CrowdStrike Backs Startup Abnormal in Largest Venture Deal (1)

CrowdStrike Holdings Inc.is investing $10 million in Abnormal Security Corp., a startup that helps businesses cope with compromised emails, after highlighting the attack method as a fast-growing threat.

It’s the largest amount of cash the cybersecurity firm has ever funded through its venture arm, the CrowdStrike Falcon Fund. The two companies also will work together as part of the partnership.

Email compromise scams, which typically involve a hacker posing as someone the recipient may know, are an old but still pernicious form of cybersecurity attack. They’ve become a “huge issue” in threat reports over the past year, CrowdStrike ...