Press Release
Updated statement regarding LockBit claims
We have completed a thorough security investigation following yesterday’s tweets by LockBit claiming they had compromised Darktrace’s internal systems. We can confirm that there has been no compromise of our systems or any of our affiliate systems. Our service to our customers remains uninterrupted and is operating as normal and no further action is required.
Press Release
Statement regarding LockBit claims
Earlier this morning we became aware of tweets from LockBit, the cyber-criminal gang, claiming that they had compromised Darktrace’s internal security systems and had accessed our data. Our security teams have run a full review of our internal systems and can see no evidence of compromise. None of the LockBit social media posts link to any compromised Darktrace data. We will continue to monitor the situation extremely closely, but based on our current investigations we are confident that our systems remain secure and all customer data is fully protected.
Press Release
Poppy Gustafsson to step down as CEO of Darktrace; Jill Popelka appointed successor
Darktrace plc (DARK.L), a global leader in cybersecurity AI, announces Poppy Gustafsson will step down as Chief Executive Officer (CEO) with effect from today and Jill Popelka, Darktrace's current Chief Operating Officer (COO), has been appointed as her successor. Jill will assume the role of CEO and will also be appointed to the Darktrace Board of Directors with effect from today.
Jill has more than two decades of experience of driving operational best practices and maturing teams, systems and processes for fast-growing businesses. She previously held senior leadership roles at leading global technology businesses, including Accenture, Snap Inc and SAP SuccessFactors, one of the largest enterprise cloud businesses in the world, which she led as President. Jill joined Darktrace in January 2024 as a Non-Executive Director, before assuming her current role of COO at Darktrace on 1 June 2024.
Poppy Gustafsson, outgoing CEO of Darktrace, said: "Darktrace has been a huge part of my life and my identity for over a decade and I am immensely proud of everything we have achieved in that time. Together we have revolutionised the marketplace for cyber security and brought our AI-powered technology to almost 10,000 customers around the world, keeping them safe from cyber disruption.
This challenge has required tremendous personal and professional commitment from me. With the acquisition of Darktrace by Thoma Bravo nearing its completion and with us having identified an excellent successor in Jill, now is the right time to hand over the reins so Jill can lead Darktrace through its transition into private ownership and beyond. I am profoundly grateful to have had the privilege of leading such an exceptional team and I look forward to remaining engaged in this exciting next chapter of the business as a non-executive director after the transaction completes. I remain Darktrace's number one fan."
Gordon Hurst, Chairman of Darktrace, said: "Poppy is a remarkable leader who has grown and nurtured one of the UK's proudest technology success stories. Under Poppy's stewardship, the business has transformed from a promising collaboration of AI and intelligence experts to a high-growth global leader in cyber security. This has been reflected in the significant value Darktrace has created for its shareholders under Poppy's leadership since its IPO in 2021 and through the acquisition by Thoma Bravo, one of the world's leading investors in software businesses.
"Jill is a proven and highly regarded leader in global technology businesses who has contributed immensely to the Board and more recently in her role as COO. With Poppy stepping down, the Board has implemented its CEO succession plan and is delighted that Jill has accepted the role of CEO. She has the deep sector experience, people leadership skills and energy and passion to lead Darktrace into the next stage of its journey."
Jill Popelka, incoming CEO of Darktrace, said: "Poppy and the team have built something very special. The potential of Darktrace is enormous - our technology has never been more critical to organisations around the world and our AI-native capabilities position us at the forefront of the ever-changing cyber security market. We have an outstanding platform offering, a broad base of customers across the globe, and some of the most talented people working in technology, not least our remarkable R&D teams based in Cambridge and The Hague. I am excited to partner with the whole Darktrace team to take advantage of the many opportunities we have ahead of us as we embark on this next phase of our journey."
Andrew Almeida, Partner at Thoma Bravo, said: "We are fully supportive of Poppy and the Board's succession plan. Jill is the perfect leader to build on Poppy's tremendous legacy at Darktrace as it embarks on this next phase of its life given her immense experience of scaling and maturing fast-growing businesses. She cares deeply about people, about serving customers and about creating a company with a sense of mission and purpose at its core. We look forward to working with Jill and the wider team to help elevate Darktrace's place as the essential cybersecurity platform for the changing threat landscape."
The acquisition of Darktrace by Thoma Bravo continues to progress as anticipated. All antitrust and regulatory approvals have now been received, with the exception of one foreign regulatory approval, which is currently anticipated by 28 September 2024. Per the transaction timetable, Darktrace will seek the UK court's sanction of the transaction as soon as this final regulatory approval has been received, with the closing of the transaction expected shortly afterwards.
