CrowdStrike Unveils Insider Risk Services To Reduce Costs From Insider Threats: Details

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are trading slightly higher in the premarket session on Wednesday.

Today, the firm has launched CrowdStrike Insider Risk Services to prevent insider threats.

The average cost to resolve insider threats over a 12-month period has reached $16.2 million, underscoring the significant impact such incidents can have on businesses, CrowdStrike said in a press release.

CrowdStrike Insider Risk Services combines the capabilities of its Falcon cybersecurity platform with tailored assessments, threat hunting, and expert-led incident response.

CrowdStrike said its intelligence-driven strategy recently uncovered tactics used by the DPRK-affiliated FAMOUS CHOLLIMA, an insider threat group that infiltrated over 200 U.S. technology companies by disguising malicious activities as legitimate employment.

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Key offerings of the new service include Insider Risk Program and Technical Reviews to strengthen security posture, Tabletop Exercises and Red Team Simulations to uncover vulnerabilities, and expert-led Incident Response services for quick mitigation of insider risks.

Thomas Etheridge, CrowdStrike’s chief global services officer, emphasized the importance of proactive protection against insider threats, noting that these risks can arise from a variety of factors, including negligence and sophisticated attacks.

“With deep adversary insights, extensive experience in countering complex threats and industry-leading visibility and protection provided by the Falcon platform, CrowdStrike Insider Risk Services sets a new standard for combating the modern insider threat,” Etheridge said.

According to Benzinga Pro, CRWD stock has gained over 21% in the past year. Investors can gain exposure to the stock via TrueShares Technology, AI & Deep Learning ETF (NYSE:LRNZ).

Price Action: CRWD shares are trading higher by 2.06% in the premarket session to $355.20 at last check Wednesday.

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