Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cloud

6/5/2018
04:46 PM
Connect Directly
Google+
Twitter
RSS
E-Mail
50%
50%

CrowdStrike Launches $1 Million Security Breach Warranty

Covers all costs of a data breach that occurs within the systems protected by its EPP Complete endpoint security service.

CrowdStrike is the latest security vendor to put its money where its product or service is with the offer of a $1 million warranty covering costs of a data breach for customers of its Falcon Endpoint Protection Platforms (EPP) Complete service.

Product warranties, while still rare in the security industry, are becoming popular among enterprises looking for more guarantees from their vendors. More than a dozen security vendors now offer some sort of warranty for their offerings, but many are relatively narrow in their scope.

Proofpoint, Symantec, SentinelOne, and Trustwave are among the security product vendors that reimburse customers for various security failures with their products or services. Symantec, for instance, offers coverage for its LifeLock identity theft protection service from $25,000 to $1 million for stolen funds, while SentinelOne offers $1,000 per endpoint infected with ransomware and up to $1 million in aggregate per year for a ransomware attack that slips past its endpoint product.

CrowdStrike's new warranty – which comes at no extra charge as part of its EPP Complete service - covers any costs associated with a data breach that occurred within the systems the service protects. Those expenses include incident response, legal, notification, credit monitoring, forensic investigation, and public communications.

Dmitri Alperovitch, co-founder and chief technology officer at CrowdStrike, says the goal of the warranty is to emphasize and stand behind the company’s mission of stopping breaches. "It's a concrete way we can prove it to our customers," he says. "They essentially get a payment if things fail. But we don't think they are likely to [fail]." 

EPP Complete is basically a turnkey service that includes both the Falcon endpoint protection technology and the CrowdStrike EPP security team that administers and monitors the systems, notes Austin Murphy, vice president of managed services at CrowdStrike.

The EPP team was spun out of CrowdStrike's IR practice, of which Murphy was the former director.

Alperovitch says he expects other security vendors to offer similar warranty programs. "I think more are likely to jump in," he says. "The proof will be in the details. I do hope they take our approach and make it simple, cover everything, and not create a situation where it’s just a marketing gimmick."

Related Content:

 

 

Kelly Jackson Higgins is the Executive Editor of Dark Reading. She is an award-winning veteran technology and business journalist with more than two decades of experience in reporting and editing for various publications, including Network Computing, Secure Enterprise ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Why Cyber-Risk Is a C-Suite Issue
Marc Wilczek, Digital Strategist & CIO Advisor,  11/12/2019
Unreasonable Security Best Practices vs. Good Risk Management
Jack Freund, Director, Risk Science at RiskLens,  11/13/2019
Breaches Are Inevitable, So Embrace the Chaos
Ariel Zeitlin, Chief Technology Officer & Co-Founder, Guardicore,  11/13/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Navigating the Deluge of Security Data
In this Tech Digest, Dark Reading shares the experiences of some top security practitioners as they navigate volumes of security data. We examine some examples of how enterprises can cull this data to find the clues they need.
Flash Poll
Rethinking Enterprise Data Defense
Rethinking Enterprise Data Defense
Frustrated with recurring intrusions and breaches, cybersecurity professionals are questioning some of the industrys conventional wisdom. Heres a look at what theyre thinking about.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-19010
PUBLISHED: 2019-11-16
Eval injection in the Math plugin of Limnoria (before 2019.11.09) and Supybot (through 2018-05-09) allows remote unprivileged attackers to disclose information or possibly have unspecified other impact via the calc and icalc IRC commands.
CVE-2019-16761
PUBLISHED: 2019-11-15
A specially crafted Bitcoin script can cause a discrepancy between the specified SLP consensus rules and the validation result of the [email protected] npm package. An attacker could create a specially crafted Bitcoin script in order to cause a hard-fork from the SLP consensus. All versions >1.0...
CVE-2019-16762
PUBLISHED: 2019-11-15
A specially crafted Bitcoin script can cause a discrepancy between the specified SLP consensus rules and the validation result of the slpjs npm package. An attacker could create a specially crafted Bitcoin script in order to cause a hard-fork from the SLP consensus. Affected users can upgrade to any...
CVE-2019-13581
PUBLISHED: 2019-11-15
An issue was discovered in Marvell 88W8688 Wi-Fi firmware before version p52, as used on Tesla Model S/X vehicles manufactured before March 2018, via the Parrot Faurecia Automotive FC6050W module. A heap-based buffer overflow allows remote attackers to cause a denial of service or execute arbitrary ...
CVE-2019-13582
PUBLISHED: 2019-11-15
An issue was discovered in Marvell 88W8688 Wi-Fi firmware before version p52, as used on Tesla Model S/X vehicles manufactured before March 2018, via the Parrot Faurecia Automotive FC6050W module. A stack overflow could lead to denial of service or arbitrary code execution.