Cyren Ltd. (NASDAQ: CYRN) stock declined by 3.17% at the last close whereas the CYRN stock price gains by 11.86% in the after-hours trading session. Every day, Cyren’s cloud security solutions safeguard more than 1.3 billion people in the world from cyber-attacks and data theft.
CYRN stock’ Recent Development
Cyren announced their collaboration to combat the “new normal” of cloud adoption and phishing attacks. Using Cyren’s anti-phishing solution, Cyren Inbox Security, in conjunction with Microsoft’s trusted IT services, companies of all sizes will be able to use the power of Microsoft 365 while reducing the time and energy needed to identify and contain phishing assaults.
Improving is a full-service IT company that provides training, consulting, recruiting, and project management to hundreds of clients around the world. With over 1,000 employees and an award-winning Microsoft gold-certified partner, Improving has the scale, technical expertise, and track record to help customers with their digital transformation. Improving delivers on transformation initiatives centered on the Modern Workplace, Data, Business Applications, Secure Applications and Infrastructure, and Cloud Technologies by leveraging Microsoft’s cloud-based solutions.
In the face of rising corporate email compromise attacks targeting their customer base and Improving’s own staff, Improving realized the need for a best-of-breed architecture for anti-phishing. They were previously aware with the top email security gateways and Microsoft Defender for Office 365, so they were aware of the benefits and drawbacks of each solution. Improving was looking for a cloud-ready, layered strategy to complement Microsoft 365’s core security capabilities while avoiding the complications that third-party secure email gateways bring.
Lior Kohavi, Chief Strategy Officer & EVP Advanced Solutions at Cyren stated,
Their collaboration with Improving will assist businesses in safely modernizing their processes. Their knowledge of Microsoft security and cloud technologies, along with Cyren Inbox Security and Cyren Incident Response Services, will enable businesses that were previously reluctant to accept the cloud to do so safely and reliably.