ZeroFox (Nasdaq: ZFOX), an enterprise software-as-a-service (Saas)
external cybersecurity provider, today announced its participation
at Black Hat USA 2022 cybersecurity conference taking place Aug.
10-11 in Las Vegas at the Las Vegas Convention Center. This is
ZeroFox’s first public event since its listing on the Nasdaq on
August 4. The company will be sharing new threat intelligence
research regarding cyber attacks in the financial, manufacturing,
retail and healthcare sectors at ZeroFox’s booth #2260. Black Hat
conference attendees will receive a full demonstration of the
unified ZeroFox External Cybersecurity Platform, which combines the
power of AI analytics, digital risk and privacy protection,
full-spectrum threat intelligence services, and a robust portfolio
of breach, incident and takedown response capabilities to expose
and disrupt cyber threats on the internet beyond the corporate
perimeter.
“2022 has already been a year of major milestones for ZeroFox,
especially as the first cybersecurity company to go public this
year,” said James C. Foster, Chairman and CEO of ZeroFox. “There’s
no question that threat actors have become more persistent,
creative and damaging to enterprises across the board and we’re
working closely with our customers and partners to ensure that
we’re protecting them beyond their perimeter from the growing
number of risks outside of the firewall.”
Today’s hackers, whether state-sponsored or otherwise, are more
sophisticated than ever before. Since last year’s Black Hat
Conference, ZeroFox has delivered exceptional customer value by
thwarting these attackers while realizing significant traction on
its 2022 objectives. In Q1 2022 alone, ZeroFox has completed
hundreds of thousands of successful takedowns – representing a
300% percent increase year-over-year. This included increases in
takedowns for phishing campaigns, fraudulent domains, malicious
content, and impersonating social media accounts. This quarter, we
have identified more than 5.8M attacks and escalated nearly 272K
high or critical incidents to our customers including:
- 125 percent YoY growth in total external attacks
- 521 percent YoY growth in phishing attacks
- 97 percent YoY growth in coordinated dark web attacks
- 65 percent YoY growth in social media security attacks
“The sheer volume of threats out there seems unfathomable, but
we’re doing everything possible to stay two steps ahead of
adversaries with deep cyber threat intelligence and unwavering
execution,” added Foster. “Innovation is the cornerstone of our
success as a company and the ZeroFox Platform is second to none
when it comes to delivering immediate tangible value – and
protection – to our customers across retail, financial
services, government and technology.”
It’s not enough, however, to simply alert and respond to
threats. Organizations must innovate to stay ahead of adversaries.
To that end, over the past six months, ZeroFox has delivered more
than 216 new platform features that will be on full display for
Black Hat attendees to see in action. Among these features are
significant investments to expand visibility outside the corporate
perimeter, finding hidden threats to brands, domains, and
executives. Some of the key innovations we will be sharing at the
booth include:
- Intelligence Search of ZeroFox’s vast threat
indicator data lake of over 12 billion data points, with datasets
spanning botnets, exploits, vulnerabilities, domains, ransomware,
threat actors, and other dark web sources to support
investigations.
- Global Intelligence Feeds that provide easy
API access to data and context for fraud, identity,
vulnerabilities, dark web intelligence, botnets and other sources
to integrate into the existing security technology stack.
- Requests for Information automation that
enables customers to securely submit and correspond with ZeroFox
intelligence experts for support of investigations, assessments,
and other intelligence needs.
- Breach Response Capabilities are now part of
the ZeroFox solutions portfolio following the recent acquisition of
IDX, an industry leader in breach response services, including
breach notifications & call center services, identity
protection & restoration, incident response, and more.
Since last year’s conference, ZeroFox has expanded protection,
intelligence and disruption capabilities. Now with the acquisition
of IDX, the company has added robust breach response and privacy
protection solutions to their portfolio. Black Hat attendees can
stop by the ZeroFox Booth to discuss these solutions and experience
the IDX ForgetMe Privacy Service, an online data removal service
that scans over 100 data broker websites to find an individual's
personal information profile, remove it, and continuously monitor
its removal to prevent the information from being sold or
shared.
Representatives will be onsite in Booth #2260 to demonstrate
these advancements and more. For all media inquiries related to
ZeroFox, or to schedule a meeting during Black Hat USA, please
email zerofox@skyya.com.
About ZeroFoxZeroFox (Nasdaq: ZFOX), an
enterprise software-as-a-service leader in external cybersecurity,
has redefined security outside the corporate perimeter on the
internet, where businesses operate, and threat actors thrive. The
ZeroFox platform combines advanced AI analytics, digital risk and
privacy protection, full-spectrum threat intelligence, and a robust
portfolio of breach, incident and takedown response capabilities to
expose and disrupt phishing and fraud campaigns, botnet exposures,
credential theft, impersonations, data breaches, and physical
threats that target your brands, domains, people, and assets. Join
thousands of customers, including some of the largest public sector
organizations as well as finance, media, technology and retail
companies to stay ahead of adversaries and address the entire
lifecycle of external cyber risks. ZeroFox and the ZeroFox logo are
trademarks or registered trademarks of ZeroFox, Inc. and/or its
affiliates in the U.S. and other countries. Visit
www.zerofox.com for more information.
