Sydney, AUSTRALIA โ September 7, 2023ย โย CyberArkย (NASDAQ:ย CYBR), theย identity securityย company, today announced details of its new Artificial Intelligence Center of Excellence. Drawing upon years of utilising artificial intelligence (AI) and machine learning (ML) technology across theย CyberArk Identity Security Platform, CyberArk is expanding R&D and product development resources to advance the use of generative AI to improve security for its more than 8,000 customers worldwide.
According to the recently-published CyberArk 2023ย Identity Security Threat Landscape Report, 93% of security professionals surveyed expect AI-enabled threats to affect their organisation in 2023, with AI-powered malware cited as the #1 concern.ย
The Center of Excellence works in close collaboration withย CyberArk Labs, which has been researching theย impact of generative AI on attacker innovationย to help evolve AI-powered defenses. With a team of data scientists, software architects and engineers, the Center of Excellence is first exploring opportunities to embed AI into existing CyberArk products. Meanwhile, CyberArk continues to execute on a comprehensive long-term roadmap that builds upon its AI foundation and commitment to innovation.
CyberArk has already demonstrated the strategic value of AI/ML to improve identity security threat detection and response within the CyberArk Identity Security Platform. CyberArk recently announced new AI-powered policy creation automation, combining its privileged access management expertise and comprehensive least privilege toolsets to automatically process the data collected byย CyberArk Endpoint Privilege Managerย for immediate risk reduction.
CyberArk is working to harness AI/ML to transform identity security approaches in several ways, including:
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Supporting identity risk analysis, risk reduction plans and other recommendations
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Simplifying various user-intensive tasks through automation
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Allowing users to interact with the system using natural language, easy access to documentation and more
โThe establishment of our AI Center of Excellence is a natural progression of our product strategy. The time is right to expand our efforts now, especially as we continue to see evidence of generative AI boosting productivity on both sides of the cybersecurity equation โ for attackers and defenders,โ said Peretz Regev, chief product officer, CyberArk. โOne of our goals is to better enable customers to utilise in-product AI-based capabilities to create advantages for their defensive strategies. We see great potential for AI and its ability to influence use cases associated with areas like policy optimisation, risk reduction and threat detection.โ
About CyberArk
CyberArkย (NASDAQ:ย CYBR) is the global leader in identity security. Centered onย intelligent privilege controls, CyberArk provides the most comprehensive security offering for any identity โ human or machine โ across business applications, distributed workforces, hybrid cloud environments and throughout the DevOps lifecycle. The worldโs leading organisations trust CyberArk to help secure their most critical assets. To learn more about CyberArk, visitย https://www.cyberark.com, read theย CyberArk blogsย or follow onย LinkedIn,ย Twitter,ย Facebookย orย YouTube.
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