Privileged account security and access management provider, CyberArk, announced in a company press release the launch of its AI-powered service labeled CyberArk Cloud Entitlements Manager.
The AI-powered service has been designed with the aim to strengthen the security of cloud environments through continuous monitoring of cloud access which allows for the removal of excessive cloud permissions that can leave businesses vulnerable to cybersecurity risks and threats.
Chen Bitan, chief product officer at CyberArk commented on the risks cloud adoption brings and how its AI-powered service can help customers by saying: “Cloud adoption has massively accelerated, but as new environments and cloud services are deployed, thousands of identity-based permissions are created – many of which go overlooked. If not properly configured or managed, these identities create a pathway for attackers to gain privileged access and ultimately compromise an entire cloud environment. CyberArk Cloud Entitlements Manager helps organizations take back control of cloud security by transforming how these permissions are secured and managed while also delivering unprecedented time to value and operational efficiency.”
Cloud is increasingly being adopted as businesses and individuals adapt to the digital economy that was accelerated by COVID-19, which brings with it risks and threats to the misuse of companies and individuals’ private data.
As a result, businesses across various sectors have increased investment into the cloud either through investment or acquisitions in a bid to better serve customers and improve their business efficiency.
Examples include Zix acquiring CloudAlly, a cloud-based backup and recovery provider, Eagle Eye Networks raising $40m to transform video surveillance by combining cloud and AI, and BAE Systems Applied Intelligence announcing it will build its financial compliance solutions on AWS Cloud.
The privileged account security and access management provider highlighted in the press release that as businesses scale cloud deployments and adopt advanced services with the goal to digitally transform their business, the creation of human application and machine identities is also accelerating.
They go on to explain how access permissions for these identities are often granted by default, based on group or role, and can go unused or have more entitlements than they actually need.
Israeli-headquartered CyberArk claims that it’s trusted to protect against external attackers and malicious insiders with its various products, services, and solutions by more than 50 percent of the Fortune 500.
The companies e-book, Trends in Identity and Access Management: Cloud-driven Identities, found that over-permissioned accounts and roles are the top-cited cloud service misconfiguration detected while overly permissive privileges are the most commonly cited type of cybersecurity attack against cloud applications and services experienced in the last 12 months.
The privileged account security and access management provider commented on how its new AI-powered starts with zero trust and uses AI to understand the context and intent in order to assess risk and take appropriate actions.
The company claims that in under an hour its AI-powered service can be configured, provide an assessment of exposure levels, and deploy granular remediations.
Customers using the cloud-agnostic service can expect it to continuously detect hidden, misconfigured, and unused cloud permissions opening the potential to increased security through a consistent approach.
The privileged account security and access management provider explained how cloud, security, and identity and access management teams using the service can expect to have increased productivity thanks to the ‘simple, intuitive’ user experience.
The AI-powered service uses a centralised dashboard with a single view of permissions with the aim for customers to have clear understandings of various environments it offers through its marketplace that include AWS, Amazon EKS, Google Cloud Platform, and Microsoft Azure.
The new AI-powered service by the privileged account security and access management provider is available for customers to use today with a variety of solutions and products that CyberArk offer.
