Saturday, 30 July 2016

Cybersecurity firms are booming thanks to Russian hackers

When the Democratic National Committee discovered in April that its computer networks had been hacked, leaders there did not just alert government intelligence. They called CrowdStrike, a five-year-old cybersecurity firm that makes millions from mercenary work sold with a promise: “We Stop Breaches.”

The contractor last month revealed what it had found: Two Russian intelligence groups, code-named Cozy Bear and Fancy Bear, had spearheaded competing hacks over the last year using a barrage of malicious “implants” and “backdoors.” CrowdStrike’s experts knew the hackers well: They’d also recently infiltrated the White House, State Department and Joint Chiefs of Staff.

Their weapon of choice: The cybersecurity equivalent of “a neighborhood watch program on steroids,” said CrowdStrike co-founder George Kurtz. That same offering has helped them turn their young business into a juggernaut, with sales of $100 million this year.

“Our clients now include the crème de la crème of companies,” said Kurtz, a former chief technology officer of anti-virus giant McAfee. “From a growth perspective, it’s just been explosive.” For the full article click here 



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