MENLO PARK, CA--(Marketwired - July 23, 2014) - Synack Inc., a startup that created the industry's first enterprise-caliber system to safely and effectively crowdsource security testing, announced today that Gus Anagnos, the former PayPal executive responsible for developing and leading the PayPal Bug Bounty Program, joined the company as VP of Strategy and Business Operations. Gus brings over 18 years of invaluable experience working in information security and enterprise risk to Synack. Gus will be driving the overall business strategy and working closely with customers to provide a thorough understanding of the current security landscape and offer new ideas, tools and services to ensure customers are aware of the latest threats and how to best protect against them.

Gus joins an executive team of former Senior National Security Agency analysts focused on addressing the evolving security needs of the enterprise. Synack enables enterprises to harness elite researchers and proprietary technologies employing the most current techniques in a trusted, verified model to prevent security vulnerabilities from becoming business risks. Synack's solution provides an essential scalable, on-demand component of any enterprise security plan.
Prior to joining Synack, Gus was the Director of Information Risk and Security at PayPal and ebay. As the developer and leader of the PayPal Bug Bounty Program, Gus built on his experience developing, implementing and leading global corporate programs, including Bug Bounty, Information Security, Enterprise Risk, Enterprise Resiliency and Crisis Management programs.

"Bug Bounty programs add tremendous value; however, given my experience at PayPal, I know firsthand that building a bug bounty program from the ground up takes significant resources, expertise and perseverance, and for companies looking to protect their business from security threats, managing a program of this scale, without the in-depth knowledge of long-term security experts, adds risk and reduces value," Anagnos said. "Synack is a new generation company that solves broader security problems in a more efficient and effective way and we are hiring some of the best security talent I've seen in my career."

"We are thrilled to welcome Gus to the Synack team; his remarkable vision for the future of enterprise-level security protection and his previous experience launching global bug bounty programs will be an invaluable asset to our customers and the company as a whole," said Jay Kaplan, CEO of Synack. Kaplan said Synack's customers will benefit from Anagnos's "genuine passion and remarkable knowledge of the security and enterprise landscape."

About Synack
Based in Menlo Park, CA, Synack redefines the traditional model of security testing with technology that allows customers to safely engage a global, on-demand community of trusted security researchers. Synack's platform is massively scalable and enables rapid and efficient vulnerability discovery. Synack was founded in 2013 by security experts Jay Kaplan, CEO, and Dr. Mark Kuhr, CTO. Visit www.synack.com to learn more.