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Ongoing Campaign May Be Grabbing Legacy Passwords From Fortinet FortiGate DevicesCybercriminals are selling access to 75,000 Fortinet FortiGate devices with VPN and web management interfaces, and the admin credentials appear to be legitimate and recently harvested as part of a still-live campaign, security experts warned.

Bank Info Security 8 months, 2 weeks ago

Keeping Revenue Forecasts From Becoming Legal Liabilities

Why the Fortinet Earnings Case Is a Cautionary Tale for the Cybersecurity SectorFortinet's stock unexpectedly plunged more than 20% in August. That same month, Gartner named Fortinet an industry leader in its Magic Quadrant for hybrid mesh firewalls. But the thing that sent Fortinet's stock into a nosedive was revenue forecasts that didn't pan out.

Bank Info Security 8 months, 3 weeks ago

Fortinet Accused of Securities Fraud Over Firewall Forecasts

Pension Funds Say Fortinet Leaders Misled Market With Overly Rosy Refresh OutlookPublic pension funds filed securities fraud lawsuits claiming Fortinet misled investors by overstating the value and timing of a major firewall refresh cycle. The lawsuits allege the refresh involved outdated products and had limited business impact, contradicting Fortinet's upbeat public messaging.

Bank Info Security 10 months, 2 weeks ago

Palo Alto, Fortinet, Check Point Control Firewall Gartner MQ

Cisco Visionary, HPE Juniper Challenger in Inaugural Hybrid Mesh Firewall RankingNetwork security behemoths Palo Alto Networks, Fortinet and Check Point Software topped Gartner's first-ever Magic Quadrant for hybrid mesh firewalls. Gartner said the firewall market is moving toward centralized orchestration, interoperability and AI-powered automation.

Actively Targeted Zero Day Patched; Warning Issued After Device Configurations LeakFortinet has released patches to fix a zero-day vulnerability being actively exploited by attackers. Separately, researchers are warning customers to review their infrastructure after attackers leaked configuration details - including firewall rules and plaintext VPN passwords - for 15,000 devices.