Kaseya Ransomware Attack Has Led To A Windfall For ThreatLocker: CEO Danny Jenkins
ThreatLocker co-founder and CEO Danny Jenkins says his company experienced record sales growth in July in the wake of the Kaseya ransomware attack and is adding 60,000 new seats a month to its application whitelisting solution.
Kaseya Showed The ‘Value’ Of ThreatLocker
When the Kaseya ransomware attack hit MSPs in July, ThreatLocker experienced a record four-fold increase in sales for the month, said ThreatLocker co-founder and CEO Danny Jenkins.
“We are typically demoing in any given week to about 100 MSPs, but we are demoing to over 1,000 MSPs at the moment,” said Jenkins. “It’s continuing to gain momentum. Kaseya showed the value [of ThreatLocker] and it helped us to deliver to it.”
The Kaseya ransomware attack, which is widely considered the biggest ransomware attack ever, resulted in an estimated 60 MSPs and 1,500 end-user organizations with their data locked up by the REvil cybercriminals. Ultimately, the 10-day Kaseya VSA outage impacted 36,000 Kaseya MSP customers with REvil demanding the largest ransom of all time at $70 million.
The attack also marked an epochal moment for ThreatLocker, which has implemented long-valued whitelisting technology used in the enterprise and brought it to MSPs as a game-changing ransomware blocker.
“We’re adding 60,000 seats a week,” said Jenkins. “We ordered 100 new servers last week. We are racking servers like you wouldn’t believe. We process billions of rows of data every hour.”
Whitelisting effectively turns the tables on the bad guys by blocking everything unless it has explicitly been allowed by an MSP or IT administrator.
ThreatLocker—which now has over 2,000 partners—is adding 50 MSPs per week to its customer base, said Jenkins.