CyberArk Achieves FedRAMP High Authorization
Portfolio Pulse from Happy Mohamed
CyberArk (NASDAQ:CYBR), an identity security company, announced that its SaaS offerings, CyberArk Endpoint Privilege Manager and CyberArk Workforce Identity, have achieved FedRAMP High authorization. This status enables CyberArk to support federal agencies and public sector organizations in securing access to applications, protecting distributed workforces, and accelerating cloud innovation based on Zero Trust principles. The authorization aligns with the government's Cloud Smart strategies and Zero Trust compliance, emphasizing CyberArk's commitment to enhancing public sector cybersecurity.
March 19, 2024 | 12:28 pm
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CyberArk's achievement of FedRAMP High authorization for its SaaS offerings positions the company as a key player in public sector cybersecurity, potentially increasing its attractiveness to federal agencies and public sector organizations.
The FedRAMP High authorization is a significant achievement that demonstrates CyberArk's compliance with high-level security standards required for handling sensitive, unclassified data in cloud environments. This authorization not only enhances CyberArk's reputation in the cybersecurity domain but also opens up new opportunities for the company to engage with federal agencies and public sector organizations looking to adopt Cloud Smart strategies based on Zero Trust principles. The direct mention of CyberArk and the emphasis on its commitment to public sector cybersecurity suggest a positive impact on the company's stock in the short term, as it may lead to increased demand for its services.
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IMPORTANCE 90
RELEVANCE 100