Cloudflare Expands Its Zero Trust Platform to Become the Only Cloud-Native Provider with Network Scale

Rhea-AI Summary

Cloudflare, Inc. (NYSE: NET) reported 100% year-over-year customer growth and a 6X increase in daily traffic due to the expansion of Cloudflare One, its Zero Trust SASE platform. This platform now features advanced email security, data loss prevention tools, and private network discovery, enabling organizations to secure resources without disrupting productivity. The service is integrated into Cloudflare's expansive network, simplifying deployment and enhancing performance. Major brands, including financial services and airlines, trust Cloudflare for their security needs.

Positive

• 100% year-over-year customer growth.
• 6X increase in daily traffic.
• Introduction of advanced email security and data loss prevention tools.
• Comprehensive integration of the Zero Trust platform into Cloudflare's global network.

Negative

• None.

Continued innovation to secure all aspects of a company’s applications, devices, and networks drove 100% year over year customer growth and 6X growth in daily traffic

SAN FRANCISCO--(BUSINESS WIRE)-- Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced several new capabilities for Cloudflare One, its Zero Trust SASE platform, making it the only cloud-native Zero Trust solution with global network scale. New features for Cloudflare One include sophisticated email security protection, data loss prevention tools, cloud access security broker (CASB), and private network discovery. Now, any organization can use Cloudflare One for a comprehensive and deeply-integrated Zero Trust security and networking solution to protect and accelerate the performance of devices, applications, and entire networks to keep workforces secure and productive.

"When I sit with customers, they share that one of the most daunting aspects of Zero Trust security is simply where to begin. Making matters worse, every vendor has a different definition for Zero Trust, turning a critical approach to security into a misunderstood and overused term," said Matthew Prince, co-founder and CEO of Cloudflare. “We believe Zero Trust must extend to the entire network, all the way from email to data centers, and accelerate user and endpoint connections, not slow people down. And we want to give every customer a step-by-step guide for what they can do today, this week, and this month to make themselves more secure regardless of what vendor they use."

Today, employees are highly mobile and critical applications have moved to the cloud – no longer residing inside an office protected by a secure perimeter. This fundamental shift in where and how people work has caused enterprises to rethink legacy tools like VPNs and hardware boxes and abandon the traditional castle-and-moat approach to security, looking towards Zero Trust. Cloudflare One unifies network security as-a-service built natively into one of the world’s largest networks, providing fast, reliable global connectivity; cloud-based security; and better visibility and control through a common dashboard and API. With Cloudflare’s Zero Trust platform organizations can easily secure their applications and employees against the modern threat landscape without the complex integration costs or disrupting employee productivity like many legacy systems.

Cloudflare One provides a comprehensive Zero Trust SASE solution that is built natively into Cloudflare’s global network, spanning more than 270 cities in over 100 countries. This deeply integrated approach ensures a simple deployment in just a few clicks, lightning fast performance wherever users are, and robust security across endpoints, networks, and email, enabling organizations to:

• Automatically protect users from phishing attacks: Email is one of the largest cyber attack vectors on the Internet, which makes integrated email security critical to any true Zero Trust network. By combining leading phishing protection from Cloudflare’s recent acquisition of Area 1 Security with Cloudflare’s cutting edge Browser Isolation, malicious links will automatically be quarantined in a remote browser session.
• Secure every connection with Zero Trust controls while accelerating users and services: Whether users are connecting to internal resources, the Internet, or are simply opening email, Cloudflare’s global network allows Zero Trust filtering to be applied to everything, without slowing it down.
• Comprehensive controls for data in any location: Beyond just in-line scanning, Cloudflare’s Zero Trust platform provides controls in real-time with built in data loss prevention tools to scan for sensitive information or against data at-rest with an API-driven CASB.
• Connect and secure data, devices, offices, cloud networks, and more without relying on hardware boxes: Cloudflare Magic WAN is now generally available, allowing businesses to speed up their network and add security at a fraction of the cost compared to legacy MPLS architecture.

Cloudflare One was announced in 2020 and has been helping to secure enterprises around the world, with the number of customers increasing 100% year over year and daily average traffic increasing by 6X over the same period. Global brands trust Cloudflare with their Zero Trust journey, including financial services company BlockFi; financial application provider Curve; online business catering platform ezCater; international airlines Japan Airlines; award-winning digital wealth manager Moneybox; transportation and logistics leader Werner Enterprises; and multi-disciplinary digital agency Panagora.

To learn more about Cloudflare One, please check out the resources below:

• Blog: Welcome to Cloudflare One Week
• Cloudflare One Week Landing Page
• A Roadmap to Zero Trust Architecture

About Cloudflare

Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a mission to help build a better Internet. Cloudflare’s suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was named to Entrepreneur Magazine’s Top Company Cultures 2018 list and ranked among the World’s Most Innovative Companies by Fast Company in 2019. Headquartered in San Francisco, CA, Cloudflare has offices in Austin, TX, Champaign, IL, New York, NY, San Jose, CA, Seattle, WA, Washington, D.C., Toronto, Dubai, Lisbon, London, Munich, Paris, Beijing, Singapore, Sydney, and Tokyo.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of the Cloudflare One suite of Zero Trust solutions, the benefits to Cloudflare’s customers from using the Cloudflare One suite of Zero Trust solutions and Cloudflare’s other products and technology, the expected functionality and performance of the Cloudflare One suite of Zero Trust solutions and Cloudflare’s other products and technology, the timing of when any new Cloudflare One features will be generally available to all current and potential Cloudflare customers, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Cloudflare’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in its filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on March 5, 2022, as well as other filings that we may make from time to time with the SEC.

The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.

© 2022 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220620005091/en/

Cloudflare, Inc.

Daniella Vallurupalli

Vice President, Head of Global Communications

press@cloudflare.com

Source: Cloudflare, Inc.

FAQ

What are the new features announced for Cloudflare's Zero Trust platform on October 2023?

Cloudflare announced advanced email security, data loss prevention tools, and private network discovery as new features for its Zero Trust SASE platform, Cloudflare One.

How much has Cloudflare's customer base grown year-over-year?

Cloudflare reported a 100% year-over-year growth in its customer base.

What is Cloudflare's stock symbol?

Cloudflare's stock symbol is NET.

What impact did Cloudflare's announcements have on daily traffic?

Cloudflare reported a 6X increase in daily traffic attributed to the enhancements in its Cloudflare One platform.

Which industries trust Cloudflare for its Zero Trust solutions?

Cloudflare is trusted by various global brands, including those in financial services, transportation, and digital wealth management.