RBL Finserve Protects Growing Number of Identities In Multi-Cloud Environment with CyberArk

Business Wire 4-Sep-2024 8:26 AM

Intelligent privileged controls enable RBL Finserve to enforce least privilege policies, monitor privileged sessions and detect and respond to threats in near real-time

CyberArk (NASDAQ:CYBR), the identity security company, today announced that one of India's leading financial institutions, RBL Finserve, has chosen the CyberArk Identity Security Platform to boost cyber resilience, safeguard customer data and ensure business continuity in the face of a rapidly evolving threat landscape.

Through a network of over 1000 branches, RBL Finserve provides financial services for millions of customers, with an especially strong presence in economically vulnerable communities. Its increased reliance on third-party services, cloud computing and remote work meant that perimeter-based cybersecurity was no longer a viable model to protect a growing number of identities. The security team was also determined to boost its ability to guard against password leaks.

RBL Finserve implemented the CyberArk Identity Security Platform built on zero trust principles to protect credentials and manage privileged accounts. Specifically, it implemented CyberArk Privileged Access Manager and CyberArk Workforce Identity. The company is now able to manage IT administrators' privileged access by isolating and monitoring sessions while continuously rotating credentials. RBL Finserve also consolidated on the CyberArk Single Sign-On (SSO) and Adaptive Multifactor Authentication (MFA) as an essential part of its foundation planning to expand intelligent privilege controls across all human identities that access its systems, including third-party vendors.

S K Mohanty, Chief Information Officer at RBL Finserve, said: "The CyberArk Identity Security Platform has enabled RBL Finserve to integrate a security-first mindset into its digital transformation initiatives. We have attained a new benchmark for digital trust and safety, reinforcing the values the RBL Finserve brand is built on."

Rohan Vaidya, Area Vice President, South Asian Association for Regional Cooperation & India, CyberArk said: "We are honored to be chosen by RBL Finserve to bolster their identity security. RBL Finserve uses CyberArk's intelligent privilege controls to protect customer data as well as the systems and processes that serve millions of households and businesses."

To read more about CyberArk's work with RBL Finserve, please visit: https://www.cyberark.com/customer-stories/rbl-finserve/

About CyberArk

CyberArk (NASDAQ: CYBR) is the global leader in identity security. Centered on intelligent privilege controls, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud environments and throughout the DevOps lifecycle. The world's leading organizations trust CyberArk to help secure their most critical assets. To learn more about CyberArk, visit https://www.cyberark.com, read the CyberArk blogs or follow on LinkedIn, X, Facebook or YouTube.

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