CrowdStrike Unveils Falcon Cloud Security Innovations to Unify Protection Across Cloud Infrastructure, Applications, Data and AI Models

Rhea-AI Summary

CrowdStrike (NASDAQ: CRWD) unveiled significant innovations to its Falcon Cloud Security platform at Fal.Con 2024. The company introduced AI Security Posture Management (AI-SPM) and announced the general availability of Data Security Posture Management (DSPM). These additions make Falcon Cloud Security the only CNAPP offering comprehensive protection across cloud infrastructure, applications, data, and AI models from a single platform.

CrowdStrike also enhanced Falcon Identity Protection with Falcon Privileged Access and real-time threat protection for Microsoft Entra ID. These innovations aim to stop cross-domain attacks that use stolen credentials to breach cloud environments. The company reported a 110% increase in cloud exploitation cases over the past year, with 75% of initial access attacks being malware-free.

Positive

• Introduction of AI Security Posture Management (AI-SPM) for monitoring AI services and LLMs in the cloud
• General availability of Data Security Posture Management (DSPM) integrated with Falcon Cloud Security
• Launch of Falcon Privileged Access for enforcing least privilege across hybrid cloud environments
• Implementation of real-time threat protection for Microsoft Entra ID
• Unified platform offering comprehensive protection across cloud infrastructure, applications, data, and AI models

Negative

• 110% increase in cloud exploitation cases over the past year
• 75% of attacks to gain initial access are malware-free, indicating a rise in sophisticated threats

Insights

Cloud Security Analyst

CrowdStrike's latest innovations in Falcon Cloud Security mark a significant leap in comprehensive cloud protection. The introduction of AI Security Posture Management (AI-SPM) and Data Security Posture Management (DSPM) addresses critical gaps in securing AI models and data across cloud environments. This unified approach is particularly timely, given the 110% increase in cloud exploitation cases over the past year.

The integration of these features into a single platform streamlines security operations, potentially reducing complexity and improving response times. For investors, this positions CrowdStrike favorably in the rapidly growing cloud security market, especially as organizations increasingly adopt AI and hybrid cloud strategies. The company's ability to secure the entire modern cloud estate – from infrastructure to AI models – could be a key differentiator, potentially driving revenue growth and market share expansion.

Cybersecurity Expert

CrowdStrike's new offerings tackle two critical areas: AI security and identity protection. The AI-SPM feature is particularly noteworthy as it addresses the emerging threat landscape around AI services and large language models. This proactive approach to securing AI innovation could give CrowdStrike a first-mover advantage in a nascent but rapidly growing segment of cybersecurity.

The enhancements to Falcon Identity Protection, including Falcon Privileged Access and real-time threat protection for Microsoft Entra ID, are timely responses to the surge in identity-based attacks. With 75% of initial access attacks being malware-free, these features could significantly improve an organization's defense against sophisticated threats. For investors, these innovations demonstrate CrowdStrike's ability to adapt quickly to evolving cyber threats, potentially strengthening its competitive position and customer retention rates.

Financial Analyst

CrowdStrike's strategic expansion of its Falcon platform capabilities could have positive financial implications. By offering a comprehensive solution that covers cloud infrastructure, applications, data and AI models, the company is positioning itself to capture a larger share of customers' cybersecurity budgets. This integrated approach may lead to higher average contract values and improved customer stickiness.

The introduction of CrowdStrike Financial Services, which aims to simplify procurement, could accelerate platform adoption and potentially shorten sales cycles. This financial flexibility might be particularly attractive to enterprises looking to consolidate their security solutions. From an investor perspective, these developments could translate into stronger revenue growth, improved margins and potentially a higher valuation multiple if CrowdStrike can demonstrate sustained market leadership in the evolving cloud security landscape.

CrowdStrike introduces AI Security Posture Management, announces general availability of Data Security Posture Management

AUSTIN, Texas & LAS VEGAS--(BUSINESS WIRE)-- Fal.Con 2024 – CrowdStrike (NASDAQ: CRWD) today unveiled AI Security Posture Management (AI-SPM) and announced the general availability of Data Security Posture Management (DSPM) as fully integrated components of CrowdStrike Falcon® Cloud Security. These innovations make Falcon Cloud Security the only CNAPP to deliver comprehensive visibility and protection across cloud infrastructure, applications, data and AI models from a single, unified platform.

