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CyberArk Software. has filed a patent for methods, systems, and computer-readable storage media for utilizing a network identity. The technology involves encrypting and storing data elements mapped to a network identity, authenticating the identity, and enabling actions on resources based on the encrypted data. GlobalData’s report on CyberArk Software gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on CyberArk Software, Automation system authentication was a key innovation area identified from patents. CyberArk Software's grant share as of January 2024 was 56%. Grant share is based on the ratio of number of grants to total number of patents.

Network identity encryption and authentication for resource access

Source: United States Patent and Trademark Office (USPTO). Credit: CyberArk Software Ltd

The patent application (Publication Number: US20230403138A1) describes a computer-readable medium and a computer-implemented method for performing operations using a network identity. The operations include obtaining, encrypting, storing, receiving requests, authenticating, decrypting, and performing actions on a resource. The encryption process involves using an encryption key to encrypt a data element, which is then mapped to the network identity. The authentication of the network identity is done independently of the action and the resource, using standard fields of an existing protocol. The decrypted data element is used to perform the requested action on the resource.

Furthermore, the patent application also includes an authentication system comprising memory devices storing processor-executable instructions and processors configured to execute these instructions. The system performs similar operations as described in the computer-readable medium and method, involving encryption, storage, authentication, decryption, and action performance based on the network identity. The use of standard fields of the existing protocol for authentication ensures the security and performance of the system, with the decrypted data element being associated with the requested action. This innovative approach to network identity operations aims to enhance security and efficiency in performing actions on resources distinct from the network identity.

To know more about GlobalData’s detailed insights on CyberArk Software, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.