ZeroFox (Nasdaq: ZFOX), a leading external cybersecurity provider,
announced its plans for releasing generative AI into its External
Cybersecurity Platform with the preview of FoxGPT. FoxGPT
capabilities will optimize intelligence analyst workflows with the
ability to analyze and contextualize malicious content online,
enhancing the ability to combat the growing sophistication of
cybercriminals. Built by cybersecurity and intelligence
professionals, for cybersecurity and intelligence professionals,
ZeroFox commits to AI transparency, security, and privacy of
information.
Recent cutting-edge advancements in AI, including the release of
GPT 3.5, followed by GPT 4.0, are part of a larger, fast-paced AI
revolution poised to change how humans and technology interact. As
companies embrace these advancements to streamline and automate
certain aspects of their business, threat actors are also embracing
generative AI capabilities for more sophisticated phishing and
fraud, social engineering, spam, and the production of malicious
content. ZeroFox's adaptation of generative AI, FoxGPT, accelerates
the analysis and summarization of intelligence across large
datasets, allowing the identification of malicious content,
phishing attacks, and potential account takeovers.
"We at ZeroFox are consistently dedicated to external
cybersecurity innovation, and I'm thrilled to share the next step
in our innovation roadmap with the development of generative AI
capabilities within our platform, FoxGPT," said Mike Price, CTO at
ZeroFox. "We understand the impact of generative AI and the risks
of threat actors abusing it. We're committed to harnessing this
technology while capturing explainable results and the security and
confidentiality of customer data." ZeroFox has steadily integrated
other machine learning capabilities into its platform over the past
few years, enhancing its ability to keep pace with emerging
technologies.
FoxGPT is a significant advancement for ZeroFox, enabling it to
provide even more powerful external cybersecurity platform
capabilities. ZeroFox is committed to AI transparency, security,
and privacy of information in order to give customers the
confidence that their data is secure.
ZeroFox plans to responsibly release FoxGPT to opt-in customers
throughout the year.
About ZeroFox
ZeroFox (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 Statements
Certain statements in this press release are “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
the ability of ZeroFox to achieve its objectives are
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. These risks and uncertainties include, but are not
limited to, the following: defects, errors, or vulnerabilities in
the ZeroFox platform, the failure of the ZeroFox platform to block
malware or prevent a security breach, misuse of the ZeroFox
platform, or risks of product liability claims that would harm our
reputation and adversely impact our business, operating results,
and financial condition; if our 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 to host and operate our
platform, and any disruption of or interference with our use of
these offerings 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; we have 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 inflation and
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; one U.S.
government customer accounts for a substantial portion of our
revenues; and we rely heavily on the services of our senior
management team.
Additional information concerning these, and other risks, is
described under the “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” sections of our final
prospectus filed with the Securities and Exchange Commission (the
“SEC”) pursuant to Rule 424(b) under the Securities Act of 1933 on
April 12, 2023, in connection with our registration statement on
Form S-1 and in subsequent reports that we file with the SEC. We
expressly disclaim any obligation to update any of these
forward-looking statements, except to the extent required by
applicable law.
ZeroFox Contacts:
Media InquiriesMalory Van
Guilderzerofox@skyya.com
Investor RelationsTodd
Wellerinvestor@zerofox.com
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