Latest news with #identitysecurity
Forbes
6 hours ago
- Business
- Forbes
Identity Security: Overcoming Challenges And Embracing Innovation
Bojan Simic is the Cofounder and CEO of HYPR, a provider of passwordless MFA and identity assurance solutions. Current identity security strategies are inadequate. My company's survey of 750 global IT security decision makers in January found that only about half of organizations avoided a breach last year, with 87% of incidents rising from basic identity vulnerabilities, such as misused credentials and verification gaps, necessitating a reevaluation of security approaches. To combat modern threats such as social engineering, deepfakes and impersonation, organizations must shift from traditional methods, adopt innovative solutions and redefine trust in identity security. However, challenges may impede progress. Reimagining Identity Security: Overcoming Persistent Challenges Enhancing identity security is now a crucial priority that demands strategic insight and collaboration across industries. Organizations face ongoing challenges, like outdated authentication methods and new threats from generative AI. Despite the significant barriers to robust identity security, the potential for innovation is equally strong. These pain points highlight a mix of challenges and opportunities for progress: 1. The Stubborn Legacy of Passwords: For decades, the cost of password-related breaches and the persistent inconvenience they impose have exposed them as a fundamental security failure. As a primary driver of security incidents, their continued reliance is inexcusable. 2. Misinterpreting Zero Trust: Zero trust is more than a buzzword—it represents a paradigm shift. Many organizations fail to understand that it is not just about acquiring new tools or branding a new security strategy. It involves rethinking how we establish trust in today's digital age. 3. Balancing Security And User Experience: Too often, security measures compromise usability. When security feels burdensome, users are less likely to adopt it effectively. The goal must be to implement robust defenses that integrate seamlessly into the user experience. 4. Phishing's Enduring Threat: Phishing attacks persist, regardless of how advanced defenses become. Human error and weak credentials remain the most common means by which attackers gain access. 5. The Checkbox Mentality: Security is more than a compliance exercise. It requires a genuine commitment to reducing risk. A checkbox mentality leads to vulnerabilities and fosters a false sense of protection. Absolute security demands a proactive, ongoing effort that embraces best practices such as passwordless authentication and zero-trust strategies. 6. Complexity In Cybersecurity Tools: The cybersecurity market has been saturated with tools that promise the world, yet often lead to frustration. If a tool is not intuitive and difficult to implement, it will not be used effectively. Organizations require straightforward solutions that facilitate deployment and management while delivering enterprise-grade security. 7. Supply Chain Vulnerabilities: Recent high-profile software supply chain attacks highlight the interconnected nature of risks. The Lazarus Group used malicious npm packages to steal credentials and cryptocurrency wallet data, and to install backdoors. Attackers also uploaded counterfeit Python packages mimicking legitimate ChatGPT tools to deceive developers and exploit the popularity of AI development. As an industry, we must advocate for greater transparency and more robust security measures from vendors to guarantee that technology is thoroughly vetted and founded on trusted standards. 8. Shifting From Reactive To Proactive Security: Organizations often spend excessive time reacting to rather than preventing threats. 9. Bridging The Cybersecurity Skills Gap: The cybersecurity talent shortage is well-known. While not an overnight solution, developing accessible and intuitive technologies for users and administrators enables teams to focus on what matters most. 10. Challenging The Status Quo: Lastly, one of the greatest frustrations is the resistance to change. In cybersecurity, clinging to outdated practices only exacerbates vulnerabilities. Organizations must embrace innovation and challenge established norms to reap the benefits of meaningful progress. The Identity Renaissance Because of the challenges above, companies are starting to awaken to the need for the Identity Renaissance, a term coined by my company, HYPR, to signify the growing and crucial shift in thinking more deeply about identity security. This movement emphasizes embracing modern, phishing-resistant authentication and prioritizing securing workforce access as a strategic imperative. This means taking decisive actions, including: 1. Implementing An Identity-First Security Model: Identity assurance should be foundational. Phishing-resistant authentication should replace weak fallback methods to safeguard workforce access. 2. Fixing Onboarding Processes: Manual identity checks and document-based verifications are vulnerable to errors. AI-driven identity verification can enhance security while eliminating unnecessary friction. 3. Eliminating Legacy Authentication: Passwords and fragmented security systems create inefficiencies. Companies must prioritize secure, scalable alternatives, such as FIDO passkeys. 