CrowdStrike

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CrowdStrike Holdings, Inc.
Public
Traded asNASDAQCRWD (Class A)
IndustryInformation security
Founded2011
FoundersGeorge Kurtz, Dmitri Alperovitch
HeadquartersSunnyvale, California, U.S.
Key people
George Kurtz, CEO
Dmitri Alperovitch, CTO
Products
Number of employees
1,683 (April 30, 2019)
Websitewww.crowdstrike.com Edit this at Wikidata

CrowdStrike Holdings, Inc. is a cybersecurity technology company based in Sunnyvale, California. It provides endpoint security, threat intelligence, and cyberattack response services.[1] The company has been involved in investigations of several high profile cyberattacks, including the Sony Pictures hack,[2] the 2016 Democratic National Committee email leak, and the Democratic National Committee cyber attacks.[3]

History[edit]

CrowdStrike was co-founded by George Kurtz (CEO),[4] Dmitri Alperovitch (CTO),[5] and Gregg Marston (CFO, retired) in 2011.[6][7] In 2012, Shawn Henry, a former Federal Bureau of Investigation (FBI) official, was hired to lead sister company CrowdStrike Services, Inc., which focused on proactive and incident response services.[8] In June 2013, the company launched its first product, CrowdStrike Falcon, which provided threat intelligence and attribution to nation state actors[9] that are conducting economic espionage and IP theft.[10][better source needed]

In May 2014, CrowdStrike's reports assisted the United States Department of Justice in charging five Chinese military hackers for economic cyber espionage against United States corporations.[11] CrowdStrike also uncovered the activities of Energetic Bear, a group connected to the Russian Federation that conducted intelligence operations against global targets, primarily in the energy sector.[12]

After the Sony Pictures hack, CrowdStrike uncovered evidence implicating the government of North Korea and demonstrated how the attack was carried out.[13] In 2014, CrowdStrike played a major role in identifying members of Putter Panda, the state-sponsored Chinese group of hackers also known as PLA Unit 61486.[14][15]

In May 2015, the company released information about VENOM, a critical flaw in an open-source hypervisor called Quick Emulator (QEMU),[16] that allowed attackers to access sensitive personal information.[17] In October 2015, CrowdStrike announced that it had identified Chinese hackers attacking technology and pharmaceutical companies around the time that President Barack Obama and Chinese President Xi Jinping publicly agreed not to conduct economic espionage against each other. The alleged hacking would have been in violation of that agreement.[18]

CrowdStrike released research in 2017 showing that 66 percent of the attacks to which the company responded that year were fileless or malware-free. The company also compiled data on the average time needed to detect an attack and the percentage of attacks detected by organizations themselves.[19]

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 cyberattack on the opening ceremonies of the Winter Olympics in Pyeongchang.[20] That same month, CrowdStrike released research showing that 39 percent of all attacks observed by the company were malware-free intrusions. The company also named which industries attackers most frequently targeted.[21] That March, the company released a version of Falcon for mobile devices and launched the CrowdStrike store.[22]

In January 2019, CrowdStrike published research reporting that Ryuk ransomware had accumulated more than $3.7 million in cryptocurrency payments since it first appeared in August.[23][24]

According to CrowdStrike's 2018 Global Threat Report, Russia has the fastest cybercriminals in the world.[25][26] The company also claimed that, of 81 named state-sponsored actors it tracked in 2018, at least 28 conducted active operations throughout the year, with China being responsible for more than 25 percent of sophisticated attacks.[27]

Funding[edit]

In July 2015, Google invested in the company's Series C funding round, which was followed by Series D [28] and Series E,[29] raising a total of $480 million as of May 2019.[30][31] In 2017, the company reached a valuation of more than $1 billion with an estimated annual revenue of $100 million.[32] In June 2018, the company said it was valued at more than $3 billion.[33] Investors include Telstra, March Capital Partners, Rackspace, Accel Partners and Warburg Pincus.[34][35]

In June 2019, the company made an initial public offering (IPO) on the NASDAQ.[36][37]

Russian hacking investigations[edit]

CrowdStrike helped investigate the Democratic National Committee cyber attacks and discovered their connection to Russian intelligence services. On March 20, 2017, James Comey testified before congress stating, "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."[38]

In December 2016, CrowdStrike released a report stating that Russian government-affiliated group Fancy Bear had hacked a Ukrainian artillery app.[39] They concluded that Russia had used the hack to cause large losses to Ukrainian artillery units. The app (called ArtOS) is installed on tablet PCs and used for fire-control.[40] CrowdStrike also found a hacked variation of POPR-D30 being distributed on Ukrainian military forums that utilized an X-Agent implant.[41]

The International Institute for Strategic Studies rejected CrowdStrike's assessment that claimed hacking caused losses to Ukrainian artillery units, saying that their data on Ukrainian D30 howitzer losses was misused in CrowdStrike's report. The Ukrainian Ministry of Defense also rejected the CrowdStrike report, stating that actual artillery losses were much smaller than what was reported by CrowdStrike and were not associated with Russian hacking.[42]

