Shares of cybersecurity firms, including JFrog, CrowdStrike, Okta, and GitLab, have sharply declined following the announcement of Anthropic’s new AI tool, Claude Code Security. This autonomous tool can identify and patch software vulnerabilities, raising concerns among investors about the impact of generative AI on the cybersecurity industry. JFrog experienced a 24% drop, while CrowdStrike, Okta, and GitLab saw declines of 8-9%. The introduction of Claude Code Security, currently in limited research preview, aims to empower defenders by scanning codebases for vulnerabilities and suggesting software patches. This innovation is designed to address a new category of AI-enabled threats, further intensifying the anxiety among traditional cybersecurity firms about competition from AI-powered solutions. As the landscape shifts, investors are increasingly worried about how these advancements may affect profit margins and overall business stability in the cybersecurity sector.
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