4. Unifying Physical And Digital Access: Separate physical entry from digital authentication creates vulnerabilities. Smart credentials streamline access across devices, applications and locations, providing seamless integration. 5. Aligning Security Across Teams: Identity security is not just an IT issue; it impacts HR, security and identity teams. Collaboration and leadership support are crucial to a strong security culture. This is more than a technological shift; it's a movement towards lasting security, resilience and digital trust. Industry leaders must standardize phishing-resistant authentication, improve interoperability and ensure that identity solutions are accessible to all businesses. Brands must treat identity security as a central pillar of their enterprise strategy, not just a compliance requirement. By embracing a zero-trust mindset, simplifying onboarding and aligning security with usability, businesses can create authentication frameworks that are seamless and resilient. Those who take bold steps in AI-driven identity verification, eliminate weak fallback methods and unify access will secure their systems and redefine digital trust. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
Yahoo
3 days ago
- Business
- Yahoo
BMO Raises SailPoint (SAIL) Price Target, Maintains Outperform Rating
SailPoint, Inc.(NASDAQ:SAIL) is one of . BMO Capital has raised its price target on SailPoint, Inc.(NASDAQ:SAIL) to $27 from $26, maintaining an Outperform rating following the company's stronger-than-expected first-quarter results. The firm noted that SailPoint delivered upside across all key top-line metrics, reflecting solid execution and continued demand for its identity security solutions. Despite the beat, management raised its full-year 2026 annual recurring revenue (ARR) guidance by a slightly smaller margin than the quarterly outperformance. A cybersecurity expert monitoring the security of the company's assets, emphasizing the importance of data protection. Still, BMO views the updated outlook as a sign of confidence and disciplined forecasting. The firm emphasized that SailPoint remains well-positioned to capture long-term growth, particularly as enterprises expand their digital environments and adopt more complex identity frameworks. A growing area of interest, according to BMO, is SailPoint's role in addressing security for machine identities and AI-driven agents—a trend expected to gain momentum in coming years. As businesses deploy artificial intelligence to automate processes, the need to secure non-human access points will become critical. SailPoint's platform, which already supports complex identity governance at scale, is considered one of the few capable of meeting this evolving demand. BMO's upward price target revision reflects its view that SailPoint, Inc.(NASDAQ:SAIL) is emerging as a key player in the future of identity security. With strong fundamentals and a clear strategic roadmap, the firm believes SailPoint is well situated to benefit from increased enterprise focus on secure, intelligent access control. While we acknowledge the potential of SAIL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAIL and that has 100x upside potential, check out our report about this cheapest AI NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and . Disclosure: None.
Yahoo
3 days ago
- Business
- Yahoo
DA Davidson Raises CyberArk (CYBR) Price Target, Maintains Buy Rating
CyberArk Software Ltd. (NASDAQ:CYBR) is one of CyberArk Software Ltd. (NASDAQ:CYBR) received a vote of confidence from DA Davidson, as analyst Rudy Kessinger raised the firm's price target on the cybersecurity firm to $465 from $435 while maintaining a Buy rating. The upward revision follows a group investor call hosted with CyberArk's Chief Financial Officer, where management's tone appeared upbeat despite the backdrop of a typically back-end loaded quarter. A data center with a repetetive design of computer servers, showing the companies' efficient and secure IT infrastructure. Kessinger noted that with three weeks remaining in the current reporting period, CyberArk's leadership did not indicate any signs of macroeconomic weakness impacting performance. According to his note to clients, the company appears to be executing well and remains on track with its financial and operational goals. The lack of caution from management was seen as particularly encouraging, given broader uncertainty in the software and cybersecurity sectors. CyberArk Software Ltd. (NASDAQ:CYBR), known for its leadership in identity security and privileged access management, has continued to see strong demand for its solutions as enterprises invest in infrastructure to defend against increasingly sophisticated threats. The company's transition to a subscription-based model has also gained traction, contributing to more predictable revenue growth and long-term customer relationships. DA Davidson's revised price target reflects growing confidence in CyberArk's market position and execution capabilities. Kessinger's outlook reinforces the company as a top pick in cybersecurity, with fundamentals that appear well-aligned for continued strength heading into the second half of the year. While we acknowledge the potential of CYBR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CYBR and that has 100x upside potential, check out our report about this cheapest AI NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
24-06-2025
- Business
- Globe and Mail
CyberArk's Machine Identity Push: Is Venafi the Game Changer?
