'AI Is Expanding The Attack Surface:' CrowdStrike CEO Warns China's 'State-Sponsored' Adversaries Are Using LLMs For Cyber Intrusions - CrowdStrike Holdings (NASDAQ:CRWD)

Core Insights - The CEO of CrowdStrike Holdings Inc., George Kurtz, highlighted the increasing threat of AI-driven cyber attacks from adversarial nation-states, particularly China, during the company's third-quarter earnings call [1][3]. Group 1: AI and Cybersecurity Threats - Kurtz stated that AI is significantly expanding the "attack surface," as businesses are integrating a new type of workforce known as the "agentic workforce," which includes both humans and autonomous agents with access to sensitive data and applications [2]. - He emphasized that the ability for anyone to utilize AI for hacking purposes has transformed the landscape of cyber threats, making sophisticated adversaries more accessible [3]. - Recent incidents, including state-sponsored adversaries using large language models (LLMs) for cyber intrusions, underscore the urgency for enhanced security measures in AI environments [3][4]. Group 2: Company Performance - CrowdStrike reported third-quarter revenue of $1.23 billion, reflecting a 22% year-over-year increase and surpassing consensus estimates of $1.22 billion [4]. - The company achieved profits of $0.96 per share, exceeding the prior year's estimate of $0.94 [4]. - Despite the positive earnings report and an upward revision of its full-year revenue outlook to between $4.797 billion and $4.807 billion, the stock experienced a decline of 2.11% following the results [5].