Forward-Looking StatementsStatements in this
press release may constitute "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. All statements,
other than statements of historical fact, that address activities,
events or developments that we expect, believe or anticipate will
or may occur in the future, including statements related to plans,
strategies and objectives of management, our business prospects,
our systems and technology, future profitability and our
competitive position, are forward-looking statements. The words
“will,” “may,” “believes,” “anticipates,” “thinks,” “expects,”
“estimates,” “plans,” “intends,” and similar expressions are
intended to identify forward-looking statements. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those anticipated by these
forward-looking statements. The inclusion of any statement in this
press release does not constitute an admission by ZeroFox or any
other person that the events or circumstances described in such
statement are material. In addition, new risks may emerge from time
to time and it is not possible for management to predict such risks
or to assess the impact of such risks on our business or financial
results. Accordingly, future results may differ materially from
historical results or from those discussed or implied by these
forward-looking statements. Given these risks and uncertainties,
the reader should not place undue reliance on these forward-looking
statements. These risks and uncertainties include, but are not
limited to, the following: our ability to recognize the
anticipated benefits of the business combination; defects, errors,
or vulnerabilities in ZeroFox’s platform, the failure of ZeroFox’s
platform to block malware or prevent a security breach, misuse of
ZeroFox’s platform, or risks of product liability claims would harm
ZeroFox’s reputation and adversely impact our business, operating
results, and financial condition; if ZeroFox’s enterprise platform
offerings do not interoperate with our customers’ network and
security infrastructure, or with third-party products, websites or
services, our results of operations may be harmed; we may not
timely and cost-effectively scale and adapt our existing technology
to meet our customers’ performance and other requirements; our
ability to introduce new products and solutions and features is
dependent on adequate research and development resources and our
ability to successfully complete acquisitions; our success depends,
in part, on the integrity and scalability of our systems and
infrastructure; we rely on third-party cloud providers, such as
Microsoft Azure, Amazon Web Services, and Cloudflare, to host and
operate our platform, and any disruption of or interference with
our use of these facilities may negatively affect our ability to
maintain the performance and reliability of our platform which
could cause our business to suffer; we rely on software and
services from other parties; ZeroFox has a history of losses, and
we may not be able to achieve or sustain profitability in the
future; if organizations do not adopt cloud, and/or SaaS-delivered
external cybersecurity solutions that may be based on new and
untested security concepts, our ability to grow our business and
our results of operations may be adversely affected; we have
experienced rapid growth in recent periods, and if we do not manage
our future growth, our business and results of operations will be
adversely affected; we face intense competition and could lose
market share to our competitors, which could adversely affect our
business, financial condition, and results of operations;
competitive pricing pressure may reduce revenue, gross profits, and
adversely affect our financial results; adverse general and
industry-specific economic and market conditions and reductions in
customer spending, in either the private or public sector,
including as a result of geopolitical uncertainty such as the
ongoing conflict between Russia and Ukraine, may reduce demand for
our platform or products and solutions, which could harm our
business, financial condition and results of operations; the
COVID-19 pandemic could adversely affect our business, operating
results, and financial condition; if we fail to adapt to rapid
technological change, evolving industry standards and changing
customer needs, requirements or preferences, our ability to remain
competitive could be impaired; if we are unable to maintain
successful relationships with our channel partners, or if our
channel partners fail to perform, our ability to market, sell and
distribute our platform will be limited, and our business,
financial position and results of operations will be harmed; we
target enterprise customers and government organizations, and sales
to these customers involve risks that may not be present or that
are present to a lesser extent with sales to smaller entities;
historically, one U.S. government customer has accounted for a
substantial portion of IDX’s revenues and is expected to account
for a substantial portion of our revenues following the business
combination; we may need to raise additional capital to maintain
and expand our operations and invest in new solutions, which
capital may not be available on terms acceptable to us, or at all,
and which could reduce our ability to compete and could harm our
business; there may not be an active trading market for our common
stock, which may make it difficult to sell shares of our common
stock; our common stock price may be volatile due to factors
outside of our control; the convertible notes issued in connection
with the business combination may impact our financial results,
result in the dilution of our stockholders, create downward
pressure on the price of our common stock, and restrict our ability
to raise additional capital or take advantage of future
opportunities; we rely heavily on the services of our senior
management team, and if we are not successful in attracting or
retaining senior management personnel, we may not be able to
successfully implement our business strategy; and our management
has limited experience in operating a public company.
Additional information concerning these, and other risks, is
described under “Risk Factors,” “Management’s Discussion and
Analysis of Financial Condition and Results of Operations of
ZeroFox” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations of IDX” in the definitive proxy
statement/prospectus of L&F Acquisition Corp. filed with the
SEC on July 14, 2022. We expressly disclaim any obligation to
update any of these forward-looking statements, except to the
extent required by applicable law.
Contacts:ZeroFoxMedia
Inquiries:Malory Van Guilderzerofox@skyya.com
Investor RelationsMarc P. Griffin,
ICRMarc.Griffin@icrinc.com
ZeroFox (NASDAQ:ZFOX)
Historical Stock Chart
From Mar 2024 to Apr 2024
ZeroFox (NASDAQ:ZFOX)
Historical Stock Chart
From Apr 2023 to Apr 2024