Adaptive Shield, a CrowdStrike Company, Named the Frost Radar™ Leader in SaaS Security Posture Management

Rhea-AI Summary

CrowdStrike's Adaptive Shield has been recognized as the Leader in the 2024 Frost Radar™ for SaaS Security Posture Management (SSPM), achieving top scores of 4.8/5 for Innovation and 4.5/5 for Growth. The recognition comes amid rising cloud exploitation threats, which increased 110% last year, with 75% of attacks being malware-free.

As part of the CrowdStrike Falcon® platform, Adaptive Shield provides comprehensive SSPM across 150+ SaaS applications, featuring GenAI Security Control, unified identity and cloud security, and accelerated detection and response capabilities. The solution addresses critical challenges in securing hybrid environments, protecting identities, configurations, and data across SaaS applications.

Positive

• Achieved highest position in 2024 Frost Radar™ with exceptional scores (4.8/5 Innovation, 4.5/5 Growth)
• Comprehensive coverage of 150+ SaaS applications
• Integration with CrowdStrike Falcon platform enhances security capabilities

Negative

• None.

Insights

Tech Security Analyst

The recognition of Adaptive Shield as the SSPM market leader significantly strengthens CrowdStrike's competitive position in the cloud security space. The 4.8/5 Innovation and 4.5/5 Growth scores validate their technological superiority in a rapidly expanding market. With cloud exploitation attacks increasing by 110% and 75% of attacks being malware-free, this positions CrowdStrike to capture growing enterprise demand for comprehensive SaaS security solutions.

The integration of Adaptive Shield into the Falcon platform creates a compelling unified security offering that addresses critical gaps in hybrid environments. The coverage of 150+ SaaS applications, combined with AI security controls and identity protection capabilities, provides a comprehensive solution that should drive increased platform adoption and customer retention. This strategic enhancement of CrowdStrike's cloud security portfolio could accelerate revenue growth through cross-selling opportunities to their existing enterprise customer base.

Market Research Analyst

The SSPM market represents a strategic growth vector for CrowdStrike as organizations increasingly migrate to SaaS applications. Frost & Sullivan's recognition reinforces CrowdStrike's market leadership and should help drive enterprise adoption. The timing is particularly advantageous given the surge in cloud-based threats and the growing complexity of hybrid IT environments.

The integration of Adaptive Shield enhances CrowdStrike's value proposition by addressing critical security challenges around SaaS misconfigurations, identity management and AI security controls. This comprehensive approach positions them well against competitors and should help maintain premium pricing power. The ability to secure both traditional infrastructure and modern SaaS applications from a single platform addresses a key pain point for enterprises, potentially accelerating deal cycles and expanding the total addressable market.

CrowdStrike earns the highest and farthest-right position for Growth and Innovation among all evaluated vendors

AUSTIN, Texas--(BUSINESS WIRE)-- CrowdStrike (NASDAQ: CRWD) today announced that Adaptive Shield, a CrowdStrike company, has been named the Leader in the 2024 Frost Radar™: SaaS Security Posture Management (SSPM), earning the highest and farthest-right position among all evaluated vendors. With a 4.8/5 score on the Innovation Index and a 4.5/5 score on the Growth Index, Adaptive Shield demonstrates its market leadership in securing SaaS applications at scale and stopping SaaS breaches.

Cross-domain attacks are reshaping the threat landscape, with cloud exploitation surging 110% last year and 75% of attacks now malware-free. Organizations face growing challenges in securing hybrid environments, as fragmented security tools leave gaps in protecting on-premises systems, cloud identity providers and SaaS applications. As an integrated component of the CrowdStrike Falcon® cybersecurity platform, Adaptive Shield delivers complete SaaS Security Posture Management, protecting identities, configurations and data across SaaS applications.

According to Frost & Sullivan, Adaptive Shield is a Growth and Innovation leader in SSPM. Now, as part of CrowdStrike, Adaptive Shield enhances the Falcon platform by providing deeper protection against modern attacks and securing complex environments. With Adaptive Shield, CrowdStrike delivers unparalleled visibility, proactive risk management and the ability to neutralize threats across the cloud ecosystem, including:

• Comprehensive SSPM: Adaptive Shield provides full visibility and control over misconfigurations, entitlements, identities and exposed data across 150+ SaaS applications. This unified view enhances cloud detection and response (CDR) across hybrid environments and provides security teams with the context required to stop breaches.
• GenAI Security Control: Continuous monitoring detects configuration shifts, prevents data leakage through misconfigured AI settings and identifies shadow AI applications for risk-based access revocation, ensuring AI tools align with security policies.
• Unified Identity and Cloud Security: Integrating Adaptive Shield with CrowdStrike Falcon® Identity Protection secures SaaS, on-premises AD and cloud environments like Okta and Microsoft Entra ID. CrowdStrike Falcon® Cloud Security provides unified protection for infrastructure, apps, data, AI models and SaaS all from a single console.
• Accelerated Detection and Response: Integration with CrowdStrike Falcon® Next-Gen SIEM delivers first-party detection and automated response across endpoints, identities, workloads and applications, leveraging Falcon Fusion SOAR and real-time threat intelligence.

“As SaaS adoption accelerates, organizations are navigating unprecedented complexity and the growing risk of security gaps that adversaries seek to exploit,” said Raj Rajamani, head of products, CrowdStrike. “Adaptive Shield by CrowdStrike delivers unparalleled protection for SaaS environments, leveraging AI-powered innovation to secure the applications that power today’s enterprises. Being named the leader in SaaS Security Posture Management reflects our commitment to innovation and our mission to stop breaches in the cloud.”

"With the acquisition of Adaptive Shield, CrowdStrike stands out as a clear leader in the SaaS Security Posture Management market, seamlessly combining innovation, scalability and a strong focus on customer needs," said Daphne Dwiputriane, research associate at Frost & Sullivan. "With the ability to proactively identify and remediate misconfigurations, enforce compliance and secure SaaS applications at scale, the Adaptive Shield technology is at the forefront of the SSPM landscape. With Adaptive Shield, CrowdStrike is redefining SaaS security standards, empowering organizations to protect critical applications and data against the constantly evolving threat landscape."

To learn more about the 2024 Frost Radar™: SaaS Security Posture Management, read our blog.

About CrowdStrike

CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.

Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.

CrowdStrike: We stop breaches.

Learn more: https://www.crowdstrike.com/
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© 2024 CrowdStrike, Inc. All rights reserved. CrowdStrike and CrowdStrike Falcon are marks owned by CrowdStrike, Inc. and are registered in the United States and other countries. CrowdStrike owns other trademarks and service marks and may use the brands of third parties to identify their products and services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241209377108/en/

Jake Schuster

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike

FAQ

What recognition did CrowdStrike (CRWD) receive in the 2024 Frost Radar™?

Adaptive Shield, a CrowdStrike company, was named the Leader in the 2024 Frost Radar™ for SaaS Security Posture Management, achieving scores of 4.8/5 for Innovation and 4.5/5 for Growth.

How many SaaS applications does CrowdStrike's (CRWD) Adaptive Shield protect?

Adaptive Shield provides visibility and control over misconfigurations, entitlements, identities, and exposed data across more than 150 SaaS applications.

What security threats is CrowdStrike (CRWD) addressing with Adaptive Shield?

CrowdStrike is addressing cloud exploitation threats, which increased 110% last year, with 75% of attacks being malware-free, by providing comprehensive SaaS security posture management.