CyberArk Identity Access Management solutions will be managed in an India-based data center, joining other Software-as-a-Service (SaaS) services such as CyberArk Privileged Access Manager and CyberArk Endpoint Privilege Manager that are already hosted in the nation.
The local presence complements CyberArk's growing investment in India, including a 90-person R&D team in Hyderabad. The new hosted services will help businesses comply with local data sovereignty regulations, such as those imposed by the Department of Telecommunications (DOT), the Reserve Bank of India (RBI), and the Securities Exchange Board of India (SEBI) (SEBI).
Increased connections between people, systems, and processes have created a massive number of digital identities due to digital transformation. The average employee has more than 30 digital identities, according to the CyberArk 2022 Identity Security Threat Landscape Report, and machine identities outnumber human identities by 45 times. Because these identities frequently have access to sensitive data and assets, leaving them unmanaged and unsecured poses a serious cybersecurity risk.
"Our new India-hosted services align with our commitment to helping organisations here avoid the compromise of identities and abuse of privileged credentials that so often allow a breach to become more severe. In addition, with our India-based R&D team focused on driving innovation, we will continue to deliver the industry's most comprehensive Identity Security solutions to the Indian market," said Rohan Vaidya, regional director, India at CyberArk.
In India, CyberArk has developed its customer base and adopted major vertical industries, including banking and financial services, telecommunications, IT & Information Technology Enabled Services (ITES), manufacturing, and fast-moving consumer goods during the last five years (FMCG). CyberArk technologies also assist in protecting the vital infrastructure that cannot afford to be down. To suit the changing needs of its customers, CyberArk works closely with an expanding partner ecosystem that includes systems integrators, regional value-added resellers, cloud and managed service providers, strategic outsourcers, advisors, and distributors.
CyberArk is the world's leading provider of privileged access management. It is a vital layer of IT security that protects data, infrastructure, and assets across the business, the cloud, and the DevOps pipeline. CyberArk provides the most comprehensive solution in the industry for reducing the risk posed by privileged credentials and secrets. As a result, the company is trusted to protect against external attacks and harmful insiders by the world's largest organizations, including more than half of the Fortune 500.
CyberArk invented the market and continues to be the market leader in protecting businesses from cyber attacks hiding insider access to target crucial business assets. Only CyberArk today offers a new category of targeted security solutions that enable executives to stop responding to cyber-attacks and go ahead of them, avoiding attack escalation before irreversible business impact occurs.