New Report Reveals Rapid Growth in Crowdsourced Security Testing for Compliance

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Summary

REDWOOD CITY, Calif. & NEW YORK--(BUSINESS WIRE)--Synack, the most trusted crowdsourced security testing platform for Fortune 500 and Global 2000 companies and government agencies, released a new report Wednesday detailing a major cultural shift taking part among some of the world’s largest organizations and institutions. In an increasingly connected, highly regulated and digital world, business leaders and decision makers are turning to outside vendors that can ramp up quickly in a cost effective manner. “This shift toward continuous crowdsourced security testing will allow organizations and institutions to have the best of both worlds by procuring technology that offers efficient and effective results while fulfilling best practice standards such as NIST 800-53 to meet compliance objectives,” said Kuhr. 44% of organizations and institutions surveyed are performing security tests on a monthly or weekly basis, which suggests they are moving toward the more effective continuous model that crowdsourced solutions enable. 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.

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Retail
applications
Data Management

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Cybersecurity Software as a Service (SaaS) Offensive Security Testing Platform

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Synack
$10M to $25M