Cylance Explained

Cylance should not be confused with Silence.

Cylance Inc.
Type:Subsidiary[1]
Industry:Computer security
Hq Location City:Irvine, California
Hq Location Country:United States
Services:Anti-virus, anti-malware
Parent:BlackBerry Limited
Revenue: $189 Million(2021)
Num Employees:760[2]

Cylance Inc. is an American software firm based in Irvine, California,[3] that develops antivirus programs and other kinds of computer software that prevents viruses and malware.

In February 2019, the company was acquired by BlackBerry Limited for $1.4 billion.[4] [5] After the acquisition, it continues to operate as an independent subsidiary and will remain headquartered in Irvine, California.

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.[6]

Funding

A July 2015 report indicated that Cylance had raised $42 million from investors including Draper Fisher Jurvetson, Kohlberg Kravis Roberts, Dell, Capital One, and TenEleven Ventures.[6] It received another $100 million in June 2016 with lead investors Blackstone Tactical Opportunities (part of The Blackstone Group) and Insight Venture Partners.[7] They received an investment from In-Q-Tel in September 2015.[8] [9]

Operation Cleaver

See 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.[10] [11] [12]

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.[13] 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.[14] In response, Cylance executives said that they used repackaged malware samples for testing.

See also

Notes and References

  1. Web site: Cylance in Irvine bought by BlackBerry for $1.4 billion. Feb 22, 2019.
  2. Web site: Working at Cylance. Great Place to. Work. Great Place to Work.
  3. Web site: Company Overview of Cylance Inc. . Bloomberg L.P..
  4. Web site: BlackBerry to Acquire Cylance and Add Premier AI and Cybersecurity Capabilities.
  5. Web site: BlackBerry: What the Cylance Acquisition Means for Cyber Business Fortune.
  6. Web site: Hackett. Robert. Cylance raises $42 million for AI-based security software. Fortune Magazine. Jul 28, 2015.
  7. Web site: Cylance Announces $100 Million Series D Funding Round Led by Blackstone Tactical Opportunities and Insight Venture Partners. 2016-06-08. Wallstreet-online.de. Wallstreet:Online AG. 2016-11-25.
  8. Web site: Cylance Announces Strategic Partnership with In-Q-Tel . 2016-02-16 . . In-Q-Tel . 2020-02-17.
  9. Web site: Cylance. . In-Q-Tel . 2020-02-17.
  10. Web site: Operation Cleaver is Bigger Threat than Previously Thought, FBI Warns US Businesses. Quinten . Plummer. December 15, 2014 . March 30, 2015. Tech Times.
  11. Web site: Bertrand. Natasha. Natasha Bertrand. December 8, 2014. Iran Is Officially A Real Player In The Global Cyber War. March 30, 2015. Business Insider.
  12. Web site: Iran-Backed Hackers Target Airports, Carriers: Report . Michael A . Riley . Jordan . Robertson . December 2, 2014 . March 30, 2015. Bloomberg News.
  13. Web site: Gallagher . Sean . 2017-04-17 . Lawyers, malware, and money: The antivirus market's nasty fight over Cylance . 2022-07-13 . Ars Technica . en-us.
  14. Web site: 2017-04-21 . Cyber Security Company Cylance Faces Fraud Controversy As Layoffs Continue . 2022-07-13 . SnapMunk . en-US.