75,000 Fortinet Devices Compromised in Sweeping Hack Campaign, Researchers Say
Summary
Cybersecurity researchers report a "sweeping hack campaign" has compromised approximately 75,000 Fortinet firewall and VPN devices globally, leading to password theft at Fortune 500 companies and government agencies in over 15 countries. This is new information not previously disclosed in the company's recent filings or news. While Fortinet acknowledges a campaign to steal credentials, it attributes it to "bruteforcing" using old data and states it's not a new incident. For a cybersecurity company, a widespread compromise of its core security products is a significant blow to its reputation and customer trust, potentially impacting future sales and market position.
At the time of this announcement, FTNT was trading at $144.14 on NASDAQ in the Technology sector, with a market capitalization of approximately $105.6B. The 52-week trading range was $70.12 to $150.07. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Reuters.