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.

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.

Recently, Europeans were hit by an influx of SMS texts claiming to be package delivery notifications. It turns out these messages were orchestrated by threat actors seeking to distribute malicious apps laced with the banking trojan FluBot, also known as Cabassous. Once the victims download the malware, the app can intercept SMS messages, steal contact information and display screen overlays to trick users into handing over their credentials.

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.