Additionally, CrowdStrike unveiled powerful new enhancements to CrowdStrike Falcon® Identity Protection, including Falcon Privileged Access and real-time threat protection for Microsoft Entra ID. These new innovations are designed to stop cross-domain attacks that leverage stolen credentials to breach cloud environments and move laterally across endpoints, all within a single workflow.

Cloud exploitation cases grew 110% over the past year, while identity-based attacks continue to surge with 75% of attacks to gain initial access being malware-free. At the same time, adversaries are increasingly targeting AI services and large language models (LLM) deployed in the cloud. Security teams need a modern CNAPP that provides visibility into, and real-time protection across, every attack path to stop sophisticated threats and allow organizations to safely harness the transformative power of AI. Falcon Cloud Security is the only platform that protects the entire modern cloud estate – infrastructure, applications, data and AI models – within a single unified console and workflow.

“As organizations increasingly adopt hybrid cloud and AI strategies to fuel their growth, they also introduce more complexity and gaps that adversaries exploit, leading to greater risk and potential compromise,” said Michael Sentonas, president, CrowdStrike. “With the latest innovations to Falcon Cloud Security and Falcon Identity Protection, we’re eliminating complexity and closing critical security gaps through real-time visibility and protection across hybrid cloud environments, applications, data, AI models and identities. The only way to see and secure every attack path is to unify workflows on a single console that stops breaches across the entire cloud estate.”

New innovations to Falcon Cloud Security and Falcon Identity Protection include:

• AI Security Posture Management: A new capability, AI-SPM monitors AI services and LLMs deployed in the cloud, detects misconfigurations, and identifies and addresses vulnerabilities to enable secure AI innovation.
• Data Security Posture Management: Now fully integrated with Falcon Cloud Security, security teams can discover, classify and protect data in all states – at rest or in motion – as it flows through the cloud estate and across endpoints.
• Falcon Privileged Access: Enforces least privilege through risk-based Just-in-Time (JIT) access across hybrid cloud environments to reduce the identity attack surface and combat cross-domain attacks spanning clouds, identities and endpoints.
• Real-Time Threat Protection for Microsoft Entra ID: Delivers Falcon’s AI-powered identity protection against password spraying, phishing and other identity threats targeting Entra ID (cloud-based active directory) environments.

CrowdStrike also announced additional Falcon platform innovations and CrowdStrike Financial Services this week at Fal.Con 2024, cybersecurity’s premier user conference. CrowdStrike Financial Services accelerates Falcon platform consolidation, providing customers with tailored financing solutions to remove procurement complexity. To learn more, visit here.

To learn more about Falcon Cloud Security, visit here.

This information about CrowdStrike products is intended for informational purposes. Please do not rely on this information in making your purchasing decisions. The development, release and timing of any products, features or functionality remain at the sole discretion of CrowdStrike, and are subject to change.

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, the falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are marks owned by CrowdStrike, Inc. and registered with the United States Patent and Trademark Office, and in 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/20240918987921/en/

Jake Schuster

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike

FAQ

What new features did CrowdStrike (CRWD) announce at Fal.Con 2024?

CrowdStrike announced AI Security Posture Management (AI-SPM), Data Security Posture Management (DSPM), Falcon Privileged Access, and real-time threat protection for Microsoft Entra ID at Fal.Con 2024.

How does CrowdStrike's Falcon Cloud Security platform protect against cloud threats?

Falcon Cloud Security provides comprehensive visibility and protection across cloud infrastructure, applications, data, and AI models from a single, unified platform, addressing various attack vectors in cloud environments.

What percentage increase in cloud exploitation cases did CrowdStrike (CRWD) report?

CrowdStrike reported a 110% increase in cloud exploitation cases over the past year.

How does CrowdStrike (CRWD) address the rise in identity-based attacks?

CrowdStrike introduced Falcon Privileged Access and real-time threat protection for Microsoft Entra ID to combat identity-based attacks and enforce least privilege across hybrid cloud environments.