[October 23, 2017] |
|
Tech Giants Embrace Ethical Hackers - Why HPE, Intel, Microsoft & SAP Zero in on the Crowdsourced Security Testing Market With Synack
Ongoing news headlines about devastating hacks and breaches are only
increasing in number and point to the growing problem that our security
"solutions" have failed us. It will take a network of dedicated
organizations to change how the world approaches security, and that's
why we're excited to announce new partners and a new investor to the
Synack network. HPE, Intel, Microsoft (News - Alert), and SAP, some of today's most
experienced innovators in the technology space, will join Synack in the
pursuit to instill real security at the core of every client business in
order to increase their resistance to attack and decrease their business
risk.
o HPE
HPE, an existing investor, now delivers the Synack solution to customers
worldwide via its HPE Complete program and anticipates future offensive
security solutions in partnership with HPE Pointnext. These solutions
will help organizations across the globe procure and embrace
crowdsourced penetration testing with the help of trusted advisors from
HPE.
"Given the massive skills gap the cybersecurity industry faces, HPE
Pointnext is promoting a crowdsourced approach in partnership with
Synack. The shortage of cybersecurity expertise is one of the main
reasons adversaries continue to breach big businesses and governments.
By bringing Synack into our ecosystem of service solutions, we will help
our customers enhance their cybersecurity defenses by leveraging white
hat researchers from around the world," Vishal Lall, SVP, Strategy and
Ventures, HPE.
o SAP (News - Alert)
SAP is teaming up with Synack to focus on the white space that exists
when it comes to expertly testing both SAP and non-SAP web and
mobile-based applications, infrastructure, and IoT with a scalable
method.
"Synack's capabilities, which we resell by agreement within our
comprehensive managed security services portfolio, are an important part
of this offering. Especially with cloud, mobile and IoT deployments, the
relevance of ongoing and sophisticated vulnerability management is
higher than ever," Uemit Ozdurmus, Global Head of SAP Security Practice.
o MSFT
Synack is officially a Microsoft co-selling partner, putting the Synack
service in the hands of the Microsoft sales organization as well as
directly into the hands of customers through the Azure
Marketplace. As Microsoft continues to help companies transition to
hybrid IT deployments, Synack will help its customers scale security
testing across these complex environments.
o INTEL
Intel Capital recently invested in Synack, joining Kleiner Perkins,
Google (News - Alert) Ventures, Microsoft and Synack's other impressive investors. The
addition of Intel will help unlock new markets and business
opportunities, further solidify the Synack brand, and help shape the
Synack product.
"Intel's (News - Alert) approach to security starts with hardware, the root of trust.
We are always looking for opportunities to engage with industry
innovators to expand our capabilities and help protect our customers
against today's modern threats. We're pleased to invest in Synack in
this shared pursuit," Rick Echevarria, Vice President, Software and
Services Group and General Manager, Platforms Security Division, Intel
Corporation.
As these trusted tech leaders align themselves with crowdsourced
security, it signals the market is headed toward providing enterprises
with a real-world perspective on how vulnerable they are to attack.
These new strategic partnerships will:
-
Promote a high-quality, high-value product to the market that
emphasizes risk mitigation and security health. The ROI of a Synack
crowdsourced penetration test is estimated to be 53% higher compared
to traditional pen tests due to increased effectiveness and efficiency.
-
Help Synack crowdsourced security testing gain traction in the global
market. As SAP, HPE, and Microsoft serve virtually 100% of the Fortune
500 and have a customer base of 180+ countries around the world and as
crowdsourcing gains traction, Synack will be positioned to achieve
300% growth in its market share by 2019.
-
Encourage more security teams to move away from compliance and
volume-based metrics and move towards severity and overall risk
metrics to judge the success of their programs. Synack consistently
delivers an average of 12 high severity vulnerabilities per asset
tested, which means that 12 Equifax-caliber vulnerabilities are
identified and addressed, without one Equifax-type breach. With
estimations on cost of breach to Equifax being $4 billion, offensive
crowdsourced penetration testing could save each new customer over $48
billion next year.
"We are thrilled to bring HPE, Intel, Microsoft, and SAP on board. When
more organizations are enabled to utilize security solutions that
prioritize finding and patching high severity, high risk
vulnerabilities, we can mitigate the destruction that results from
large-scale, Equifax-caliber breaches," Jay Kaplan, CEO and Co-Founder
of Synack.
About Synack
Based in Redwood City, California, Synack is a security company
revolutionizing how enterprises view cybersecurity: through a hacker's
eyes. Synack's crowdsourced security platform arms clients with hundreds
of the world's most skilled, highly vetted ethical hackers who provide a
truly adversarial perspective of clients' IT environments. Synack's
confidential client base is comprised of some of the largest F500/G500
enterprise organizations across a number of industries and the U.S.
Federal Government. Synack was founded in 2013 by former NSA security
experts Jay Kaplan, CEO, and Dr. Mark Kuhr, CTO. For more information,
please visit https://www.synack.com/.
Any statements contained in this document that are not historical facts
are forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as "anticipate,"
"believe,""estimate," "expect," "forecast," "intend," "may," "plan,"
"project," "predict," "should" and "will" and similar expressions as
they relate to SAP are intended to identify such forward-looking
statements. SAP undertakes no obligation to publicly update or revise
any forward-looking statements. All forward-looking statements are
subject to various risks and uncertainties that could cause actual
results to differ materially from expectations. The factors that could
affect SAP's future financial results are discussed more fully in SAP's
filings with the U.S. Securities and Exchange Commission ("SEC (News - Alert)"),
including SAP's most recent Annual Report on Form 20-F filed with the
SEC. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171023005388/en/
[ Back To Mobile World Congress's Homepage ]
|