Tech Giants Embrace Ethical Hackers – Why HPE, Intel, Microsoft & SAP Zero in on the Crowdsourced Security Testing Market With Synack
REDWOOD CITY, Calif.–(BUSINESS WIRE)–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, 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. “Intel’s 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” Tweet this 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 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 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 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/.