CrowdStrike and ExtraHop team up to tackle shadow AI risks

AUSTIN, Texas & SAN FRANCISCO - In a move to bolster cybersecurity defenses against unauthorized AI usage, CrowdStrike (NASDAQ: CRWD) and ExtraHop have announced an expanded partnership. The collaboration aims to provide Security Operations Center (SOC) teams with enhanced capabilities to detect and mitigate shadow AI threats across enterprise networks.

Shadow AI poses a significant risk to corporate security as it often eludes IT and security teams’ oversight, leading to potential data breaches and security incidents. To address this, the integration of ExtraHop’s network intelligence with CrowdStrike’s Falcon Next-Gen SIEM offers real-time visibility and automated responses to unauthorized AI activities. With a robust current ratio of 1.77 and revenue growth of 29.4% in the last twelve months, CrowdStrike demonstrates strong financial health to support its expansion initiatives.

The partnership enables SOC teams to gain comprehensive visibility and control over AI service usage. By combining network telemetry from ExtraHop with data from Falcon Next-Gen SIEM and Falcon Fusion SOAR’s automated remediation, security professionals can now more effectively identify and contain unauthorized AI models and agents.

Daniel Bernard, chief business officer at CrowdStrike, highlighted the urgency of addressing shadow AI risks, stating that the integration with ExtraHop delivers "AI-native security and real-time network intelligence" for more effective detection and control of unauthorized AI.

Kanaiya Vasani, chief product officer at ExtraHop, emphasized the importance of network telemetry for visibility into AI services’ use across enterprises. He expressed confidence that the deepened partnership with CrowdStrike would provide unmatched insight and a streamlined solution for managing AI-related security risks.

The announcement underscores both companies’ commitment to advancing cybersecurity measures in the face of growing AI tool adoption across various business environments. This integration is expected to enhance organizations’ abilities to embrace AI innovation securely, without compromising sensitive data.

This news is based on a press release statement from the companies involved. For deeper insights into CrowdStrike’s financial performance and growth prospects, InvestingPro subscribers can access comprehensive analysis, including 15 additional ProTips and detailed financial metrics in the Pro Research Report, helping investors make more informed decisions about this rapidly growing cybersecurity leader.

In other recent news, CrowdStrike Holdings has reported significant developments that are of interest to investors. The company unveiled the Falcon Privileged Access module, a new addition to its Falcon Identity Protection suite, designed to enhance security across the identity attack lifecycle. This module introduces Just-in-Time Privileged Access, which dynamically adjusts access permissions based on real-time risk signals. Additionally, the company has expanded its automation capabilities with the integration of Charlotte AI Agentic Detection Triage, promising high accuracy in threat detection.

Cantor Fitzgerald has maintained its Overweight rating on CrowdStrike, with a price target of $440, expressing confidence in the company’s growth trajectory. In leadership news, CrowdStrike has announced a new compensation package for its CEO, George Kurtz, effective February 2025, with an annual base salary of $1.1 million and a target incentive of 135%. Similarly, President Michael Sentonas will receive an annual base salary of $875,000 with a 100% target incentive. These changes reflect the company’s commitment to aligning executive compensation with its strategic goals.

Furthermore, CrowdStrike has rehired Alex Ionescu as Chief Technology Innovation Officer, who will focus on enhancing the Falcon platform’s architecture. Ionescu’s return is seen as a strategic move to strengthen the company’s technical engagement with major operating systems. These developments underscore CrowdStrike’s ongoing efforts to maintain its competitive edge in the cybersecurity industry.

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