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Verint Provides Details on Successful Mitigation of Last Week’s Ransomware Attack

MELVILLE, N.Y.--(BUSINESS WIRE)--

Attack Was Quickly Mitigated and Fully Resolved within 24 Hours

No Loss of Customer Data and No Impact to Customer Operations

Verint® Systems Inc. (VRNT) a global provider of Actionable Intelligence® solutions, announced today that on April 16th the company experienced a ransomware attack. Verint quickly identified and remediated the attack, and fully restored Verint’s IT services in less than 24 hours without any impact to customers or partners.

These kinds of attacks have been common by groups attacking organizations to benefit financially from ransom. Verint was able to quickly and successfully mitigate the attack without paying any ransom.

Verint’s success in mitigating the attack quickly is partly attributed to leveraging its own data mining software designed to accelerate malware investigation. Verint’s Threat Protection System (TPS) pointed to lateral movement trails and attempts to connect to command and control servers. Using the deep forensic data automatically generated by Verint TPS from both network and endpoints, the SOC (Security Operations Center) analysts uncovered the attack storyline and leveraged real-time information to quickly contain the attack.

“Consistent with best practices and as a cautionary matter, Verint continues to proactively monitor its operations, as well as all customer facing software and infrastructure, and no new occurrences of the ransomware have been detected since April 16th,” said Peter Fante, Verint CAO.

About Verint Systems Inc.

Verint® (VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, over 10,000 organizations in more than 180 countries—including over 85 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence® at www.verint.com.

This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2019, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

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