.cyberark.com/cyberark-privileged-access-security-assessment-tool/.

About CyberArk
CyberArk (NASDAQ: CYBR)
is the global leader in privileged access security, a critical layer of
IT security to protect data, infrastructure and assets across the
enterprise, in the cloud and throughout the DevOps pipeline. CyberArk
delivers the industry’s most complete solution to reduce risk created by
privileged credentials and secrets. The company is trusted by the
world’s leading organizations, including more than 50 percent of the
Fortune 500, to protect against external attackers and malicious
insiders. A global company, CyberArk is headquartered in Petach Tikva,
Israel, with U.S. headquarters located in Newton, Mass. The company also
has offices throughout the Americas, EMEA, Asia Pacific and Japan. To
learn more about CyberArk, visit www.cyberark.com,
read the CyberArk
blogs
 or follow on Twitter via @CyberArkLinkedIn or Facebook.

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other brand names, product names, or trademarks belong to their
respective holders.