Login
iscover
Share this article on:
Powered by
MOMENTUM
MEDIA
Powered by MOMENTUMMEDIA
Global identity security leader CyberArk has announced its completion of Australia’s InfoSec Registered Assessors Program (IRAP), demonstrating the effectiveness of the company’s security controls.
The Israeli-based firm specialises in identity security and has a range of offerings, including its Identity Security platform, which “applies intelligent privilege controls to both human and machine identities with continuous threat prevention, detection and response across the identity life cycle”.
CyberArk announced that it completed the IRAP at the “protected” information classification level, which it said provides its clients and agencies interested in its services with the assurance that its storage, processing and transmission of information security controls meet Australian government standards.
“Evolving state-sponsored threats demand the highest levels of security for Australia’s public sector organisations and critical infrastructure,” said Peretz Regev, chief product and technology officer at CyberArk.
“As government agencies move to modernise operations and embrace cloud-first strategies, identity security must be a top priority.
“Completing the IRAP assessment assures that CyberArk’s SaaS offerings meet stringent national standards and are well-equipped to protect Australia’s most sensitive assets from identity-centric attacks.”
CyberArk was recently acquired by major US cyber security firm Palo Alto Networks in a US$25 billion deal.
In statements released last month (30 July), Palo Alto and CyberArk announced the deal, which would see the leading US cyber security firm exchange a mix of cash and shares to acquire CyberArk and the means to enter into the identity security space.
“Under the terms of the agreement, CyberArk shareholders will receive [US]$45.00 in cash and 2.2005 shares of Palo Alto Networks common stock for each CyberArk share. This represents an equity value of approximately [US]$25 billion for CyberArk,” a CyberArk statement said.
“This strategic combination will mark Palo Alto Networks’ formal entry into identity security, establishing it as a core pillar of the company’s multi-platform strategy.
“Combining CyberArk’s longstanding leadership in identity security and privileged access management (PAM) with Palo Alto Networks’ comprehensive AI-powered security platforms will extend privileged identity protection to all identity types, including human, machine, and the new wave of autonomous AI agents.”
Be the first to hear the latest developments in the cyber industry.
