Cylance

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Not to be confused with Silence.
Cylance Inc.
Company typePrivate [1]
IndustryComputer security
Founded2012; 12 years ago (2012)
FounderStuart McClure, Ryan Permeh
Headquarters
Irvine, California
,
United States
ServicesAnti-virus, anti-malware
RevenueIncrease $100.1 Million(2019)[2]
Number of employees
760[3]
ParentBlackBerry Limited
WebsiteCylance.com

Cylance Inc. Is an American software firm based in Irvine, California[4] that developed antivirus programs and other kinds of computer software that sought to prevent, rather than reactively detect, viruses and malware. Cyber Secure India described it as "the first company to apply artificial intelligence, algorithms, and machine learning to cyber security."[5][dubious – discuss]

In February 2019, the company was acquired by BlackBerry Limited.[6][7].After the acquisition it will continue to operate as an independent subsidiary and will remain headquartered in Irvine, California.

Cylance stated that their goal has been to "block computer viruses or malware before they have an effect on a user's computer".[5]

Founding

Cylance was founded by Stuart McClure and Ryan Permeh in 2012. McClure was previously co-founder of Foundstone, a security consultancy. He sold Foundstone to McAfee in 2004, and became that firm's Chief Tech Officer.[8] McClure is also the author of Hacking Exposed.[9]

Cylance's founding came about as a result of McClure's speeches on cybersecurity. In them, he was often asked how he protected his own computer. He noted that he lacked trust in any security technology since it was all reactive in nature (for example, legacy antivirus technology), meaning it only cleaned up after an attack or prevented it a second time. Consequently, McClure began developing a technology based on "proactive protection".[9]

Funding

A July 2015 report indicated that Cylance had raised $42 million from investors including Draper Fisher Jurvetson, Kohlberg Kravis Roberts, Dell, CapitalOne, and TenEleven Ventures.[8] It received another $100 million in June 2016 with lead investors Blackstone Tactical Opportunities (part of The Blackstone Group) and Insight Venture Partners.[10] They received an investment from In-Q-Tel in September 2015.[11][12]

Product Features

McClure claims that Cylance's antivirus product does not use security features, such as unique signatures, heuristics, behavioral analysis, sandboxing, virtualization, or blacklisting. Rather, the product claims to use artificial intelligence to identify and stop attackers. McClure claims that its security features are similar to the human brain's way of identifying threats, wherein it "teaches" computers to identify indicators of an attack.[8]

Operation Cleaver

Main article: Operation Cleaver

Operation Cleaver was a covert cyberwarfare operation allegedly carried out by the Iranian government against targets worldwide, specifically critical infrastructure entities. Cylance published a report about the operation in late 2014. Iranian officials rejected Cylance's conclusions, but the FBI tacitly confirmed them.[13][14][15]

MOTEX Collaboration

In May 2016, Cylance announced a new collaboration with MOTEX, an Osaka-based firm, to integrate MOTEX LanScope, an endpoint security management, and CylancePROTECT, Cylance's leading product, which claims to proactively detect and prevent malware. The end product will be called CylancePROTECT Cat.[5]

Acquisition by BlackBerry Limited

In February 2019, the company was acquired by BlackBerry Limited for $1.4 billion.[16][17][18]

Controversies

Malware Scandal

In November 2016, a systems engineer evaluated 48 files of malware samples provided by Cylance for testing their protection system "Protect", and found that 7 of them weren't malware.[19] This led to an accusation that Cylance was using the test to look superior to its opponents by providing files that other products would fail to detect as malware.[20][19] In response, Cylance executives said that they used repackaged malware samples for testing.[19]

Honors and Awards

The company has won several awards.[21]

In March 2018, Cylance won the 2018 MSPWorld Cup Award.[22]

In November 2017, LinkedIn recognized Cylance as one of the "Top Companies | Startups" of the year 2017.[23]

In October 2017, Cylance was certified as a "Great Place to Work" on GreatPlaceToWork.com.[24]

In September 2017, Cylance was announced a winner of the Gartner Peer Insights Customer Choice Award for Endpoint Protection Platforms by Gartner Inc.[25]

In August 2017, Cylance made the Inc. Magazine's Inc. 5000 List for the second year in a row.[26]

In May 2017, Cylance made the CNBC Disruptor 50 list[27] for the second year in a row.[28]

In March 2017, CylancePROTECT was named Best Endpoint Protection Product of 2016 by SANS Community.[29]

In July 2016, McClure was named Orange County Entrepreneur of the Year in the category of technology.[9]

In 2016, Cylance was ranked #23 on the Forbes Cloud 100 list.[30]

