CrowdStrike Holdings, Inc. - CRWD STOCK NEWS

Cognizant (NASDAQ: CTSH) and CrowdStrike (NASDAQ: CRWD) have announced a strategic partnership to enhance enterprise cybersecurity transformation. The collaboration will leverage CrowdStrike's AI-native Falcon® platform, combining it with Cognizant's Neuro® Cybersecurity platform to deliver comprehensive security services.

The partnership aims to address critical challenges in the cybersecurity landscape, including a 110% surge in cloud exploitation cases and increasingly sophisticated cyberattacks. The solution will help organizations streamline security operations, consolidate legacy point products, and strengthen their overall cybersecurity posture through Falcon® Next-Gen SIEM and Falcon® Cloud Security.

This initiative responds to the growing complexity of IT landscapes across various cloud services (IaaS, SaaS, PaaS, CaaS) and addresses the widening cybersecurity skills gap. The partnership focuses on creating a flexible operations framework powered by AI-native platforms, moving away from separate legacy tools.

CrowdStrike (NASDAQ: CRWD) announced results from a Forrester Consulting study showing their Falcon® Identity Protection solution delivered significant financial benefits. The study revealed a 310% return on investment with a payback period under six months, generating $1.26 million in total benefits over three years for a composite organization.

The solution proved highly effective in preventing breaches, with none of the interviewed organizations experiencing security breaches after implementation. Notable benefits include $167,000 in cost savings over three years through legacy tool elimination and reduced labor costs. Organizations reported over 90% reduction in incident volume and significantly faster incident resolution, dropping from four hours to under 10 minutes.

The study emphasizes how Falcon Identity Protection addresses modern cybersecurity challenges, particularly as 75% of initial access attacks are now malware-free, targeting identity and cloud entry points.

CrowdStrike (CRWD) has launched Insider Risk Services, a comprehensive solution to combat insider threats from negligent employees, malicious insiders, and sophisticated adversaries. The announcement comes as the average cost of resolving insider threats over 12 months has reached $16.2 million.

The new services combine the CrowdStrike Falcon® cybersecurity platform with threat intelligence, hunting capabilities, and expert-led incident response. Key offerings include program and technical reviews, tabletop exercises, red team simulations, and incident response services.

The company's intelligence recently uncovered FAMOUS CHOLLIMA, a DPRK-nexus adversary group that infiltrated over 200 U.S. technology companies by disguising malicious activities as legitimate employment, demonstrating the critical need for such services.

CrowdStrike (CRWD) has announced FedRAMP authorization for three key modules of its Falcon cybersecurity platform: Falcon Next-Gen SIEM, Falcon for IT, and Falcon Data Protection. These modules are now available to government entities requiring FedRAMP Moderate authorization through CrowdStrike's GovCloud.

The authorization enables federal, state, and local government entities, along with their supply chains, to enhance their security capabilities against sophisticated endpoint, identity, and cloud-based cyberattacks. The modules provide comprehensive visibility, enhanced intelligence, and advanced threat response features, helping government organizations meet security requirements while reducing complexity and costs.

The solution specifically addresses challenges in the U.S. government's threat environment, including protection against nation-state adversaries like LIMINAL PANDA that exploit federal supply chain vulnerabilities. The authorized modules support compliance efforts and Zero Trust framework adoption across government environments through real-time threat detection, asset visibility, centralized log management, and data protection.

CrowdStrike (CRWD) has been named a Leader in the 2024 GigaOm Radar Report for Container Security, achieving perfect scores in seven key categories including Flexibility, Interoperability, Lifecycle Security Management, Manageability, Registry Scanning, Scalability and Threat Intelligence.

The company's Falcon® Cloud Security platform provides comprehensive protection for containers, Kubernetes, cloud infrastructure, applications, data and AI models from a single unified platform. The report highlighted CrowdStrike's strengths in code-to-cloud protection, continuous image scanning, dynamic container analysis, and runtime protection powered by machine learning. Notable features include both agent and agentless platform approaches, AI-driven threat detection, and extensive integration capabilities with CI/CD pipelines and DevOps tools.

CrowdStrike (NASDAQ: CRWD) has achieved a significant milestone as the first and fastest pure play SaaS cybersecurity vendor to exceed $1 billion in total sales with SHI International. Over 70% of this revenue was generated in the last 3 years, highlighting rapid growth. The partnership leverages CrowdStrike's AI-native Falcon® platform and SHI's extensive customer network to help organizations consolidate security solutions, reduce costs, and improve security outcomes.

SHI International has earned multiple 2024 awards from CrowdStrike, including Global Solution Provider of the Year, Americas Solution Provider of the Year, and Public Sector Partner of the Year, demonstrating the partnership's success in driving market presence and customer adoption across industries and regions.

CrowdStrike's 2024 State of AI in Cybersecurity Survey reveals that 80% of security leaders prefer platform-based GenAI tools over point solutions. The study highlights a significant shift towards integrated cybersecurity strategies, with 63% of respondents willing to overhaul their security stack for fully integrated GenAI solutions.

Key findings show that 74% of respondents reported breaches or vulnerabilities in the past year, while 76% demand cybersecurity-specific GenAI tools. Nearly 90% of respondents are establishing security guidelines for GenAI use, emphasizing safety and privacy controls. The survey indicates that GenAI is viewed as an enhancement to human expertise rather than a replacement, focusing on improving analyst productivity and reducing burnout.

CrowdStrike's response includes Charlotte AI, a purpose-built GenAI security analyst assistant, along with AI Red Team Services and new Falcon platform innovations.

CrowdStrike (CRWD) has been named a Leader and Outperformer in the 2024 GigaOm Radar Report for Ransomware Prevention, receiving perfect scores in 10 critical categories. The company's Falcon cybersecurity platform achieved the highest average score among evaluated vendors, excelling in areas including Predictive Analytics, Data Exfiltration Protection, and Response Automation.

The report highlights CrowdStrike's comprehensive platform approach, combining AI-powered threat detection, behavior-based analytics, identity protection, and proactive threat hunting. The platform's capabilities extend across endpoints, networks, clouds, and identity protection, with notable innovations in AI through Charlotte AI, their generative AI security analyst. The report also praised CrowdStrike's extensive marketplace integrations with various security tools and ITSM platforms.

CrowdStrike (NASDAQ: CRWD) has achieved significant recognition in the Managed Detection and Response (MDR) sector, being named a Customers' Choice in the 2024 Gartner Peer Insights™ Voice of the Customer report with a 96% Willingness to Recommend score. The company also received Frost & Sullivan's 2024 Global Company of the Year award and was recognized as an Overall Leader in KuppingerCole's 2024 Leadership Compass for MDR.

CrowdStrike's Falcon® Complete Next-Gen MDR service, powered by their AI-native platform, provides 24/7 expert-led protection, addressing sophisticated cyber threats through advanced threat detection, investigation, and response across multiple security domains. The service has been praised for its seamless platform integration, real-time detection capabilities, and comprehensive security coverage.