San Francisco, CA, September 24, 2024 โ Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that it is making several critical security tools free, including access to its comprehensive Zero Trust platform, Cloudflare One. By tapping into the power of these tools, security teams will now be able to efficiently gain visibility into and assess the overall health of their organization, without the stress of expensive vendor renewals or diminishing security budgets. Customers will be able to combat some of todayโs highest profile threats โ automatically, by default โ including credential leaks, supply chain attacks, and attacks on the technology that underpins the communication between todayโs most used sites and apps: APIs.
One of the biggest barriers to securing an organization is the cost of purchasing the tools necessary to defend against todayโs sophisticated threat actors. The services required to adequately achieve this are traditionally only attainable by enterprises large enough to afford both the technology and the teams to manage it. For most other organizations, negotiating the renewal of security vendors is difficult, increasingly expensive, and one of the biggest headaches that CISOs face. In 2024, software inflation is expected to hit 12.3%, which points towards hefty increases in renewal rates. But these price increases are not indicative of any additional value added to the tools and services they provide. As the attack surface grows โ with novel vulnerabilities discovered daily, alongside emerging threat actor groups, tactics and malware โ security teams require access to effective protections that arenโt overpriced or lock them into relationships that are difficult and costly to get out of.
โFor every dollar a customer spends, we should be giving them 10x the value in return. But most security vendors increase their pricing every year without adding any value,โ said Matthew Prince, co-founder and CEO of Cloudflare. "By releasing these features for free, organizations wonโt be forced to decide between saving money or safeguarding their most sensitive data and services. And with greater adoption of these features through our free plan, Cloudflare can make them more effective, ultimately making the Internet a safer place for everyone.โ
Now, organizationโs of all sizes across any industry can protect themselves from todayโs threats โ backed by the power of Cloudflareโs global network โ allowing them to:
Cloudflareโs free security offerings are all generally available to Cloudflare customers at this time, and enabled by default to customers on the Free plan.
To learn more, please check out the resources below:
About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company on a mission to help build a better Internet. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflareโs connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the worldโs largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations โ from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflareโs connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at https://radar.cloudflare.com.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as โmay,โ โwill,โ โshould,โ โexpect,โ โexplore,โ โplan,โ โanticipate,โ โcould,โ โintend,โ โtarget,โ โproject,โ โcontemplate,โ โbelieve,โ โestimate,โ โpredict,โ โpotential,โ or โcontinue,โ or the negative of these words, or other similar terms or expressions that concern Cloudflareโs expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare One and Cloudflareโs other products and technology, potential benefits to Cloudflareโs customers from using Cloudflare One and Cloudflareโs other products and technology, potential benefits and features from Cloudflare One or other of Cloudflareโs products and technology, the timing of when Cloudflare One or any of its related features will be generally available to all current and potential Cloudflare customers, Cloudflareโs technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflareโs CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflareโs filings with the Securities and Exchange Commission (SEC), including Cloudflareโs Quarterly Report on Form 10-Q filed on May 2, 2024, as well as other filings that Cloudflare may make from time to time with the SEC.
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