Global IT outages on Friday were blamed on a faulty update from CrowdStrike and the impact hit banks, airlines and a host of other companies. But the real hit--beyond CrowdStrike's stock price--was to the platformization play being pitched by cybersecurity vendors.
AT&T said that customer data covering "nearly all" of its customers from May 1, 2022, to October 31, 2022, and Jan. 2, 2023 was downloaded from a third-party cloud platform.
Lacework specializes in Cloud-Native Application Protection Platform (CNAPP). Fortinet said it will add Lacework's AI-powered platform to its Fortinet Security Fabric. Lacework has more than 1,000 customers.
Zoho outlined a more collaborative vision of customer relationship management, launched a series of AI-driven enhancements across its platform, upped its developer game and created a cybersecurity stack.
CrowdStrike delivered strong first quarter earnings with revenue growth of 33%.
Platformization is the buzzword du jour in cybersecurity circles. The general idea is that enterprises are consolidating vendors and will ultimately bet on one platform to solve for cybersecurity.
Palo Alto Networks reported better-than-expected third quarter results as the company said customers had an "enthusiastic response to platformization."
Google Cloud launched Threat Intelligence, Cisco and Splunk outlined integrations and new security offerings, Palo Alto Networks outlined its AI and cybersecurity future and CrowdStrike, Fastly and a bevy of others had announcements. Akamai acquired Noname Security.
CrowdStrike and Amazon Web Services expanded a partnership where Amazon will standardize on CrowdStrike's Falcon platform and CrowdStrike will expand usage of Amazon Bedrock and SageMaker.
Rubrik, an enterprise backup and recovery company, has filed for an initial public offering in a move that indicates a new batch of security vendors are likely to hit the market as companies prep their post-breach strategies.
For 2024, UnitedHealth said the tab for the Change Healthcare cyberattack could be as high as $1.6 billion.
"Sophisticated, AI-driven attacks need a sophisticated response, which is AI-driven," said Mehta.
