CrowdStrike’s warranty has people talking

Hacker typing on a laptopCrowdstrike is getting a lot of attention after it posted a new warranty where it will pay customers if something goes wrong with the security of their products.

At  an InfoSec event, the decision by CrowdStrike to offer a $1 million warranty if a breach occurs in a protected environment stood out. All this is happening as endpoint protection specialist looking to take advantage of customer movement away from legacy products.

Matthew Polly, VP of worldwide alliances, business development and channels at CrowdStrike, told the assembled throngs that customers had changed. Legacy vendors are really designed for file-based attacks b ut the threat is now over 50 percent file-less hacks. Hackers were, “threading laterally, dumping credentials on the way and the legacy technology are not designed to plot that type of activity.”

The firm is working with resellers, MSPs and ISVs as well as striking up technology alliances that give it the chance to reach out to other vendor resellers.

He said that the reaction from partners and customers to the warranty had been positive and it was stirring a debate about endpoint protection. “Resellers have been excited about it and it is a very fast growing offering.”