Today, I am excited to share that we secured $188M in a new funding round, at a valuation of $1.19B (read more here). At the outset, I want to thank our employees, partners, investors and most importantly, our customers for this important milestone. The funding follows a year of unmatched innovation that led to accelerated revenue growth, installed base growth, and rapid community adoption of our open source projects.

Cybercriminals are increasingly abusing popular cloud apps to deliver malware to their victims. In 2020, more than half of all the malware downloads detected and blocked by the Netskope Security Cloud platform originated from cloud apps. Cloud apps are commonly abused to deliver Trojans, with attackers attempting to exploit the trust placed in the app used for delivery. Increasingly, cloud apps are also abused for next-stage downloads, with attackers attempting to blend in with benign traffic.

The trove of 1.3 million RDP credentials leaked recently is yet again proof that, In the underground economy, initial access brokerage is a flourishing market. Cybercriminals are outsourcing the initial access stage of the attack, so they can better focus on the execution and act more quickly.

There’s a common misconception that cloud providers handle security, a relic leftover from hosting providers of previous decades. The truth is, cloud providers use a shared responsibility model, leaving a lot of security up to the customer. Stories of AWS compromise are widespread, with attackers often costing organizations many thousands of dollars in damages.

Companies have moved to cloud native software development so that they can increase development speed, improve product personalization, and differentiate their buyer experiences in order to innovate and win more customers. In doing so, enterprises have also redefined how they build and run software at a fundamental level.

“Where’s your app? Where’s your data?” For a long time, if you needed to know where your applications or data were, the answer was clear: it was always either on-premises or in a branch. Universally, almost regardless of organization size, infrastructures were contained, and visible within a defined boundary—you have a data center, a network, a branch, a user.

Now that the ongoing worldwide trend toward “going digital” has been accelerated by COVID-19, taking extra precautions to protect your organization’s data, communications and information assets is more important than ever. Of course, there are many traditional and emerging ways to protect and secure your business.

With the need to produce innovative software faster than ever, and cyberattacks not slowing down, it’s no surprise that, for projects large and small, ensuring the security of your code at every step is key. But if software engineers want to meet these everyday demands with success, it’s important to understand how different security scanning types fit in throughout the development process, and how the needs of your team might impact scans.