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ALLT - Allot News Story

$18.11 0.2  1.1%

Last Trade - 07/05/21

Consumer Cyclicals
Mid Cap
Market Cap £461.7m
Enterprise Value £391.6m
Revenue £97.3m
Position in Universe 3289th / 6858

Phishing Attacks Increase 718% in Europe According to Allot Research

Mon 1st March, 2021 11:22am
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Hod Hasharon, Israel, March 01, 2021 (GLOBE NEWSWIRE) -- Allot Ltd.
a leading global provider of innovative network intelligence and security
solutions for service providers and enterprises worldwide, today announced the
release of its 2020 Europe Cyber Threat Report. The 2020 trends presented in
this report include:

* Phishing attacks against consumers increased an average of 718% compared
with 2019.
* Phishing comprised 51% of all cyberthreats against consumers.
* Allot blocked more than 2 billion cyber threats against protected consumers.

The Allot Cyber Threat Report is released quarterly and covers threats that
are detected and blocked by Allot Secure
for European CSPs. In this report, Allot tracked a number of trends affecting
consumers, including phishing, adware, malicious downloads and more. The
report notes a sharp increase in Covid-19-related threats. In January 2020,
phishing attacks accounted for only 5% of all threats blocked by Allot Secure
solutions in Europe. By April, at the peak of the first wave of Covid-19,
phishing attacks rose to 56% of all blocked attacks. This reflects how cyber
criminals took advantage of their victims’ sensitivity to Covid-19 themed
threats as the impact of the pandemic increased.


This data was reported by European CSPs whose consumer customers are protected
by Allot Secure. Allot Secure is a family of network-based cybersecurity
solutions that provide the tools for CSPs to offer their consumer and SMB
customers zero-touch, clientless protection from attacks including malware,
viruses phishing, ransomware plus parental and content control services. Allot
Secure services provide a unified experience for consumers on any device no
matter how they connect to their data – on the mobile network, through their
home router and as guests on Wi-Fi networks.


“As a company that develops and integrates cybersecurity services for
communication service providers, Allot is out in the field, helping our
customers protect their customers from the effects of cyber crime on any
device, wherever they are,” said Dr. Yael Villa, Senior Vice President
Cybersecurity Division at Allot. “Although we measured a significant jump in
consumer-facing phishing attacks in 2020, our research shows that Allot
solutions also blocked over a billion other threats including malware, spyware
and host of other types of attacks.”


To get the full Allot 2020 Cyber Threat Report, you can download
it from the Allot website. Allot is also offering a free webinar
‘What Poses the Greatest Danger to Your Subscribers?’ on March 2, 2021
where Allot cybersecurity experts will discuss the research in the report.




Additional Resources:

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About Allot

Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading innovative
network intelligence and security solutions for service providers and
enterprises worldwide, enhancing value to their customers. Our solutions are
deployed globally for network and application analytics, traffic control and
shaping, network-based security services, and more. Allot’s multi-service
platforms are deployed by over 500 mobile, fixed and cloud service providers
and over 1000 enterprises. Our industry-leading network-based security as a
service solution has achieved over 50% penetration with some service providers
and is already used by over 20 million subscribers globally.


Allot. See. Control. Secure.


Forward-Looking Statement

This release contains forward-looking statements, which express the current
beliefs and expectations of company management. Such statements involve a
number of known and unknown risks and uncertainties that could cause our
future results, performance or achievements to differ significantly from the
results, performance or achievements expressed or implied by such
forward-looking statements. Important factors that could cause or contribute
to such differences include risks relating to: acceptance of our products by
our reseller and customer in EMEA, our ability to compete successfully with
other companies offering competing technologies; the loss of one or more
significant customers; consolidation of, and strategic alliances by, our
competitors, government regulation; lower demand for key value-added services;
our ability to keep pace with advances in technology and to add new features
and value-added services; managing lengthy sales cycles; operational risks
associated with large projects; our dependence on third-party channel partners
for a material portion of our revenues; and other factors discussed under the
heading "Risk Factors" in the Company's annual report on Form 20-F filed with
the Securities and Exchange Commission. Forward-looking statements in this
release are made pursuant to the safe harbor provisions contained in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are made only as of the date hereof, and the Company undertakes no
obligation to update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise.

Seth Greenberg
+972 (0)0549222294

Kimberly Velasco
Fusion PR for Allot

Ehud Helft / Kenny Green
Allot Investor Relations

GlobeNewswire, Inc. 2021
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