CyberArk Privileged Access Manager ROI
I don't have much access to the facts and figures surrounding ROI, but I would reckon that with the Zero Trust risk strategy that we have, the product does match some of our key challenges. For one, we have the vault solution, so the passwords are safe up there. And then we have brokering in place for some of the key platforms, so I would say that these positives, along with our strategy and roadmap, will decide the fate of the future of CyberArk within the organization.
Our program realized the total ROI after the implementation of policy-based automated password change management, which resulted in a significant reduction in man-hours required to conduct password change management (PCM) on a multitude of network elements.
View full review »Our annual support costs are offset by the reduced labor costs within the SOCC environment, as the product has automated most of the password change management procedures, allowing labor to be focused on other topics.
View full review »Buyer's Guide
CyberArk Privileged Access Manager
April 2024
Learn what your peers think about CyberArk Privileged Access Manager. Get advice and tips from experienced pros sharing their opinions. Updated: April 2024.
768,578 professionals have used our research since 2012.
RB
Rohan Basu
IT Manager at a tech services company with 10,001+ employees
I saw a return on investment from using CyberArk Privileged Access Manager. It's a good privilege access management solution and identity and access management solution as a whole. It's a really good product.
The solution was definitely implemented because it saves you time and money, for example, access management and privileged access management are now automated when in the past, those processes were done manually. The new feature CyberArk DNA was also given free of charge, so that DNA tool can scan the environment for all the vulnerable accounts for password hash attacks, for accounts where the passwords were not changed. That definitely saves time, because that type of scanning would be very difficult for someone to do manually, and the report that comes out of that scan is very objective.
View full review »I'm not in the loop to be able to answer to ROI.
View full review »Our main technical task was to reduce security risks, which we accomplished with CyberArk.
View full review »JA
reviewer1706796
Security Lead at a insurance company with 1,001-5,000 employees
If you ask me the ROI, I'm not sure I could give you an exact number. Security tools are pretty tricky when it comes to that. But if you're adopting a risk-based approach, this substantially reduces risk. It brought a lot of visibility and allowed us to monitor all of our privileged users, so it is valuable from the perspective of KPI, modern solutions, and risk reduction. If we were to score this on an internal risk review, our previous risk would rank four out of five, and we've lowered this to a low severity risk.
View full review »FD
reviewer2139282
Senior Security Consultant at a computer software company with 5,001-10,000 employees
The ROI for CyberArk PAM is difficult to measure because the benefit is a reduction in risk. If CyberArk can eliminate most of the customer's security risks, then it's worth what they paid.
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KunalChandel
Corporate Vice President at a insurance company with 10,001+ employees
The total cost of ownership, over credentials, is definitely something that goes down if you have a vaulting system. But if you have deployed it correctly, that's the only time you can get that. We've definitely seen some improvements. There are additional costs associated with getting every application onboarded, but in the long run, it keeps the company secure and I don't think you can put a price on that.
View full review »DK
Dharmendra Kumar
Manager at a financial services firm with 1,001-5,000 employees
From a technology perspective, CyberArk Privileged Access Manager has helped us to improve our services. It helped us to meet our requirements or guidelines. Whether it's audit perspective, internal, or external, whatever the guideline is, it meets our needs. If there are any independent agencies that need to be involved we meet those requirements.
View full review »The ROI depends upon a company's capability to maximize the usage of this application. If you buy something, it is your responsibility to use it at an optimal level.
View full review »Our ROI is currently being looked at.
View full review »DH
Dan Hines
Senior Technologist at a retailer with 1,001-5,000 employees
It keeps us from getting dinged by the compliance officers. Keeps us in compliance.
View full review »MK
Mateusz Kordeusz
IT Manager at a financial services firm with 1,001-5,000 employees
We have not seen ROI directly in money. However, we have seen ROI in quality. It increases security in our IT environment and provides the highest SLA for our systems.
CyberArk PAM helps save us time when it comes to onboarding new employees and providing them secure access to SaaS apps and IT systems. It is saving us about two to three days per new employee.
View full review »RK
Rahsaan Knights
Information Security Analyst III at a healthcare company with 10,001+ employees
We have accomplished our security goals. We have two-factor authenticated and vaulted our important accounts, so people can't just steal stuff from us. That is pretty important. We are protecting ourselves the right way.
View full review »SY
Song Ye
Senior System Engineer at a transportation company with 10,001+ employees
There is a lot of return of our investment related to SOX compliance.
View full review »YP
reviewer1384200
Threat Protection Architect at a consumer goods company with 10,001+ employees
Not calculated. Users and administrators more happy than before which is the best RIO.
View full review »CF
reviewer1786770
Principal Information Security Engineer/Lead Active Directory Architect at a healthcare company with 10,001+ employees
We have seen a return on investment. The solution makes our procedures better, making the environment more secure and changing the mindset of people.
AP
Ashish Pandey
Technical Manager at Tech Mahindra Limited
Eventually, the licensing cost benefit doesn't happen or maximize the customer's profit.
View full review »JM
Je’rid Mccormick
Lead Automation Developer at COUNTRY Financial
For the time saved and security added, the benefit far outweighs the cost.
View full review »JM
Je’rid Mccormick
Lead Automation Developer at COUNTRY Financial
It has started new projects at our organization. So, we can see where our current landscape is for our privileged accounts, then we try to make them more secure.
View full review »We have seen ROI with the tool’s use.
View full review »We are still rolling out in our environment which makes the ROI difficult to calculate.