This announcement is made in accordance with the notification requirement in UKLR 6.4.6R and there are no other disclosures that need to be made under UKLR 6.4.8R relating to the appointment of Jill Popelka.
About Poppy Gustafsson
- Poppy was part of the team of mathematicians, business people and intelligence experts who founded Darktrace in 2013 and brought its AI-powered cybersecurity solutions to market.
- Under her leadership, the company has seen significant growth and global expansion. It now employs over 2,400 people, operates in 110 countries and serves close to 10,000 customers.
- During this time, breakthrough innovations from Darktrace's R&D teams have resulted in over 200 patent applications filed.
- Darktrace listed on the London Stock Exchange in 2021 and, during its time on the public markets, increased its market capitalisation from £1.7bn to £4.1bn (as at 5 September 2024).
- Poppy was honoured with an OBE for services to cybersecurity in 2019. She has also won a number of accolades as CEO including Tech CEO of the Year at the UK Tech Awards 2021.
- Poppy is a chartered accountant and in 2022, she received an honorary Doctor of Science degree from the University of Sheffield for her "outstanding achievements in the field of Cyber Security".
- Poppy lives in Cambridge and is a mother to two daughters, aged 12 and 8.
About Jill Popelka
- Jill joined Darktrace in January 2024 as an independent Non-Executive Director. In May 2024, Jill stepped down from the Board of Directors to assume the role of Chief Operating Officer.
- Jill has more than two decades of experience of driving operational best practices and maturing teams, systems and processes for fast-growing businesses.
- Jill previously served as the Head of Enterprise Services at Snap Inc. Prior to joining Snap in 2022, Jill was President of SAP SuccessFactors, where she was responsible for strategy, customer success, and the overall health of the business unit.
- Before Jill's appointment as President of SAP SuccessFactors, she served as the company's Chief Operating Officer, overseeing all aspects of the business units' operations.
About Darktrace
Darktrace, a global leader in cybersecurity artificial intelligence, is on a mission to free the world from cyber disruption. Breakthrough innovations from our R&D teams in Cambridge, UK, and The Hague, Netherlands have resulted in over 200 patent applications filed. Rather than study historic attacks, Darktrace's technology continuously learns and updates its knowledge of your business data and applies that understanding to help transform security operations to a state of proactive cyber resilience. The Darktrace ActiveAI Security Platform™ provides a full lifecycle approach to cyber resilience that can autonomously spot and respond to known and unknown in progress threats within seconds across the entire organisation, including cloud, apps, email, endpoint, network and operational technology (OT). Darktrace employs over 2,400 people around the world and protects close to 10,000 customers globally from advanced cyber threats. To learn more, visit http://www.darktrace.com.
Poppy Gustafsson to step down as CEO of Darktrace; Jill Popelka appointed successor
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Darktrace named a Challenger in first Gartner® Magic Quadrant™ for Email Security Platforms · Evaluated on Completeness of Vision and Ability to Execute Darktrace, a global leader in AI for cybersecurity,today announces that Darktrace / EMAIL™, has been recognized in thefirst ever Gartner Magic Quadrant™ for Email Security Platforms (ESP) as a Challenger. Chris Kozup, Chief Marketing Officer, Darktrace, said of therecognition: “We are extremely proud to have been recognized in the first MagicQuadrant for ESP. We believe the factthat wehave seen such wide scale adoption is testament to the unique way in which wedevelop products to keep our customers safe from even the most sophisticated emailcompromises. We believe our placement reaffirms our dedication to deliveringexceptional customer service, and innovations that safeguard against the emailchallenges of today—and tomorrow.” Darktrace customers consistently acknowledge its exceptional customersupport, delivered by an award-winning[1]service team. Darktrace has the highest percentage of 5-star ratings with a 4.8rating on Gartner® Peer Insights™ out of 249 reviews as on[MW1] 19th December. We feel this unwavering commitment to customersatisfaction is evident in strong renewal rates and accelerated growth inDarktrace / EMAIL over the past few years, gaining almost 5,000 customers sinceits launch in 2019. Darktrace / EMAIL, one of the fastest-growing emailsecurity products on the market, is built on Darktrace’s unique Self-LearningAI, a multi-layered AI engine that leverages different types of AI includingNLP and behavioral analysis to detect threats, instead of traditional securitymeasures such as signatures and sandboxing. This approach enables Darktrace todetect and stop threats like business email compromise attacks and noveltechniques, including some 56% of which passed through customers’ other emailsecurity layers. This pioneering approach has enabled Darktrace to introduce industry-leadingcapabilities such as QR code analysis and automated incident investigations, alongsidedifferentiated functionality to help teams add new depth to their emailsecurity, including: Account take over and Lateral mail