Zscaler Report: AI Fuels 'Lethal Precision' in Cybercrime, 95% of Phishing Now Encrypted
ZS is trading near its 52-week low of $114.625 (7.5% above the low).
Summary
Zscaler's ThreatLabz released a new report detailing how AI is fundamentally shifting cybercrime, leading to more precise and sophisticated attacks. While overall phishing volume dropped 20%, the report highlights that 95.2% of phishing attempts now hide in encrypted traffic, bypassing legacy security. This research reinforces Zscaler's strategic focus on AI-driven security, following recent initiatives like Project AI-Guardian and the acquisition of Symmetry Systems. The findings validate the critical need for advanced Zero Trust solutions that can inspect encrypted traffic, strengthening Zscaler's market position against evolving cyber threats.
At the time of this announcement, ZS was trading at $123.24 on NASDAQ in the Technology sector, with a market capitalization of approximately $20.3B. The 52-week trading range was $114.63 to $336.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.