Cybersecurity firm SecureWorks discovered a list of email addresses targeted by Fancy Bear in phishing attacks.[43] The list included the email address of Yaroslav Sherstyuk, the developer of ArtOS.[44] Additional Associated Press research supports CrowdStrike's conclusions about Fancy Bear.[45] Radio Free Europe notes that the AP report "lends some credence to the original CrowdStrike report, showing that the app had, in fact, been targeted."[46]

In the Trump–Ukraine scandal, a transcript of a conversation between Donald Trump, the president of the United States, and Volodymyr Zelensky, the president of Ukraine, had Trump asking Zelensky to look into a conspiracy theory propagated by the Russian security services regarding CrowdStrike.[47]

Accolades[edit]

In 2014 and 2015, CRN Magazine named the company to its Top Emerging Vendors List.[48]

In 2016, the company was ranked #40 on the Deloitte Technology Fast 500, North America list,[49] and Inc. named CrowdStrike as one of America's 500 fastest-growing companies.[50]

In 2017 and 2018, CrowdStrike was listed on LinkedIn’s Top Companies: Start Ups,[51][52] on the Forbes Cloud 100,[53][54] and as one of the CNBC Disruptor 50.[55][56]

Fortune has given CrowdStrike three of its "Great Place to Work" awards,[57][58] and Inc. has praised the company's remote work program.[59]

See also[edit]

References[edit]

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  2. ^ "CrowdStrike demonstrates how attackers wiped the data from the machines at Sony". International Data Group. 2015. Retrieved 9 June 2016.
  3. ^ "Clinton campaign — and some cyber experts — say Russia is behind email release". The Washington Post. 24 July 2016.
  4. ^ "In conversation with George Kurtz, CEO of CrowdStrike". Fortune. Retrieved 1 July 2019.
  5. ^ "Bloomberg - Dmitri Alperovitch". www.bloomberg.com. Retrieved 14 February 2020.
  6. ^ "Standing up at the gates of hell: CrowdStrike CEO George Kurtz". Fortune. 29 July 2015.
  7. ^ Albert-Deitch, Cameron (15 May 2019). "CrowdStrike, the $3.4 Billion Startup That Fought Russian Spies in 2016, Just Filed for an IPO". Inc.com. Retrieved 1 July 2019.
  8. ^ Messmer, Ellen. "Top FBI cyber cop joins startup CrowdStrike to fight enterprise intrusions". Network World.
  9. ^ Messmer, Ellen (18 June 2013). "Start-up tackles advanced persistent threats on Microsoft, Apple computers". Network World. Retrieved 1 July 2019.
  10. ^ "U.S. firm CrowdStrike claims success in deterring Chinese hackers". Reuters. 13 April 2015. Retrieved 14 June 2016.
  11. ^ Gorman, Devlin Barrett and Siobhan (20 May 2014). "U.S. Charges Five in Chinese Army With Hacking". Wall Street Journal. ISSN 0099-9660. Retrieved 14 February 2020.
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  14. ^ Perlroth, Nicole (9 June 2014). "2nd China Army Unit Implicated in Online Spying". The New York Times. ISSN 0362-4331. Retrieved 14 June 2016.
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  19. ^ Gallagher, Sean (6 December 2017). ""Malware-free" attacks mount in big breaches, CrowdStrike finds". Ars Technica. Retrieved 1 July 2019.
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  30. ^ "CrowdStrike". Crunchbase. Retrieved 1 July 2019.
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  33. ^ "Cybersecurity startup CrowdStrike raises $200 million at $3 billion valuation". VentureBeat. 19 June 2018. Retrieved 1 July 2019.
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  35. ^ "CrowdStrike raises $100 million for cybersecurity". www.bizjournals.com. Retrieved 24 February 2020.
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  38. ^ https://www.washingtonpost.com/news/post-politics/wp/2017/03/20/full-transcript-fbi-director-james-comey-testifies-on-russian-interference-in-2016-election/ Retrieved 2017-05-22.
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  40. ^ Noosphere engineering school (31 October 2015). "New brainchild of engineering school was tested by the armed forces". noosphereengineering.com. Retrieved 28 December 2017.
  41. ^ Boldi (3 January 2017). "Technical details on the Fancy Bear Android malware (poprd30.apk)". Laboratory of Cryptography and System Security, Budapest University of Technology and Economics. Retrieved 8 February 2018.
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  58. ^ Daum, Kevin (15 December 2017). "Unlike IBM, This Company Figured Out How to Make Working From Home Happy and Productive for Everyone". Inc.com. Retrieved 1 July 2019.
  59. ^ Daum, Kevin (15 December 2017). "Unlike IBM, This Company Figured Out How to Make Working From Home Happy and Productive for Everyone". Inc.com. Retrieved 1 July 2019.

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