'Chinese Hackers Breached 20,000 FortiGate Systems Worldwide' - BleepingComputer
Portfolio Pulse from Benzinga Newsdesk
Chinese hackers have breached at least 20,000 FortiGate systems worldwide, exploiting a critical vulnerability (CVE-2022-42475) in FortiOS/FortiProxy. The Dutch Military Intelligence and Security Service (MIVD) revealed that the impact is much larger than previously known, with the Coathanger malware used in the attacks being difficult to detect and remove. The malware has targeted various governments, international organizations, and companies within the defense industry.
June 11, 2024 | 4:25 pm
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Fortinet (FTNT) is facing significant security challenges as Chinese hackers have breached at least 20,000 FortiGate systems worldwide. The Coathanger malware used in the attacks is difficult to detect and remove, potentially affecting the company's reputation and customer trust.
The breach of 20,000 FortiGate systems and the difficulty in detecting and removing the Coathanger malware could significantly impact Fortinet's reputation and customer trust. This news is likely to have a negative short-term impact on FTNT's stock price.
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