CyberArk announced that leading Indian bank DCB Bank Ltd. has chosen the CyberArk Identity Security Platform to augment productivity, strengthen identity security and further bolster compliance and auditing capabilities. Built for the dynamic enterprise, the CyberArk Identity Security Platform enables secure access for any identity ? human or machine ?

to any resource or environment from anywhere, using any device. DCB Bank Ltd. is one of India?s new generation private sector banks with 442 branches, one million active customers and over 10,000 employees. It uses new and innovative technologies to transform services delivery and customer experience as well as optimize operations.

Despite already having a robust cybersecurity architecture in place, DCB Bank understood the value of increasing its investment in identity security to meet the challenges of delivering automated customer interactions and personalized services for applications based either on-premises or in the cloud. Additionally, the Reserve Bank of India mandates that financial institutions strengthen their cybersecurity safeguards due to the increased frequency and complexity of cyberattacks. Specifically, the bank aimed to implement a comprehensive secrets management strategy to manage and protect credentials found in application code.

These are increasingly targeted by attackers looking to compromise financial services organizations. The bank worked with CyberArk to implement CyberArk Secrets Management, part of the CyberArk Identity Security Platform, to centrally rotate and manage credentials, eliminate vault sprawl and dovetail with existing developer workflows. DCB Bank is also evaluating additional components under the CyberArk Identity Security Platform so that it can build a consistent, single platform for application secrets and to manage privileged access for internal and external IT users, developers and applications.