MCLEAN, Va., Dec. 19, 2016 /PRNewswire/ -- Cyren (NASDAQ:
CYRN), an internet Security as a Service provider, continues
to see global growth in its cloud-delivered web security, email
security and sandboxing services as businesses bolster their
defenses against sophisticated cyber threats such as phishing,
ransomware, whaling, viruses and zero-day attacks .
"Data breaches are at an all-time high, with approximately 90
percent of organizations suffering a security breach in the past
year," said Lior Kohavi, CTO at
Cyren. "Businesses are woefully under-protected from cyber threats
today, and it's clear that existing appliance-based internet
security infrastructure is failing to provide adequate
protection."
According to an analysis of over 10,000 online security tests
run by visitors to Cyren's website in the past 10 weeks, 98 percent
of those tested were vulnerable to at least one internet-borne
cyber threat. Fifty four percent of those visitors who found
vulnerabilities failed five out of the six core security tests,
including common and zipped viruses, viruses delivered over SSL,
botnets and phishing. Cyren's innovative new website-based tools,
such as its Web Security Diagnostic, are expected to make
substantial contributions to lead generation.
Cyren Internet Security Showing Product Traction and Channel
Growth
In the past three months, Cyren signed over 40 new enterprise
customers, including four large deals for Threat Intelligence
Services worth more than $1 million
each (one in North America, two in
Europe, and one in Asia). Traction with distribution partners
also continues to grow, as the company recently signed new
large-scale partnership agreements that greatly expand Cyren's
presence in Europe and
Asia. Cyren broadened its
distribution agreement with Jiransoft to include China, Japan,
South Korea and Taiwan. The company signed Cloud Distribution
as a distributor in the UK/Ireland
market in November, and has already acquired new customers through
that relationship. In addition, the company expects to sign six to
10 additional resellers in the UK in early 2017.
"We are seeing tremendous interest in our SaaS web security and
email security services as businesses with legacy appliance-based
security solutions struggle to protect their employees and
customers," said Mickey DiPietro,
vice president of Americas sales at Cyren. "In addition to improved
security, companies are also looking to reduce the complexity of
existing security deployments by moving to the cloud and
consolidating multiple point security products into a single
integrated solution. We are currently in a unique position to
provide these combined services from a single cloud platform."
About Cyren
Cyren (NASDAQ and TASE: CYRN) protects more than 600 million
users against cyber attacks and data breaches through its
cloud-based web security, email security, DNS security and cloud
sandboxing solutions. Relied upon by many of the world's largest
technology companies such as Dell, Google, McAfee and Microsoft,
Cyren offers enterprise-focused security-as-a-service solutions as
well as embedded solutions for software and security providers.
Cyren's global cloud security platform processes more than 17
billion daily transactions and uses innovative zero-day protection
technology to proactively block over 130 million threats each day.
Learn more at www.cyren.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements,
including projections about the company's business, within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. For example, statements
in the future tense, and statements including words such as
"expect," "plan," "estimate," "anticipate," or "believe" are
forward-looking statements. These statements are based on
information available at the time of the press release and the
company assumes no obligation to update any of them. The statements
in this press release are not guarantees of future performance and
actual results could differ materially from current expectations as
a result of numerous factors, including business conditions and
growth or deterioration in the internet security market,
technological developments, products offered by competitors,
availability of qualified staff, and technological difficulties and
resource constraints encountered in developing new products, as
well as those risks described in the company's Annual Reports on
Form 20-F and reports on Form 6-K, which are available through
www.sec.gov.
Blog: blog.cyren.com
Facebook: www.facebook.com/cyrenweb
LinkedIn: www.linkedin.com/company/cyren
Twitter: twitter.com/cyreninc
Cyren Company
Contact
Mike Myshrall,
CFO
703.760.3320
mike.myshrall@cyren.com
Cyren Media Contact
Matthew Zintel
Zintel Public Relations
281.444.1590
matthew.zintel@zintelpr.com
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SOURCE Cyren