CrowdSec thinks using an IDS is the key to stopping hackers

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Modern organizations face cyber threats from all directions. Whether it’s DDoS attacks, brute force hackers, or VOIP moderation, businesses must be prepared to protect their internal systems.

While there are many solutions available to do this, Intrusion Detection Systems (IDS) provide a framework for identifying any malicious attempt to break into a corporate environment.

One of these suppliers, CrowdDryannounced that it has raised €14 million ($14.8 million) in a Series A funding round led by Supernova Invest.

CrowdSec’s flagship solution includes an open-source IDS and Intrusion Prevention System (IPS) that provides a real-time blocklist curated by tens of thousands of machines and IP addresses.

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The organization claims that this provides businesses with the largest real-time database of IP addresses controlled by cybercriminals, allowing them to protect against a high volume of zombie machines.

Now is the time to fight automated attacks

The announcement comes as bot attacks are on the rise. To research shows that websites are attacked 172 times a day, the equivalent of eight attacks per minute.

Cybercriminals typically compromise users’ devices so that they can use them to launch malicious attacks against target organizations.

“CrowdSec can analyze and process over 50 different types of behavior seen in the logs. This ranges from credit card stuffing, port or website scans, brute force credential, VOIP dunking, CMS comment trolling, e-commerce scalping, L7 DDoS, etc. said CrowdSec CEO and co-founder Philippe Humeau.

“If it can be registered, CrowdSec can handle it. Once an issue has been dealt with locally, if the heavier smear of the same IP address is seen elsewhere in our user community, the IP address behind it begins to build a reputation against itself and eventually end up in the blacklist, further strengthening the protection for everyone. It’s like the Waze of firewalls,” Humeau said.

The IDPS market

CrowdSec falls best in the Intrusion Detection and Prevention Systems Marketwhich is expected to grow from $4.57 billion in 2020 to $9.04 billion by 2028. Currently, 100,000 users are using the solution.

The organization’s IPS solution competes with a range of other vendors, including Trend Microwith TippingPoint, a next-generation intrusion prevention system (NGIPS) designed to protect infrastructure and data in real time against known and unknown vulnerabilities with threat prioritization.

Trend Micro recently announced a fundraising of over $500 million in Recurring annual revenue (ARR) in the fourth quarter of 2021.

Another competitor is FireEyewhich offers an IPS in addition to its FireEye Network Security solution capable of detecting known and unknown malware threats.

FireEye’s Multi-Vector Virtual Execution (MVX) technology automatically validates signature-based threats to identify legitimate security incidents and reduce false positives. In June 2021, FireEye announcement he intended to sell his product business for $1.2 billion to Symphony Technology, a private equity firm.

Humeau says CrowdSec differentiates itself from competitors based on its ability to detect unknown threats.

“Our competitors primarily harvest their signals via honeypots, so they are more likely to catch ‘CVE farmers’ – people who industrialize the exploitation of known vulnerabilities. They therefore detect “background noise” (like Greynoise) but not attacks sent in a targeted manner against real servers by cybercriminals eager to make a real profit,” Humeau said.

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