CrowdStrike customers suffers data breach

CrowdStrike

CrowdStrike customers suffers data breach

Category : Blog

CrowdStrike customers suffers data breach

CrowdStrike is an American cybersecurity technology company based in Sunnyvale, California, and a wholly owned subsidiary of CrowdStrike Holdings, Inc. The company provides endpoint security, threat intelligence, and incident response services to customers in more than 170 countries. The company has been involved in countermeasure efforts to several high-profile cyber-attacks, including the Sony Pictures hack the 2016 Democratic National Committee email leak, and the Democratic National Committee cyber attacks.

When data breaches occur, often, the problem can be traced down to third-parties in a supply chain, or basic, lax security processes in IT environments.

US cyber-security firm CrowdStrike announced a new warranty program for its customers, offering to cover up to $1 million in expenses if a customer protected by its top-tier endpoint protection solution suffers a security breach.

On Tuesday, the cybersecurity firm announced the launch of a warranty worth up to $1 million should customers of its endpoint security software experience a successful data breach caused by exploits, ransomware, zero-day vulnerabilities, and more.

 

CrowdStrike

 

The warranty can be used to cover data breach expenses

CrowdStrike says customers can use the warranty to cover certain breach response fees and expenses incurred by the customer following the breach, such as legal consultation, forensic services, notification expenses, identity theft and credit monitoring, public relations and cyber extortion payments.

The warranty is offered on a “take it or leave it” basis, and CrowdStrike doesn’t plan to allow customers to negotiate its terms and coverage.

The warranty will only cover security breaches during its duration, and pre-existing security incidents are not eligible.

 

warranty

 

The problem of inexistent security software warranties

“Other industries have long offered product warranties to assure customers that the products they purchase will function as advertised,” CrowdStrike said on Tuesday in a canned presser. “This has not been the case in cybersecurity, where customers generally have little recourse when security products fail to protect them.”

The company claims it’s the first to offer such a data breach warranty protection to clients. This may be true for “data breaches,” but not true for other types of security incidents.

 

data breaches

 

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