In the context of CyberArk, what does the term 'discovery' refer to?

The term 'discovery' in the context of CyberArk specifically refers to the process of identifying privileged accounts and their associated credentials within an organization. This is a critical step in privileged access management, as it helps organizations ascertain which accounts exist, what permissions they hold, and their associated credentials. By conducting a thorough discovery process, organizations can gain visibility into their privileged accounts, assess potential risks, and take appropriate measures to secure those accounts.

The discovery process is fundamental for effective risk management because it enables organizations to map out their privileged access landscape. This involves scanning the network and systems to find all accounts that have elevated privileges, which is essential for maintaining security and compliance.

Other options focus on different aspects of identity and access management. Creating privileged accounts pertains to account lifecycle management but does not encompass identification. Onboarding new users is related to user management rather than the discovery of existing accounts. Similarly, auditing user activities focuses on monitoring and logging actions taken by users, which is a separate function from discovering and identifying accounts. Thus, the emphasis on identifying existing privileged accounts makes this option the correct choice.