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CrowdStrike Falters Despite New Developments

CrowdStrike (NASDAQ: CRWD) reported its stock headed downward Tuesday.

The company, a market leader in threat intelligence and pioneer in managed threat hunting today announced another cybersecurity first, with the launch of CrowdStrike Counter Adversary Operations. The new team and offerings bring together CrowdStrike Falcon Intelligence , the CrowdStrike Falcon® OverWatch managed threat hunting teams and trillions of the latest telemetry events from the AI-powered CrowdStrike Falcon® platform to detect, disrupt and stop today’s sophisticated adversaries in their tracks and ultimately raise their cost of doing business.

The launch of the new Counter Adversary Operations comes fresh on the heels of CrowdStrike being named a leader in The Forrester Wave: External Threat Intelligence Service Providers, Q3 2023 . CrowdStrike received the highest ranking of all vendors in the Current Offering category, with the highest score possible in 16 criteria, surpassing all other vendors evaluated in the report.

In the just released CrowdStrike 2023 Threat Hunting Report , CrowdStrike revealed massive year-over-year increases in identity-based attacks, interactive intrusions (i.e. hands-on-keyboard activity) and increased use of legitimate remote monitoring and management (RMM) tools – all while breakout time dropped to a record low. Specifically, the report – the first under the new Counter Adversary Ops team – found a 583% year-over-year increase in Kerberoasting attacks, a technique adversaries can abuse to obtain valid credentials for Microsoft Active Directory service accounts.

CRWD shares weakened $5.91, or 3.9%, to $145.06.