|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||106.92 - 108.60|
|52 Week Range||83.81 - 133.00|
|Beta (5Y Monthly)||1.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||144.57|
Proofpoint (PFPT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- A week after Microsoft Corp. led a global attack against one of the world’s most prolific malware groups, the company says it’s winning an ongoing battle to temporarily destabilize the malicious botnet ahead of the U.S. presidential election.When Microsoft and its coalition of partners attacked the infrastructure supporting the popular Trickbot malware, they identified 69 servers and routers hosting the botnet around the world. As of Oct. 18, they’d compromised 62 of them, according to a Microsoft statement. A botnet is a network of computers infected with malware.In response, Microsoft observed Trickbot’s operators attempt to add 59 new servers to try to salvage their botnet. But those, too, were successfully infiltrated by Microsoft’s team within hours of adoption, according to the company.In all, Microsoft officials said they’ve “taken down” 120 of those 128 systems.“As we expected, the criminals operating Trickbot scrambled to replace the infrastructure we initially disabled,” according to Microsoft’s statement. “We fully expect that Trickbot’s operators will continue looking for ways to stay operational. What we’re seeing suggests Trickbot’s main focus has become setting up new infrastructure, rather than initiating fresh attacks.”Microsoft and its partners started their attack on Oct. 9 after winning a court order to disrupt Trickbot, known for infecting and stealing troves of data before exposing victims to ransomware attacks. Cyber-attackers use ransomware to lock users out of their own computers, while demanding payment in exchange for a key to regain access. The threat of ransomware in the days leading up to the Nov. 3 presidential election remains a credible cybersecurity threat against voting systems, according to the U.S. Cybersecurity and Infrastructure Security Agency, part of the Department of Homeland Security.In less than a week, Microsoft’s operation has produced results.When the attack started, Trickbot’s system included “many thousands” of active victims, which have since been reduced to “just more than 200,” said Alex Holden, founder of the information security investigations firm Hold Security LLC. However, Trickbot’s operators are still armed with the login credentials stolen from its many millions of victims breached in the last five years. Those could still be used to execute a damaging elections-related ransomware attack, if those credentials include access to state and local governments, he said.“The botnet is down but not out,” said Holden, whose specializes in investigating complex malware systems. “It’s not mission accomplished.”Along with activating existing credentials, Trickbot may also attempt to salvage its malicious network by renting space from other botnet operators. This will likely take weeks or months, Holden said.Microsoft’s Tom Burt, corporate vice president for customer security & trust, said it would be a victory just to stifle Trickbot until the U.S. elects its next president. Getting rid of the botnet altogether is a monumental task that will require support from a global coalition, he said. That includes the continued support of internet service providers and server hosts around the world, including in the U.S., Germany, South Korea, Indonesia, Kyrgyzstan, Brazil and Cambodia, he said.In the days after Microsoft announced its attack, skeptics such as cyber researchers at Proofpoint Inc. and Intel 471 questioned Microsoft’s ability to successfully execute a sustained attack. “Typically, these types of actions don’t result in a direct reduction of threat activity,” said Sherrod DeGrippo, senior director of threat research and detection at Proofpoint.Intel 471 found that Trickbot had returned as early as Oct. 15. However, Microsoft’s early efforts have mitigated some of that skepticism.“If you can’t arrest them, disruption is the next best thing,” said Mark Arena, chief executive officer of Intel 471. “But these guys can and have added new servers all the time. A definitive takedown is asking a lot, but if Trickbot operators are busy on the run trying to fix their infrastructure, then maybe they can keep them on the run until the election.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Latest innovation captures and manages real-time digital communications across the most popular channels including Microsoft TeamsSUNNYVALE, Calif., Oct. 13, 2020 (GLOBE NEWSWIRE) -- Proofpoint, Inc., (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced Content Capture for Microsoft Teams, the latest compliance solution designed for global regulated organizations. With many or most employees suddenly working from home, regulated organizations – more than ever – need to find an effective way for employees to communicate while ensuring digital communications compliance. Firms must capture, retain, and review employee communications to adhere to rules set forth by regulators. It is also critical for firms to be at-the-ready when it comes to search and review of legal matters, particularly in early case assessments or investigations. This is why Proofpoint is committed to innovating in close partnership with productivity and collaboration vendors.“Microsoft Teams support is critical for regulated industries—especially as they work to balance employee productivity with the need to capture and supervise content for regulatory purposes in this new work-from-home environment,” said Darren Lee, executive vice president and general manager of Compliance and Digital Risk for Proofpoint. “Millions of users rely on digital collaboration platforms like Microsoft Teams to successfully work remotely. Proofpoint Content Capture makes it easy for organizations to ensure compliance as employees adopt these tools. And as the communications market evolves, we will continue to innovate to support customers’ changing needs.”“In today’s distributed work environment, Microsoft Teams enables employees to stay connected and productive,” said Mike Ammerlaan, Director, Microsoft 365 Ecosystem at Microsoft Corp. “The integration with Proofpoint ensures that regulated firms are able to address compliance and empower employees in this new paradigm of work.”Proofpoint provides the following benefits for Teams capture: * Capture messages and content in native format, including text, images, and more * Preserve the original context of messages and content at point of capture and in transport * Record edits and deletions of captured content * Ensure what you’ve captured is stored with complete accuracyProofpoint’s Capture platform, which hosts Content Capture for Teams, enables organizations to capture, manage, and monitor a diverse set of the most popular digital communications channels. With Proofpoint, organizations can comply with regulations such as those set forth by the FCA, FINRA, IIROC, SEC and beyond. Proofpoint Capture also seamlessly integrates with the broader Proofpoint compliance portfolio, including the award-winning Enterprise Archive, Intelligent Supervision, and eDiscovery Analytics.To learn more about Proofpoint’s end-to-end coverage from capture to retention and supervision, please visit: https://www.proofpoint.com/us/products/archiving-and-compliance/content-captureAbout Proofpoint, Inc.Proofpoint, Inc. (NASDAQ: PFPT) is a leading cybersecurity and compliance company that protects organizations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com.Connect with Proofpoint: Twitter | LinkedIn | Facebook | YouTubeProofpoint is a registered trademark or tradename of Proofpoint, Inc. in the U.S. and/or other countries. All other trademarks contained herein are the property of their respective owners.PROOFPOINT MEDIA CONTACT: Kristy Campbell Proofpoint, Inc. (408) 850-4142 firstname.lastname@example.org