Ep 8 - Seeing the Big Picture with Identity Security w/ Udi Mokady, Founder, Chairman and CEO of CyberArk
Aug 2, 2022
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Udi Mokady, Founder, Chairman, and CEO of CyberArk, delves into the fascinating world of identity security, where machine identities outnumber human ones by 45 times. He shares insights from the recent Impact Conference, emphasizing collaboration and innovative solutions in cybersecurity. The conversation uncovers rising challenges, spotlighting a ransomware attack on Costa Rica. Udi also discusses CyberArk's pivotal role in safeguarding businesses and the importance of proactive measures like zero trust in an evolving digital landscape, all while sharing a lighter note about guitar playing.
The dramatic increase of machine identities compared to human identities necessitates a shift towards identity-based security to mitigate risks.
Collaboration among organizations and technology partners is crucial for developing effective strategies against the evolving landscape of cybersecurity threats.
Deep dives
The Importance of Identity Security
The growing number of machine identities in comparison to human identities highlights the need for robust identity security. With 45 machine identities for every human identity, there exists a significant risk of breaches, particularly as 68% of these machine identities possess some level of sensitive access. This shift from perimeter security to identity-based security emphasizes that identities, both human and machine, are the new perimeter in cybersecurity. Organizations must adapt to this new landscape to effectively protect their sensitive resources and mitigate potential threats.
Insights from the Impact 2022 Conference
The recent Impact 2022 Conference showcased the evolving state of the cybersecurity industry, highlighting the hunger among participants for in-person interactions post-pandemic. There was a palpable excitement for reconnecting with customers and partners, emphasizing the importance of collaboration in addressing modern cybersecurity challenges. Attendees shared their experiences and insights on the necessity of updated security practices amidst rising cyber threats, underlining a collective recognition that traditional perimeter defenses are no longer sufficient. The event served as a vital platform for discussing the current trends and future direction of identity security.
The Evolution of CyberArk and Identity Security
CyberArk's journey from Privileged Access Management (PAM) to a broader identity security framework demonstrates its commitment to addressing the complexities of modern cybersecurity. This evolution is driven by customer demand for solutions that extend beyond privileged users to encompass all types of identities, including those of machines. The expansion to identity security positions CyberArk to play a critical role in managing the vast array of identities within an organization, ensuring both security and seamless access. By leveraging the company's foundational expertise in PAM, it aims to deliver intelligent control over user and machine identities, enhancing overall security resilience.
Collaboration in Combatting Cyber Threats
In today's cybersecurity landscape, collaboration and communication are essential for combating increasingly sophisticated threats. The experience of organizations in Costa Rica, facing severe ransomware attacks, emphasizes the need for a mature approach to cybersecurity that includes sharing best practices and fostering a sense of community. This collaborative spirit extends to partnerships with technology firms, which are important for creating a comprehensive security ecosystem. By working together, the cybersecurity industry can better identify emerging threats and develop proactive strategies to protect assets.
For every me or you, there are now 45 machine identities. That's 45 machine identities for every single human identity, according to the CyberArk 2022 Identity Security Threat Landscape Report. And 68% of those machine identities have some level of sensitive access. Attackers know this, and are doing their best to take advantage of those odds. Host David Puner sits down with Udi Mokady, Founder, Chairman and CEO of CyberArk, shortly after the wrap of the company’s Impact 2022 conference, for a talk about Identity Security – where CyberArk has been, where it's going – and a little about guitar playing too.
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