See also

References

  1. ^ "Cylance in Irvine bought by BlackBerry for $1.4 billion". Feb 22, 2019.
  2. ^ "Cylance". Forbes.
  3. ^ Work, Great Place to. "Working at Cylance". Great Place to Work®.
  4. ^ "Company Overview of Cylance Inc". Bloomberg L.P.
  5. ^ a b c Guru, Sagganik; Khyati, Jain (May 12, 2016). "U.S. based Cylance Inc. and Japan's MOTEX Unite to Establish Advanced Cyber Threat Prevention Solutions in Japan". Cyber Secure India. Archived from the original on August 17, 2016. Retrieved August 4, 2016.{{cite web}}: CS1 maint: multiple names: authors list (link)
  6. ^ "BlackBerry to Acquire Cylance and Add Premier AI and Cybersecurity Capabilities".
  7. ^ "BlackBerry: What the Cylance Acquisition Means for Cyber Business | Fortune".
  8. ^ a b c Hackett, Robert (Jul 28, 2015). "Cylance raises $42 million for AI-based security software". Fortune Magazine.
  9. ^ a b c "EY Entrepreneur Of The Year® 2016 Orange County". Smart Business Online. Jul 1, 2016.
  10. ^ "Cylance Announces $100 Million Series D Funding Round Led by Blackstone Tactical Opportunities and Insight Venture Partners". Wallstreet-online.de. Wallstreet:Online AG. 2016-06-08. Retrieved 2016-11-25.
  11. ^ "Cylance Announces Strategic Partnership with In-Q-Tel". In-Q-Tel. In-Q-Tel. 2016-02-16. Retrieved 2020-02-17.
  12. ^ "Cylance". In-Q-Tel. In-Q-Tel. Retrieved 2020-02-17.
  13. ^ Plummer, Quinten (December 15, 2014). "Operation Cleaver is Bigger Threat than Previously Thought, FBI Warns US Businesses". Tech Times. Retrieved March 30, 2015.
  14. ^ Bertrand, Natasha (December 8, 2014). "Iran Is Officially A Real Player In The Global Cyber War". Business Insider. Retrieved March 30, 2015.
  15. ^ Riley, Michael A; Robertson, Jordan (December 2, 2014). "Iran-Backed Hackers Target Airports, Carriers: Report". Bloomberg News. Retrieved March 30, 2015.
  16. ^ "BlackBerry Completes Acquisition of Cylance" (Press release). PR Newswire. February 21, 2019.
  17. ^ Coop, Alex (February 21, 2019). "BlackBerry completes acquisition of Cylance". IT World Canada.
  18. ^ Team, Trefis. "Why BlackBerry's Acquisition Of Cylance Makes Sense". Forbes. Retrieved 2019-08-12.
  19. ^ a b c Gallagher, Sean (2017-04-17). "Lawyers, malware, and money: The antivirus market's nasty fight over Cylance". Ars Technica. Retrieved 2022-07-13.
  20. ^ EDITOR, Michael ChindamoMANAGING; Technology, SnapMunkMike Is a GTA Local; Writer, Geek Interest Writer Having Worked in the Field for Nearly Ten Years as a Contributing; Fashion, Editor for Various Publications in; Entertainment; Gaming; Things, News Since Then He’s Offered a Variety of Opinions on; Since 1987, Then Moves on to the Next Bit of News That Interested Him He Has Remained Properly Unfashionable; Way, Plans to Stay That (2017-04-21). "Cyber Security Company Cylance Faces Fraud Controversy As Layoffs Continue". SnapMunk. Retrieved 2022-07-13. {{cite web}}: |first4= has generic name (help)CS1 maint: numeric names: authors list (link)
  21. ^ "Stock Market | FinancialContent Business Page". markets.financialcontent.com. Retrieved 2018-03-22.
  22. ^ "Cylance® Wins 2018 MSPWorld Cup Award™ - Managed Services & Cloud Computing Blog". 2018-03-20. Retrieved 2018-03-22.
  23. ^ "LinkedIn Top Companies | Startups: The 50 industry disruptors you need to know now". 2017-11-01. Retrieved 2018-03-22.
  24. ^ "Cylance". reviews.greatplacetowork.com. Retrieved 2018-03-22.
  25. ^ "Winners Announced for the Gartner Peer Insights Customer Choice Awards for Endpoint Protection Platforms". Retrieved 2018-03-22.
  26. ^ "Cylance® Named to Inc. 5000 List for Second Consecutive Year with More Than 1,454% Revenue Growth Over Three Years". www.cylance.com. Retrieved 2018-03-22.
  27. ^ CNBC (2017-05-16). "Meet the 2017 CNBC Disruptor 50 companies". CNBC. Retrieved 2018-03-22.
  28. ^ "Cylance Named To CNBC Disruptor 50 List for Second Consecutive Year". www.cylance.com. Retrieved 2018-03-22.
  29. ^ "SANS Institute - SANS Best of Awards". www.sans.org. Retrieved 2018-03-22.
  30. ^ "Forbes Cloud 100". Forbes. Retrieved 17 November 2016.
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