MELVILLE, N.Y. & PARIS--(BUSINESS WIRE)--Verint® Systems Inc. (Nasdaq: VRNT) and Thales Group (OTCMKTS: THLEF), a company that offers decisive technology for decisive moments, today announced a strategic partnership to create a comprehensive, state-of-the-art Cyber Security Threat Intelligence approach for governments, enterprises, and critical infrastructures in Europe. The strategic partnership enriches the expertise and threat knowledge of both companies, delivering a cutting-edge cyber threat intelligence analysis for the international ecosystem.
Verint and Thales’ constant monitoring of security incidents, and advanced analysis of Dark Web sources and cyber adversaries, show that the volume of cyber-attacks is exponentially growing, and despite investments in attack prevention and network security, hackers are becoming more motivated.
Espionage, information warfare and infrastructure sabotage are major menaces with potential ramifications on global politics and economics, while cybercrime-related attacks result in losses reaching hundreds of billions of dollars within the global industry. While continuing to leverage ransomware and phishing scams, attacks are also occurring through the use of stolen military cyber weapons, vulnerable Internet of Things (IoT) devices, massive credential leakages, and Malware-as-a-Service (MaaS) in underground communities. In addition, the complexity of systems and software is constantly growing, thus increasing organizations’ exposure to attacks. Cyber threat intelligence plays a critical role in providing clear threat visibility and developing capabilities for a proactive cyber defense strategy.
“Verint’s Cyber Security and threat intelligence offerings complement ours, bringing an additional approach to the global threat appreciation,” says Laurent Maury, VP Cybersecurity and Critical Information Systems at Thales. “By combining Verint’s vast experience and advanced Cyber Threat Intelligence capabilities with ours, we can provide our customers with a comprehensive and global strategy to keep both the public and private sectors safer from the ever-increasing level of cyber threats.”
Combining the widest data collection with proprietary intelligence, as well as more than 25 years of domain expertise in designing and developing intelligence driven products and services, Verint empowers organizations to build and maintain a proactive cyber security technology strategy and methodology. This enables organizations to anticipate and mitigate targeted threats, reduce risk and enhance security resilience.
“Joining forces with Thales strengthens our mutual ability to deliver comprehensive knowledge of potential threats, and thus provide the necessary cyber security protection,” said Elad Sharon, President, Verint Cyber Intelligence Solutions. “Verint Cyber Intelligence leverages years of intelligence domain expertise, embedded within investigation methodologies and technologies critical to prevent cyber-attacks before they get into the gateway of the organization. We welcome the opportunity to create an ecosystem, one in which organizations across the globe can benefit from a comprehensive cyber security threat intelligence approach and ultimately receive the highest level of security.”
As a European leader in cyber security and the worldwide leader in data protection, Thales addresses the entire information security lifecycle. Thales helps secure the digital transformation of the most demanding government bodies, private firms and critical infrastructure providers.
Verint and Thales have created a joint intelligence report providing meaningful insights into the dynamic cyber threat landscape and growing diversity in cybersecurity threats in Europe.
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, over 10,000 organizations in more than 180 countries—including over 80 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence® at www.verint.com.
About Thales Group
Thales Group is a French multinational company that designs and builds electrical systems and provides services for the aerospace, defense, transportation and security markets. Its headquarters are in La Défense, and its stock is listed on the Euronext Paris. Combining a unique diversity of expertise, talents and cultures, Thales’ architects design and deliver extraordinary high technology solutions, helping its customers think smarter and act faster—mastering greater complexity and every decisive moment along the way. With 65,000 employees in 56 countries, Thales reported sales of €15.8 billion in 2017.
*Thales and Verint strategic partnership took effect in October 2018.
This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management’s expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2018, our Quarterly Report on Form 10-Q for the quarter ended July 31, 2018, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.
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