CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live Conference in Laguna Beach, California on October 21, 2019.
Martina Albertazzi | Bloomberg | Getty Images
Cybersecurity stocks fell for a second straight day on Monday as investors spooked about new artificial intelligence security tools that threaten to replace the cybersecurity industry’s long-standing business model.
Anthropic debuted a new security tool on its Claude model Friday in a limited research preview. AI Lab says the service can scan software code for vulnerabilities and suggest solutions. Anthropic is scheduled to hold a company information session Tuesday with new product announcements.
cloud strike and Z scaler They each fell about 10% on Monday, but netscope and Tenable It fell by about 12%. sail point 9% down; Octa Although it decreased by more than 6%, sentinel one and fortinet Each lost more than 4%. palo alto networks Last time it was down 3%. cloudflarehas benefited from the recent Moltbot craze, falling more than 9%.
of iShares Cybersecurity & Technology ETF down about 5%, Global X Cybersecurity ETF It has fallen to the lowest level since November 2023.
CrowdStrike CEO George Kurtz claimed in a LinkedIn post over the weekend that the company has protected its moat in a world full of new AI products.
“AI innovation is exciting,” he wrote. “But let’s be real: AI capabilities that scan code are not a replacement for the Falcon platform or your security program. Security requires an independent, battle-tested platform built to stop breaches.”
Palo Alto CEO Nikesh Arora said on an earnings call with analysts last week that he is “confused” as to why the market sees AI as a threat to cybersecurity and why customers want more AI to extend their security stacks.
New AI tools that let you quickly create websites and apps through prompts and text have been stirring up the software world in recent months. Since the beginning of this year, the software giant sales force Approximately one-third of the value has been lost, ServiceNow It plummeted by more than 34%. microsoft The value has fallen by about one-fifth.
Cybersecurity is feeling the pinch right now.
However, some analysts disputed concerns that AI might automate some common cybersecurity tasks. Bank of America said the Anthropic tool only poses a significant threat to code scanning platforms such as: GitLab and jayfrogplunged 8% and 25%, respectively, on Friday.
“While we believe AI can improve the efficiency of certain workflows, particularly code scanning, it currently does not have the visibility, control, and reliability to replace end-to-end security platforms,” the analysts wrote.
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