As Security Crises Reach New Heights, Approach of Scaling Offense as the Best Defense Recognized by Gartner and CNBC
REDWOOD CITY, CA — May 16, 2017 — Synack, Inc. (“Synack”), the first hacker-powered intelligence platform, today announced it has been selected as the recipient of two prestigious accolades: Gartner Cool Vendor as the only security company in the Business and IT Services category, and CNBC Disruptor 50 for the third consecutive year. As cybercrime damage costs are predicted to hit $6 trillion annually by 20211, Synack is recognized for its security platform which helps businesses scale offense to understand exactly how exposed or resistant they are to a cyber attack.
“We live in a world where all it takes is one vulnerability to shut a company down, and cyber security is one industry where technology on its own is no match for human ingenuity. If we have learned anything from the WannaCry attack, it is that the old models of finding and prioritizing vulnerabilities are broken. It’s clear businesses and agencies need a more effective way to secure their digital infrastructure and applications” said Jay Kaplan, co-founder and CEO of Synack. “Just three years after we created this new category of hacker-powered security, we’re honored to be recognized by both CNBC and Gartner for combining man with machine for a highly effective offense.”
Recognition of Synack in Gartner’s Business and IT Services Cool Vendor category reaffirms the fact that security is no longer just an IT issue, it has truly become a business issue. With security vulnerabilities leading to business disruption, stolen data, nation-state interference, and now a surge in ransomware, enterprises and government agencies are considering security risk at all stages of their operations. Security solutions need to be pragmatic and pervasive in order to match the agility and diversity of the technology that we use every day.
Working with F500/G2000 companies and agencies, Synack consistently finds vulnerabilities that were ignored by traditional security solutions. These vulnerabilities are often the most damaging kind that could result in data exfiltration and account takeovers, exactly the class of vulnerabilities adversaries hunt for in deploying ransomware attacks. In 2016, 35 percent of these previously undetected vulnerabilities found by the Synack Red Team were considered to be high severity (CVSS greater than 7.0), with an average of unknown 12 high severity vulnerabilities per engagement.2
For more on the 2017 CNBC Disruptor 50 companies, please visit: http://www.cnbc.com/2017/05/16/the-2017-cnbc-disruptor-50-list-of-companies.html
For access to Gartner’s 2017 Cool Vendor Business and IT Services report, please visit: http://go.synack.com/Cool-Vendor-2017.html
1 Prediction and research by Cybersecurity Ventures found in 2016 Cybercrime Report.
2 Data is derived from Synack’s hacker-powered Penetration Tests and Continuous assessments.
Based in Redwood City, California, Synack is a security company revolutionizing how enterprises view cybersecurity: through a hacker’s eyes. Synack’s hacker-powered 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 banking and financial services, healthcare, consumer goods and retail, manufacturing, technology and the U.S. Federal Government. All engagements are conducted by Synack’s vetted skilled professionals and are treated with absolute privacy. 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/.