CrowdStrike SEC Readiness Offering Prepares Public Companies for New Breach Disclosure Rules
March 14 2024 - 8:00AM
Business Wire
Industry-first offering empowers Boards of
Directors and C-suite executives to navigate SEC breach disclosure
regulations by assessing technical risk, testing materiality
decisions and informing annual disclosures
CrowdStrike (NASDAQ: CRWD) today unveiled CrowdStrike SEC
Readiness Services, providing public companies the technology and
expertise required to mitigate risk and comply with the new SEC
breach disclosure rules. Powered by the AI-native CrowdStrike
Falcon® XDR platform and the industry-leading CrowdStrike Services
team, Boards of Directors and C-suite executives can gain the
strategic insights needed to harden the organization against
breaches, make materiality decisions and issue annual cyber
disclosures with confidence.
The new SEC regulations require public companies to disclose the
processes for assessing, identifying and managing material risks
from cybersecurity threats in their annual 10-K filing, and to
report on material cyber incidents within four days of determining
an incident is material. These new regulations increase pressure on
public companies and their boards, as determining the materiality
of a breach can be difficult, and failure to comply with the
requirements could result in litigation or financial penalties.
CrowdStrike’s comprehensive SEC Readiness Services assist Boards of
Directors and C-suite executives in addressing critical questions,
assessing organizational risk, understanding what might constitute
a material incident and having confidence that annual cyber
disclosures are accurate.
“The new SEC rules substantiate the gravity of today’s
cybersecurity threats and have changed the way company boards
should view cyber risk. In the face of unprecedented pressure on
boards and executives to prioritize cybersecurity, it is critical
they have a partner like CrowdStrike in the foxhole with them,”
said George Kurtz, co-founder and CEO of CrowdStrike. “Our
expertise from responding to some of the world's most damaging
cyber incidents, unparalleled understanding of the threat landscape
and industry-leading technology provide the edge public companies
need to meet disclosure requirements and harden their environments
to stop breaches.”
CrowdStrike’s new SEC Readiness Services help organizations
navigate SEC cyber regulations through:
- Detailed Risk Management Reviews: CrowdStrike boosts
organizational confidence in risk disclosures with a two-pronged
approach consisting of a technical assessment and program review.
Leveraging the power of the Falcon platform, organizations gain a
detailed technical assessment of their current security posture. By
identifying gaps that could lead to an incident, organizations can
align security policies and practices to harden their cyber
defenses and stop breaches. In addition, CrowdStrike experts
provide a programmatic review of the organization’s risk management
practices, ensuring that the people, processes and governance
structures align with the business. C-suite executives and Boards
of Directors gain deep visibility and oversight of the
organization’s risk posture to support public filings.
- Materiality Tabletop Exercises: CrowdStrike experts
design exercises that enable public companies to test their
processes for determining if a security incident is material and
requires filing an 8-K with the SEC. CrowdStrike tailors real-world
scenarios to each organization, allowing them to ensure they have
the right people at the table, considering the right information,
with the appropriate guidance necessary to know if a public
disclosure should take place.
For more information on CrowdStrike’s new SEC Readiness
Services, please read our blog.
About CrowdStrike
CrowdStrike (Nasdaq: CRWD), a global cybersecurity leader, has
redefined modern security with the world’s most advanced
cloud-native platform for protecting critical areas of enterprise
risk – endpoints and cloud workloads, identity and data.
Powered by the CrowdStrike Security Cloud and world-class AI,
the CrowdStrike Falcon® platform leverages real-time indicators of
attack, threat intelligence, evolving adversary tradecraft and
enriched telemetry from across the enterprise to deliver
hyper-accurate detections, automated protection and remediation,
elite threat hunting and prioritized observability of
vulnerabilities.
Purpose-built in the cloud with a single lightweight-agent
architecture, the Falcon platform delivers rapid and scalable
deployment, superior protection and performance, reduced complexity
and immediate time-to-value.
CrowdStrike: We stop breaches.
Learn more: https://www.crowdstrike.com/ Follow us: Blog |
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falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are
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version on businesswire.com: https://www.businesswire.com/news/home/20240314013425/en/
Kirsten Speas CrowdStrike Corporate Communications
press@crowdstrike.com
CrowdStrike (NASDAQ:CRWD)
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