CyberArk CYBR is gaining traction in the fast-growing machine identity market. CyberArk's acquisition of Venafi, a leader in machine identity management, is emerging as a key growth catalyst. In the first quarter of fiscal 2025, Venafi was included in nine of CyberArk's top 10 deals. This reinforces Venafi's position as a key cross-sell driver within CyberArk's identity security platform. Early traction is evident in notable wins. A Fortune 100 financial services firm, which is a long-time CyberArk customer on the human identity side, expanded into certificate lifecycle management and Public Key Infrastructure (PKI) offerings with a competitive multi-six-figure Annual Contract Value (ACV) deal. Another notable win includes PDS Health, a customer with CyberArk since 2019. The healthcare support organisation expanded on the machine identity side by deploying all of Venafi's Certificate Manager and Zero Touch PKI in a six-figure ACV deal during the first quarter. During the first quarter, management noted that machine identities now outnumber human identities by more than 80 to 1, which is up from a 45:1 ratio just a year ago. This makes machine identities one of the largest and fastest-growing attack surfaces in enterprise IT. With Venafi, CyberArk is addressing these challenges through end-to-end machine identity security, focused on visibility, governance and control. When the acquisition closed in late 2024, CyberArk estimated that Venafi would expand its total addressable market by $10 billion to approximately $60 billion. As cloud complexity grows and machine identities continue to outnumber humans, Venafi appears well-positioned to become a foundational pillar in CyberArk's platform-led growth strategy. How Competitors Fare Against CYBR CrowdStrike CRWD and Palo Alto Networks PANW are also evolving their platforms to meet enterprise security demands. CrowdStrike is another established player in the identity security space, providing unified, real-time protection across cloud, identity and endpoint. CrowdStrike is enhancing its identity security platform with the implementation of AI copilots like Charlotte AI and agentic AI solutions like Charlotte AI Agentic Workflows. Palo Alto Networks is doubling down on its platformization strategy. In the third quarter of fiscal 2025, PANW closed more than 90 net new platform deals. Moreover, the number of customers platformized on Cortex was up nearly three times, reflecting strong momentum with Palo Alto Networks' Extended Security Intelligence and Automation Management or XSIAM security operation platform. CYBR's Price Performance, Valuation and Estimates Shares of CyberArk have gained 19.4% year to date compared with the Zacks Security industry's growth of 20.2%. CYBR YTD Price Performance From a valuation standpoint, CYBR trades at a forward price-to-sales ratio of 13.16, below the industry's 14.5. CYBR Forward 12-Month P/S Ratio The Zacks Consensus Estimate for CYBR's 2025 and 2026 earnings implies a year-over-year increase of 25.74% and 25.72%, respectively. The estimates for 2025 and 2026 have been revised downward over the past seven days. CyberArk currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report CrowdStrike (CRWD): Free Stock Analysis Report
Yahoo
20-06-2025
- Business
- Yahoo
Zilla's Early Wins: Can it Accelerate CyberArk's Expansion?
CyberArk CYBR continues to scale its identity security platform. During the first quarter of fiscal 2025, the company reported Annual Recurring Revenues (ARR) of $1.215 billion and net new ARR of $46 million. A new contributor to this growth is Zilla Security, an identity governance company, which was acquired by CyberArk in February 2025 to broaden its identity security the first quarter, CyberArk highlighted early traction from its acquisition of Zilla Security. Zilla contributed approximately $5 million in ARR, including securing a six-figure new logo win in financial services. The main highlight of the deal was that the customer displaced its legacy identity governance and administration (IGA) vendor to deploy Zilla. The company noted that the customer feedback on Zilla has been overwhelmingly positive, particularly around simplifying access reviews and automating provisioning across modern expands CyberArk's identity security platform with artificial intelligence (AI)-powered IGA capabilities. With enhanced capabilities, CyberArk is now able to deliver scalable automation that enables accelerated identity compliance and provisioning across digital capabilities are made available as standalone offerings. The offerings include Zilla Comply for access reviews and Zilla Provisioning that automates onboarding, role transitions, and offboarding through an AI-driven approach. These offerings are now becoming a key part of CyberArk's broader identity security platform. Although Zilla is still in its early days, CyberArk expects Zilla to contribute more meaningfully to the sales cycle in the second half of 2025 and into 2026. Palo Alto Networks PANW and Zscaler ZS are also evolving their platforms to meet enterprise security Alto Networks is doubling down on its platformization strategy. In the third quarter of fiscal 2025, PANW closed more than 90 net new platform deals. Moreover, the number of customers platformized on Cortex was up nearly three times, reflecting strong momentum with Palo Alto Networks' Extended Security Intelligence and Automation Management or XSIAM security operation platform. Additionally, the number of customers with multiple platformizations grew nearly 70% year over year. Zscaler continues to expand its Zero Trust Exchange platform. In the third quarter of fiscal 2025, Zscaler reported ARR of $2.9 billion, up 23% year over year. Zscaler's Zero Trust Everywhere, Data Security Everywhere, and Agentic Operations are becoming its main growth engine. Together, these innovative categories are approaching $1 billion in ARR and are growing faster than Zscaler's total ARR growth. Shares of CyberArk have gained 16.6% year to date compared with the Zacks Security industry's growth of 21.3%. Image Source: Zacks Investment Research From a valuation standpoint, CYBR trades at a forward price-to-sales ratio of 13.37, below the industry's 14.65. Image Source: Zacks Investment Research The Zacks Consensus Estimate for CYBR's 2025 and 2026 earnings implies a year-over-year increase of 25.74% and 25.72%, respectively. The estimates for 2025 and 2026 have been revised downward over the past 7 days, respectively. Image Source: Zacks Investment Research CyberArk currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report Zscaler, Inc. (ZS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
