AI News, CrowdStrike Holdings, Inc. artificial intelligence


In 2012, Shawn Henry, a former Federal Bureau of Investigation (FBI) executive who led both the FBI's criminal and cyber divisions, was hired to lead sister company CrowdStrike Services, Inc., which focused on proactive and incident response services.[10]

CrowdStrike also uncovered the activities of Energetic Bear, an adversary group connected to the Russian Federation that conducted intelligence operations against global targets, primarily in the energy sector.

After the public Sony Pictures hack, CrowdStrike produced evidence implicating the government of North Korea within 48 hours, and demonstrated how the attack was carried out.[14]

In 2014, CrowdStrike played a major role in identifying members of Putter Panda, the state-sponsored Chinese group also known as PLA Unit 61486, as the perpetrators of a number of cyberattacks on U.S. infrastructure and defense, as well as on European satellite and aerospace industries.[15][16]

In October 2015, CrowdStrike announced that it had identified Chinese hackers attacking technology and pharmaceutical companies immediately before and after President Barack Obama and Chinese President Xi Jinping publicly agreed not to use cyber-spies to conduct economic espionage against the other.

The company also compiled data on the average time needed to detect an attack and the percentage of attacks detected by organizations themselves.[23]

In February 2018, CrowdStrike reported that in November and December 2017 it had observed a credential harvesting operation in the international sporting sector, with possible links to the cyber attack on the opening ceremonies of the Winter Olympics in Pyeongchang.[30]

In January 2019, CrowdStrike published research reporting that Ryuk ransomware, used by cyber actor Grim Spider to target businesses, had accumulated more than $3.7 million in cryptocurrency payments since it first appeared in August.[33]

Also in 2019, CrowdStrike released its 2018 Global Threat Report, which ranked cybercriminals in order of fastest actors to operate within a network, with Russia coming in first.[34][35]

The company also revealed that it tracked 81 named state-sponsored actors in 2018, and at least 28 were conducting active operations throughout the year.

On March 20, 2017 during testimony before congress, James Comey stated 'CrowdStrike, Mandiant, and ThreatConnect review[ed] the evidence of the hack and conclude[d] with high certainty that it was the work of APT 28 and APT 29 who are known to be Russian intelligence services.'[48]

Here's what Wall Street thinks about CrowdStrike, an unprofitable cybersecurity firm that raised more than $600 million in its June IPO (CRWD)

Shaul Eyal, a senior analyst at Oppenheimer, cited CrowdStrike's superior technology and ability to leverage artificial intelligence and machine learnings as major drivers for his outperform rating and $90 price target.

'Focusing on the core endpoint market, the industry is in the midst of a major transition from legacy antivirus to more robust behavioral-based, next-gen platforms, whereCrowdStrikeshines with itssuperior machine learning, threatintelligence, lightweight agent, and a 100% cloud-based architecture.'

team of analysts at RBC Capital Markets led by Matthew Hedberg predict that CrowdStrike's total-addressable market could grow to $29.3 billion by 2021, and is currently valued at $24.6 billion.

'While the TAM is substantial, we think it can expand as the company introduces new modules allowing it to grow more quickly than its markets by consolidating spending,' Hedberg said in a note to clients on Monday.

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CrowdStrike Quite Period Ends: Here's What Analysts Are Saying

The quite period for Crowdstrike Holdings Inc (NASDAQ: CRWD) has come to an end after its initial public offering on June 12.

Crowdstrike is not only well positioned to gain market share in the $7 billion endpoint security market but can disrupt the security segment in adjacent categories, Liani said in a note.

Liania said Crowdstrike's strong performance comes at a time when the entire industry is transitioning away from legacy antivirus platforms to behavioral-based and next-generation platforms.

The company boasts multiple encouraging attributes, however, which makes the case that Crowdstrike's stock should trade at a higher multiple inline with other recent successful IPOs, including Zscaler Inc (NASDAQ: ZS) and Okta Inc (NASDAQ: OKTA).

The company is also adept in cross-selling services as 47% of subscription customers bought four or more cloud modules which is up from 30% in fiscal 2018.

Other attractive attributes include a strong customer retention, gross margin improvement potential, and a strong operating leverage despite heavy investments.

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Jennifer Bleam, from Carvir Security, spent time with me at a recent industry conference I attended in Phoenix Arizona. As the ..