Cyberark Software Ltd (NASDAQ:CYBR) announced it was recently awarded another patent (U.S. Patent 9,386,044) by the U.S. Patent and Trademark Office for innovative security risk detection technology. This patent follows a previously granted patent (U.S. Patent 9,185,136) and demonstrates CyberArk’s expertise in detecting the risks that make cyber attacks possible in organizational networks.
The patent for correlation-based security risk identification covers methods and systems to map risks arising from credentials, especially privileged credentials, present on machines in the network that, once compromised, enable attackers to access and compromise other machines in the network.
CyberArk has implemented this innovative technology in the CyberArk Discovery and Audit (DNA) tool. CyberArk DNA is a valuable tool for security practitioners to quantify privileged account security-related risks and gain visibility into the vulnerable attack surface that exists within enterprise environments.
Once compromised by an attacker, privileged credentials can enable lateral movement to other machines in the network. Using CyberArk DNA, organizations can identify specific security risks, such as those associated with Pass-the-Ticket and Pass-the-Hash attacks, and visualize how attackers could abuse credentials and associated access rights to operate in the network.
CyberArk DNA is a free tool that enables organizations to complete risk assessment audits to:
- Discover where privileged accounts exist on their networks;
- Clearly assess privileged account security risks;
- Identify privileged credentials including SSH keys, embedded and hard-coded credentials, and password hashes;
- Collect reliable and comprehensive audit information to better lock down these powerful accounts and secure their networks.
“CyberArk continues to make strong investments in product research and development, with this latest patent reinforcing the importance of innovation for detecting risks and potential abuse of privileged credentials,” saidAndrey Dulkin, director of cyber innovation at CyberArk Labs. “Incorporating these technologies into CyberArk DNA has a direct impact on helping organizations understand the risks associated with unmanaged credentials, with risk mapping as an important first step to establishing a proactive privileged account security program.”
Research by CyberArk Labs found that, on average, 40 percent of network machines can provide cyber attackers with credentials enabling them to start an attack that could compromise an organization’s entire network. To learn more, download the associated report, “Analyzing Real-World Exposure to Windows Credential Theft Attacks.” (Original Source)
Shares of CyberArk Software closed yesterday at $51.84, down $0.74 or -1.41%. CYBR has a 1-year high of $59.28 and a 1-year low of $31.50. The stock’s 50-day moving average is $54.68 and its 200-day moving average is $46.57.
On the ratings front, CYBR stock has been the subject of a number of recent research reports. In a report issued on September 6, Nomura analyst Frederick Grieb reiterated a Buy rating on CYBR, with a price target of $62, which implies an upside of 20% from current levels. Separately, on August 15, Goldman Sachs’ Gabriela Borges downgraded the stock to Hold and has a price target of $58.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Frederick Grieb and Gabriela Borges have a total average return of 10.3% and 6.8% respectively. Grieb has a success rate of 67% and is ranked #242 out of 4163 analysts, while Borges has a success rate of 80% and is ranked #1573.
Overall, 3 research analysts have assigned a Hold rating and 9 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $61.83 which is 19.3% above where the stock closed yesterday.
CyberArk Software Ltd. engages in the development, market, and sale of software based security solutions for enterprise. Its offers shared technology platform, account security, and sensitive information management solutions.