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Qualys Inc (QLYS) Q4 2020 Earnings Call Transcript

Operator Ladies and gentlemen, thank you standing by, and welcome to the Qualys Fourth Quarter 2020 Investor Conference call. [Operator Instructions] [Operator Instructions] I will now turn the conference over to Mr. Vin Rao, Vice President of Corporate Development and Investor Relations. Sir, you may begin. Vinayak Rao Vice President, Corporate Development and Investor Relations Good afternoon, and welcome to Qualys Fourth Quarter 2020 Earnings Call. Joining me today to discuss the results are Sumedh Thakar, our interim CEO; and Joo Mi Kim, our CFO. Before we get started, I would like to remind you that our remarks today will include forward-looking statements that generally relate to future events or our future financial or operating performance.

Cyberthreat Hunter FireEye Hacked by Nation-State Attackers

Dec 9, 2020 2:20 PM PT Cybersecurity firm FireEye, which has been prominent in the fight against nation-state cyberthreats, has been itself attacked by a highly sophisticated threat actor, one whose discipline, operational security, and techniques, company CEO Kevin Mandia announced Tuesday. This indicates the attack is likely state-sponsored, by a nation with top-tier offensive capabilities. FireEye is investigating the incident together with the United States Federal Bureau of Investigation and other key partners, including Microsoft. The security vendor joined the Microsoft Intelligent Security Association (MISA) last year, an ecosystem of independent software vendors that have integrated their solutions for improved cybersecurity. FBI Cyber Division assistant director Matt Gorham reportedly said that preliminary indications show an actor with a high level of sophistication consistent with a nation-state.

FireEye, a Top Cybersecurity Firm, Says It Was Hacked by a Nation-State

FireEye, a Top Cybersecurity Firm, Says It Was Hacked by a Nation-State
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Technological Advances Lead to More Robust Cybersecurity Solutions

Novel Approaches are Required to Satisfy Demand for Comprehensive Cybersecurity

[December 30, 2020] FinancialBuzz.com News Commentary NEW YORK, Dec. 30, 2020 /PRNewswire/  Nowadays, an extensive layer of cybersafety is often required for business infrastructure or government agencies in order to protect sensitive information and consumer data. In fact, the global cyber security market size overall was valued at USD 156.5 Billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 10.0% from 2020 to 2027, according to data by Grand View Research. Currently, though, the latest Russian hack, which is being called the largest act of espionage in U.S. history, is being analyzed by experts and cybersecurity firms to determine the magnitude of the threat. According to a report by the Associated Press, the hack compromised federal agencies and critical infrastructure in a sophisticated attack that was hard to detect and will be difficult to undo, the Cybersecurity and Infrastructure Security Agency said in an unusual warning message.

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