What is the primary purpose of CyberArk Privileged Account Security?

The primary purpose of CyberArk Privileged Account Security is to secure, manage, control, and monitor activities associated with privileged accounts. Privileged accounts have elevated permissions that allow their users to access sensitive systems and information, making them prime targets for security threats. CyberArk provides facilities to safeguard these accounts by enforcing strong password policies, rotating passwords, and achieving control over access to critical resources.

By managing these privileged accounts effectively, organizations can limit the risk posed by insider threats and external attackers who might attempt to exploit these accounts. Moreover, monitoring activities related to privileged accounts helps in auditing and compliance, allowing organizations to track who accessed what resources and when. This level of control and visibility is crucial in maintaining a strong security posture in any organization.

The other options do not address the specific focus and functionality of CyberArk. Managing employee performance, enhancing general data encryption, or reducing IT costs aren’t direct objectives of CyberArk’s core offerings in privileged access management. Therefore, the focus on securing and controlling privileged accounts is what underlines the importance of the CyberArk platform.