View full review »SP
Sack Pephirom
Senior Security Engineer at a financial services firm with 1,001-5,000 employees
One of the processes that we have defined is called a Fire ID process, where to be able to get a Fire ID. It requires a user to call the help desk. The help desk will create a ticket, then contact the employee's managers to get approval, and then provide them with an account. That process, in some cases, can take hours.
With CyberArk, it allows us to streamline and create a workflow which allows them to automatically log into CyberArk, grab the credentials that they want, and it automatically sends their approval to their manager, who can click a couple buttons, approve, and the user is able to get their credentials. That process went from hours to now just minutes.
View full review »CH
Informatf452
Information security engineer/ business owner
The biggest return on investment would be the security itself. I've seen ethical hackers that attempted to infiltrate a component or a department in the agency and they were stopped at the gate. They tried every which way they could and they just couldn't get the passwords they needed to get to the elevated accounts to get to where they wanted to go. So it was just great to see CyberArk in action.
View full review »KR
Identity1647
Identity and Access Management Engineer at a energy/utilities company with 10,001+ employees
I don't know if anyone has done a true number analysis, but we do see the following:
- The amount of time that people used to spend maintaining credentials;
- The amount of time that used to be utilized for audit purposes and who had which accounts at any point in time.
There is ROI on the actions above because the amount of time that it took to do these tasks has been significantly cut.
View full review »We have received a high ROI using CyberArk Privileged Access Manager.
View full review »DR
ITSecurif9a7
IT Security at a manufacturing company with 10,001+ employees
The ROI on this is just being able to rotate on a 365 day schedule the passwords.
View full review »MU
CyberA26c
CyberArk Consultant at a hospitality company with 10,001+ employees
Technically, just managing all those privileged accounts and securing our environment, we feel it is much more secure than it was before. So the ROI it is definitely working out.
View full review »NR
Securitye790
Security Architect at a healthcare company with 10,001+ employees
The first year that we were standing up CyberArk, our organization did an annual pen testing. In one of our organizations, where we didn't have CyberArk deployed yet, they were able to escalate privileges and get all the way to a domain controller, and go all the way that an attacker would be able to. The next year that they did their annual pen testing, after we had deployed in that same region, they basically got stopped almost immediately, and they were never able to escalate their privileges. We stopped the pen test in their tracks because of the solution being in place.
While that may not have a dollar amount because it was just a test, it gives us a lot of peace of mind. Of course, we can't always say that it is impossible for somebody to get in. Someone is going to eventually get in, that is bound to happen. Knowing that we have the solution in place and reducing that threat landscape as much as we have, has been phenomenal for us, at least from an intrinsic value standpoint.
View full review »EG
Eli Galindo
Data Security Analyst II at a financial services firm with 5,001-10,000 employees
Not applicable.
View full review »TK
Tanmay Kaushal
Cyber Security Consultant at a tech services company with 10,001+ employees
Learning, keep involve yourself in learning. This is best ROI you will get.
View full review »BW
SystemsA2327
Systems Admin II at a transportation company with 5,001-10,000 employees
With reducing the privileged account access, there has been a huge improvement. They are now bringing more accounts on a little at a time.
View full review »AM
reviewer1757271
Product Owner at a tech services company with 1,001-5,000 employees
There is a lot of return on investment in CyberArk. Being a financial institution, we are responsible for managing risks, and CyberArk really helps us to be in control with the usage of NPAs. That, in turn, translates into a proper risk score for the organization, and that directly translates into actual money being saved.
View full review »SN
Director051a
Director Information Security at a insurance company with 501-1,000 employees
We now know where our privileged accounts are and how to manage them. So, it is more from an exposure standpoint.
View full review »KE
Kevin Elwell
Security Analyst at a retailer with 10,001+ employees
I don't know that we are able to measure that at this point, other than no data breaches.
View full review »BA
BridgitAmstrup
Cyber Security Manager at a hospitality company with 10,001+ employees
The return of investment for the CyberArk implementation within our organization has come from the reduction of risk. That is a little tricky to quantify, but it's definitely there.
We have improved our processes in terms of efficiency when it comes to creating accounts, managing the privileged ones and providing the correct access at the right time.
View full review »MS
Technica06b9
Technical consultant at a healthcare company with 1,001-5,000 employees
It's very hard to quantify because previously we didn't have anything like this. You can imagine, there was a policy not to rotate the passwords, but now after implementing CyberArk, every two weeks we are rotating the password without business impact, so that is the biggest ROI, even though we cannot quantify it.
View full review »MW
SeniorSeca1c
Senior server administrator at a financial services firm with 1,001-5,000 employees
The amount of time that the security team spends mitigating risk has gone down. The amount of time that the server team spends managing security issues, mitigating security issues, has gone down tremendously.
View full review »DD
reviewer990873
Information Security Engineer at a international affairs institute with 1,001-5,000 employees
We haven't yet calculated the ROI.
View full review »MM
ITSecuri6676
IT Security Analyst at a mining and metals company with 10,001+ employees
I can't say we have an ROI. Our CIO is not about measuring profit from our security stuff. Our risk is definitely significantly lower. Also, our resources are low.
View full review »BB
MasterSo7490
Master software engineer at a financial services firm with 10,001+ employees
I'm not the right person to answer questions about ROI for our organization.
View full review »Buyer's Guide
CyberArk Privileged Access Manager
April 2024
Learn what your peers think about CyberArk Privileged Access Manager. Get advice and tips from experienced pros sharing their opinions. Updated: April 2024.
768,578 professionals have used our research since 2012.