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FORTINET INC (FTNT)
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Fortinet : Interpol Sign Threat Information Sharing Agreement

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06/17/2018 | 06:45pm CEST

Derek Manky, global security strategist, Fortinet (PR photo)

Fortinet announced that it had formalized its threat sharing with the Interpol. The goal of the agreement is to proactively combat cybercrime and threats to privacy globally through the sharing of threat information generated by Fortinet FortiGuard Labs global threat research team.

Under the agreement, Fortinet will be involved in operational briefings at the Interpol and vice versa. A threat intelligence expert from Fortinet will be assigned to collaborate with experts at the Interpol Global Complex for Innovation (IGCI), helping provide a clearer understanding of the current threat landscape, which in turn will help the Interpol team and law enforcement use the information provided in order to prevent risks to security and privacy.

Fortinet has been an active member of an expert working group within the Interpol for more than two years, providing cyber threat intelligence which has helped discover and identify multiple cybercrime operations. Last year, Fortinet was one of several private sector companies that provided support to an Interpol-led operation targeting cybercrime across the ASEAN region, resulting in the identification of nearly 9,000 command-and-control servers as well as hundreds of compromised websites, including government portals.

Previously, Fortinet also helped uncover through close threat information cooperation between the Interpol, Fortinet, and other private sector partners, a group of online fraudsters behind thousands of online scams totaling more than $60 Million and involving hundreds of victims worldwide.

Fortinet helps shape the future of threat information standards and protocols through ongoing collaboration with global public safety and industry organizations. Fortinet is a founding member of the Cyber Threat Alliance (CTA)established in 2015. In 2016, Fortinet announced an industry partnership agreement within the framework of the NATO Industry Cyber Partnership (NICP) with the NATO Communications and Information (NCI) Agency.

Silvino Schlickmann Jr., acting executive director, Interpol Global Complex for Innovation: “Tackling cybercrime cannot be resolved unilaterally by law enforcement alone, but is a joint responsibility which requires trusted relationships with the private sector. This new agreement with Fortinet will ensure that law enforcement have access to the most comprehensive threat intelligence necessary to take effective action against cybercrime.”

Derek Manky, global security strategist, Fortinet: “Organizations continue to struggle against evolving threats, an expanding attack surface, and a growing security skills shortage. Law enforcement, in particular, can also be hampered by the fact that cybercrime often crosses political and jurisdictional boundaries. Actionable threat intelligence with global visibility is the best way to move from being reactive to proactive in a world where cybercrime has no borders. No single organization has a complete view into the security landscape, which is why threat information sharing and collaboration between public and private organizations is critical.”

(c) 2018 All rights reserved, content and design by Arrowmedia Israel Ltd. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 1 729 M
EBIT 2018 347 M
Net income 2018 154 M
Finance 2018 1 740 M
Yield 2018 -
P/E ratio 2018 69,99
P/E ratio 2019 61,48
EV / Sales 2018 5,34x
EV / Sales 2019 4,44x
Capitalization 10 973 M
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Fortinet Inc Technical Analysis Chart | FTNT | US34959E1091 | 4-Traders
Technical analysis trends FORTINET INC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 59,1 $
Spread / Average Target -9,5%
EPS Revisions
Managers
NameTitle
Ken Xie Chairman & Chief Executive Officer
Michael Xie President, Director & Chief Technology Officer
Keith Franklin Jensen CFO, Chief Accounting Officer & Controller
Christopher B. Paisley Lead Independent Director
William H. Neukom Independent Director
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