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Synack Named to the 2019 CNBC Disruptor 50 for Innovative Crowdsourced Security Platform

May 15, 2019

REDWOOD CITY, Calif.--(BUSINESS WIRE)--May 15, 2019--

Synack, the most trusted crowdsourced penetration testing platform, announced today it was named to the 2019 CNBC Disruptor 50 list. This is the fourth time the company has been recognized for disrupting the status quo in traditional security testing by scaling resource-strained security teams with Synack’s elite crowdsourced ethical hacker team augmented by Synack’s AI platform.

The largest challenges in cyber security today can be attributed to difficulty scaling. Not only will there be more than 3.5M open cybersecurity jobs by 2021, but a growing number of development organizations build and release new code multiple times per day and on average, more than 180 vendors access a company’s network in any given week.

Synack is the first penetration testing solution to offer seamless integration of human intelligence and artificial intelligence at a continuous 24/7/365 cadence to solve the issue of scale for security teams.

“Synack is making us smarter and faster. Continuous testing using the Synack platform and the Synack crowdsourced red team, allows us to get more detailed information about our vulnerabilities and weaknesses. We now flow that information to members of the security team using the Synack portal, and to our developers through Jira, closing the loop, and resulting in faster remediation and more secure code development,” said a Synack Fortune 500 customer.

Highlighting Synack’s position as a market leader, when Gartner’s Crowdsourced Security Testing Platform (CSSTP) category was released last year, Synack was the only security company profiled in the category.

Unlike a simple bug bounty program, Synack doesn’t just recruit a crowd - it retains, develops, harnesses, and directs the crowd through technology. Synack Missions provide structured testing methodologies to its customers for strict adherence to compliance standards such as PCI and NIST. “Synack’s highly structured approach to crowdsourced testing puts the customer’s security team in control, and delivers fast, actionable intelligence and analytics,” said Jay Kaplan, CEO and Co-founder of Synack.

The company has also launched the industry’s first Attacker Resistance Score, which helps organizations measure and understand their security from a hacker’s perspective. Industries’ top brands are using this new scoring standard to build brand trust with customers. On average, Synack customers that have utilized crowdsourced penetration testing for two or more years are up to 2x stronger against cyber attacks than they were in their first year.

“No company or individual is safe from the onslaught of cyber threats today regardless of size or brand value,” said Dr. Mark Kuhr, CTO and Co-founder of Synack. “The adoption of Synack’s groundbreaking model has become increasingly prevalent across government agencies, global enterprise leaders, and high-growth organizations who realize they must act now - and act differently - when it comes to cybersecurity.”

Today, Synack secures close to $1 trillion in Fortune 500 revenue, 75% of the top credit card companies, top 10 consulting firms and security companies, and over 50% of federal cabinet-level agencies. Today’s CNBC Disruptor 50 accolade follows Synack’s recognition as a 2019 Cyber Defender by CB Insights, CREST-accredited penetration testing provider, CIO Review’s 20 Most Promising Enterprise Security Solution Providers, The Software Report’s Top 25 CyberSecurity Companies, and Wealthfront’s 2019 Career-Launching Companies.

About Synack

Synack, the most trusted crowdsourced security platform, delivers comprehensive and continuous penetration testing with actionable results. The company combines the world’s most skilled and trusted ethical hackers with AI-enabled technology to create a scalable, effective security solution. Headquartered in Silicon Valley with regional offices around the world, Synack protects leading global banks, federal agencies, DoD classified assets, and close to $1 trillion in Fortune 500 revenue. Synack was founded in 2013 by former US Department of Defense security experts Jay Kaplan, CEO, and Dr. Mark Kuhr, CTO. For more information, please visit www.synack.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005270/en/

CONTACT: Ellie McCardwell, Synack Communications

Email:press@synack.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY SECURITY

SOURCE: Synack

Copyright Business Wire 2019.

PUB: 05/15/2019 06:00 AM/DISC: 05/15/2019 06:00 AM

http://www.businesswire.com/news/home/20190515005270/en