Tag Archive for: Quarter

Prepare For A Record-Setting Quarter For Cyber Security Stocks

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Prepare For A Record-Setting Quarter For Cyber Security Stocks

The Internet Security Stocks have been in a deep correction all year because of fears of slowing growth but still, there is no sign of that yet—results from Checkpoint Software (NASDAQ:CHKP) to SentinelOne, Inc. (NYSE:S) prove that demand for cyber security is not only still strong but accelerating on many fronts.

The latest news is from Zscaler, Inc (NASDAQ:ZS) which offers cloud-based cyber security solutions up to and including the enterprise level.

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Q2 2022 hedge fund letters, conferences and more

SohnX Hong Kong: Oasis Management’s Seth Fischer, The Best Way To Invest In Vietnam

Screenshot 2022 09 08 16.45.41At the 2022 SohnX Hong Kong Investment Leaders Conference, Seth H. Fischer, the founder and Chief Investment Officer of Oasis Management, highlighted his favorite investment in Vietnam and explained why he believed the business was one of the best opportunities in this rapidly growing emerging market. Fischer founded Oasis in 2002 following a successful seven-year Read More

 

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The company just announced a top and bottom line beat and increased its guidance which is noteworthy not only because the sector is set to outperform in the Q3 and Q4 reporting period but because the entire sector has been lagging behind the S&P 500 since the pandemic bottom. That’s silly.

Cyber security stocks are as fundamental to the outlook of the Internet and the digitization of business as any part of the IT picture, and demand is driven by a widespread and growing need for safety. Each time the good guys make an advancement the bad guys make one to match. 

Zscaler, Inc. Leads With Robust Results And Outlook 

The cyber…

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Fourth quarter numbers being rechecked post-ransomware, says SpiceJet

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The airline said its Q4 FY22 financial result was prepared before the ransomware attack

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SpiceJet

SpiceJet has retrieved its system and data following the ransomware attack last month, the aviation company has said. The company’s fourth quarter result has not been declared as yet as auditors are re-authenticating financial numbers, it added.


“Our financial results have been delayed due to reasons beyond the company’s control as a result of the ransomware attack that affected our IT systems, which includes certain data as well,” SpiceJet said in a statement.


The airline said its Q4 FY22 financial result was prepared before the ransomware attack. But now the numbers are being re-authenticated by auditors. “The process is normal in such events,” it added.


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Rave Mobile Safety announces record first quarter with growth across industries

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FRAMINGHAM, Mass.—Rave Mobile Safety (Rave), the critical communication and collaboration platform customers count on when it matters most, has announced record growth in the first quarter, with 95 percent of its business deals resulting from clients upgrading from competitive systems.

The trend underscores Rave’s success over the last 18 years helping community and business leaders prepare better, respond faster, and communicate more effectively during emergencies, in crisis situations, and planned events.

Rave’s stellar first quarter achievements come on the heels of 12 consecutive years of revenue growth and demonstrates that a wide array of organizations and businesses are increasingly relying on Rave’s easy-to-use technological solutions to communicate with key stakeholders before, during, and after adverse events.

“The challenges that state and local governments, public safety officials, and corporate leaders are facing today – whether it’s a global pandemic, natural disaster, hostile event, or any other incident that requires integrated strategies and outreach to key audiences – is of the utmost importance to those charged with safety, security, and business continuity,” Rave CEO Todd Piett said. “Rave is playing an active role in helping our clients improve their ability to respond to time-critical incidents and life safety events, as demonstrated by the number of customers choosing to replace their previous safety solutions with an upgrade to Rave.”

California Chooses Rave for Statewide Mass Notification

In February, Rave was selected by Atos Public Safety, LLC (Atos) as the Next Generation 911 (NG911) Alert and Warning System platform for the state of California. Rave was awarded the business, replacing a competitive emergency notification solution, by offering the nation’s most populous state the enhanced flexibility and configurability required for large scale events including earthquakes, wildfires, mudslides, tsunamis, civil unrest, and major sporting events. California is the ninth statewide deployment of Rave solutions.

Panic Button Use Cases Expand into the Public Sector

Rave Panic Button is currently used in K-12 schools across North…

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What was in store in the first quarter? Q1 2022 threat roundup

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The threat landscape is as active as ever.

This past quarter, Communication Service Providers that use Allot Secure saw several interesting new threats., including several threats that we thought had disappeared.

Here are three things that we found:

  • A rise and resurgence of banker trojans and other malware
  • Cryptocurrency trading scams
  • An explosion of adware

This is covered in-depth in Allot’s latest threat bulletin.

A banker trojan is a malicious computer program designed to gain access to privileged information from an online banking system. The Bian Banking Trojan was first discovered in 2019 and then went silent. However, it’s back. Allot security researchers have seen a resurgence since November 2021.

Allot researchers identified several hundred thousand blocks of the Coper banking trojan. First discovered in Colombia, it has spread to other parts of Latin America and has also been identified in Europe.

Allot researchers have also identified and blocked the Emotet malware. EUROPOL, the European Union’s law enforcement agency, announced that they disrupted the Emotet botnet in early January 2021. But it’s back.

Website spoofing is the act of creating a fake website to mislead visitors that the website is a different one. The website usually has a similar design as the real website.

For example, millions of subscribers of CSPs using Allot Secure were protected from website spoofing from a popular cryptocurrency trading site, Gate.io.

The site’s popularity made it a target for a lookalike site so criminals can trick users into giving up their credentials.

Want to see what the real and spoofed site look like? Read the threat bulletin.

The past few months also saw a rise in adware. We saw many cases of Fyben, targeting devices running Android. While Fyben is not a new threat, Allot security researchers identified a significant increase in blocks.

For the complete analysis and further details, check out our March threat bulletin.

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