Cyber-Ark Intros Password Solution

DEDHAM, Mass. -- Cyber-Ark® Software, the information security software company that develops and markets Digital Vaults for securing and managing privileged passwords and highly-sensitive information, today announced the release of the latest edition of its flagship product, Enterprise Password Vault version 4.0. EPV 4.0 delivers a wide array of vital capabilities designed from the ground up for IT Professionals who focus on securing, managing, updating and logging all Privileged Passwords throughout an enterprise, whether these shared, administrative or super-user passwords exist in routers, servers, databases, workstations or applications. With EPV 4.0, enterprises gain power features related to functionality, ease-of-use and overall enterprise-readiness, all backed by the ICSA-validated security that has made EPV the industry’s leader.

“The need for Enterprise Password Vault has never been greater,” said Udi Mokady, founder and President of Cyber-Ark. “Companies understand that mismanagement of privileged passwords is a very serious security risk that must be addressed. We are also seeing that privileged password management is now an important security requirement and part of IT security best practices across all market verticals. We are thrilled that our Enterprise Password Vault has become the de-facto standard and product of choice in the fast-growing market of privileged password management.”

Cyber-Ark’s Enterprise Password Vault is uniquely positioned to eliminate one of today’s biggest IT security risks and compliance challenges: the mismanagement of privileged user accounts and passwords, which may result in costly outages, lost business, legal liability and or audit deficiencies. Privileged passwords are the non-personal, shared passwords that exist in virtually every device or software application in an enterprise, such as root on a UNIX server, Administrator on a Windows workstation, Cisco Enable on a Cisco device and any application account used to connect to databases.

“Cyber-Ark is fulfilling a pressing need in the market for the extension of secure identity management solutions,” said Sally Hudson, research manager for IDC’s Security Services and Identity Management Products program. “Cyber-Ark’s latest release of Enterprise Password Vault is designed to provide a safe haven where all privileged users' passwords can be securely archived, transferred, shared, and managed by authorized users. This technology will allow enterprise organizations to significantly enhance overall security – both from an internal and external perspective.”

Cyber-Ark Software Ltd.