Fortinet Confirms Unauthorized Access To Limited Files On Third-Party Cloud-Based Drive; No Evidence Of Malicious Activity Affecting Customers; Operations, Products, And Services Unaffected
Portfolio Pulse from Benzinga Newsdesk
Fortinet has confirmed unauthorized access to a limited number of files on a third-party cloud-based drive. The company states there is no evidence of malicious activity affecting customers, and its operations, products, and services remain unaffected.
September 12, 2024 | 7:32 pm
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NEUTRAL IMPACT
Fortinet experienced unauthorized access to files on a third-party cloud drive but confirmed no impact on customers or its operations. This incident is unlikely to affect Fortinet's stock price significantly in the short term.
The news of unauthorized access could raise concerns, but Fortinet's assurance of no customer impact or operational disruption mitigates potential negative effects on the stock. The company's quick response and transparency are likely to maintain investor confidence.
CONFIDENCE 95
IMPORTANCE 70
RELEVANCE 90