Abnormal Security appoints new CFO ahead of public listing

Abnormal Security has announced the appointment of Lisa Banks as its new Chief Financial Officer as it prepares for an initial public offering (IPO).

Banks, who previously served as Senior Vice President of Finance at ServiceNow, will now serve as the Chief Financial Officer at Abnormal Security, a cybersecurity startup. The company has quickly gained traction in the market and now protects over 3,000 customers, including 20% of the Fortune 500. Banks will be tasked with supporting the company's growth and scaling efforts, which include plans to exceed USD $1 billion in annual recurring revenue (ARR).

Evan Reiser, Chief Executive Officer of Abnormal Security, commented on Banks' appointment, stating, "In just six years, we've made incredible strides in bringing AI-automated cybersecurity to thousands of organizations across the globe, enabling them to better protect their people while empowering their security leaders to do more with less. And with Lisa now at the helm of our finance organization, this marks a pivotal moment for Abnormal. Her deep experience in scaling high-growth SaaS companies will be instrumental in guiding us through the next chapter of our growth and beyond, as we continue to build a lasting, generational public company."

Banks brings with her over 20 years of finance experience in the technology industry. Most recently, she served as the CFO at SpotOn. Her professional background also includes roles at Cisco, MarketWatch, and Ernst and Young. Banks is also currently on the Board of Directors and Audit Committee of Dialpad.

In addition to naming Banks as CFO, Abnormal Security has appointed Mike Britton as Chief Information Officer. Britton previously held the position of Chief Information Security Officer at the company. As the CIO, he will continue leading the efforts of the information security team, privacy program, and will advance the company's corporate AI strategy to improve employee efficiency and productivity.

The appointments follow an eventful year for Abnormal Security, marked by a Series D funding round where the company raised USD $250 million, led by Wellington Management. This funding round set the company's valuation at USD $5.1 billion, accomplished in a span of five years. The company also achieved FedRAMP In Process status, progressing towards a fully approved FedRAMP solution, aimed at enabling U.S. federal government entities to access their AI-native human behaviour security platform.

Further to its business developments, Abnormal has received several industry recognitions recently. Notable is its position as a Leader in Gartner's first Magic Quadrant for Email Security Platforms, recognized for its completeness of vision. Additionally, the company has been listed in the 2024 CNBC Disruptor 50, the 2024 Forbes Cloud 100, the 2024 Enterprise Tech 30, and the 2025 Fortune Cyber 60.