account compromise protection. Contributing yet another layer to the AI behavioural profile for each user, security teams can now spot early symptoms of account compromise or malicious insiders before a link or attachment payload is sent, and exfiltration occur Microsoft Teams security with advanced messaging analysis: Advancing beyond simple text analysis to behavioral and natural language content analysis that tracks context across both email and instant messaging to identify the approximately 38% of phishing, sophisticated social engineering and novel insider threats other solutions fail to capture · Drastically improveend user reporting with Cyber AI Analyst narratives: Real-time awareness training capabilities reduce falsepositives in phishing investigations by up to 60% by providing context specificanalysis of each received email to each employee as they interact with their mail.· MailboxSecurity Assistant to increase security team operational efficiency: All forms ofsecondary investigations can now automatically perform advanced behavioralbrowser analysis and stop malicious links within webpages, reducing manualeffort of security analysts to detecting phishing links, and allowing them to remediateup to 70% more malicious phishing links than before.· AI based,autonomous data loss prevention: to immediately protect organizations from misdirected emails,insider threats, and data loss—both classified and unclassified – using userbehavior and dynamic content analysis to determine sensitivity, removing administrativeoverhead from manual expressions and labeling.Marco Cavallo, IT Manager at Darktrace / EMAIL customer Arpa Industries comments:“During the POV, Darktrace / EMAIL showed how specific attacks weresurgically blocked. We realized that other tools wouldn’t have detected thesethreats.” Darktrace / EMAIL is part of Darktrace’s ActiveAI Security Platform™,offering network, cloud, endpoint, identity and operational technologyprotection from a single shared architecture, all built on Darktrace’s uniqueAI engine – providing a strong, integrated approach to threat prevention,detection and response across an organization’s entire digital footprint. Darktrace’s global presence supports a diverse and varied customer base,and adapts proactively to customer pain points of all kinds. Darktrace’sadaptability across all market segments, from SMBs to large enterprisessupports both first time email security buyers and mature email securitystacks. It is able to meet varied security needs with lower setuprequirements, includes capability for advanced depth in configuration and,particularly for mature organizations, can augment existing security providerswith additional protections. Download the fullMagic Quadrant for Email Security Platforms here Resources:· Read more onthe Darktrace Blog· Read more abouthow business email compromise attacks are evolving on The Inference Gartner disclaimersGartner, Magic Quadrant for EmailSecurity Platforms, Max Taggett, Nikul Patel, Franz Hinner, Deepak Mishra, 16December 2024 GARTNER is a registered trademarkand service mark of Gartner and Magic Quadrant and Peer Insights are aregistered trademark, of Gartner, Inc. and/or its affiliates in the U.S. andinternationally and are used herein with permission. All rights reserved.
Gartner Peer Insights content consists of the opinions of individual endusers based on their own experiences with the vendors listed on the platform,should not be construed as statements of fact, nor do they represent the viewsof Gartner or its affiliates. Gartner does not endorse any vendor, product orservice depicted in this content nor makes any warranties, expressed orimplied, with respect to this content, about its accuracy or completeness,including any warranties of merchantability or fitness for a particularpurpose. Gartner does not endorse any vendor,product or service depicted in its research publications and does not advisetechnology users to select only those vendors with the highest ratings or otherdesignation. Gartner research publications consist of the opinions of Gartner’sresearch organization and should not be construed as statements of fact.Gartner disclaims all warranties, expressed or implied, with respect to thisresearch, including any warranties of merchantability or fitness for aparticular purpose. About DarktraceDarktrace is a global leader in AI for cybersecurity that keepsorganizations ahead of the changing threat landscape every day. Founded in2013, Darktrace provides the essential cybersecurity platform protectingorganizations from unknown threats using its proprietary AI that learns fromthe unique patterns of life for each customer in real-time. The DarktraceActiveAI Security Platform™ delivers a proactive approach to cyber resiliencewith pre-emptive visibility into security posture, real-time threat detection,and autonomous response – securing the business across cloud, email,identities, operational technology, endpoints, and network. Breakthroughinnovations from our R&D teams in Cambridge, UK, and The Hague, Netherlandshave resulted in over 200 patent applications filed. Darktrace’s platform andservices are supported by over 2,400 employees around the world who protectnearly 10,000 customers across all major industries globally. To learn more,visit http://www.darktrace.com. ----
[1] Darktrace wins two Globeeawards for excellent customer service [PressRelease] [MW1]shouldthis be 'of'
About Darktrace
