SUNNYVALE, Calif., Jan. 02, 2024 (GLOBE NEWSWIRE) --

News Summary
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its fourth quarter and Full Year 2023 financial results on Tuesday, February 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet's financial results conference call will be broadcast live in listen-only mode on the company’s investor relations website at http://investor.fortinet.com. While not required, it is recommended that you join at least 10 minutes prior to the event start.

The CEO and CFO’s prepared remarks, supplemental slides and a call replay will be accessible from the Quarterly Earnings page on the Investor Relations page of Fortinet's website at https://investor.fortinet.com/quarterly-earnings.

About Fortinet
Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today they deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

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Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiCore, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAP, FortiAppEngine, FortiAppMonitor, FortiAuthenticator, FortiBalancer, FortiBIOS, FortiBridge, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCenter, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDirector, FortiDNS, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLocator, FortiLog, FortiMeter, FortiMoM, FortiMonitor, FortiNAC, FortiPartner, FortiPenTest, FortiPhish, FortiPortal, FortiPresence , FortiProtect, FortiProxy, FortiRecorder, FortiReporter, FortiSASE, FortiScan, FortiSDNConnector, FortiSIEM, FortiSDWAN, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiVoIP, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLCOS and FortiWLM.

Other trademarks belong to their respective owners. Fortinet has not independently Tested statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. This news release may contain forward-looking statements that involve uncertainties and assumptions, such as statements regarding technology releases among others. Changes of circumstances, product release delays, or other risks as stated in their filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.

The FortiGate-224B appliance is part of Fortinet's new line of integrated security and networking technologies devices, which enforce internal security policies at the network access layer to blunt the impact of attacks, said Richard Stiennon, chief marketing officer at the Sunnyvale, Calif.-based company.

The FortiGate-224B is a 24-port, 4.4-Gbps switch with a unified threat management bundle of antivirus, firewall, VPN, intrusion prevention, antispam, antispyware, Web filtering and traffic shaping features. The appliance adds security to the mix in the form of clientless network access control (NAC) with port-based quarantine and self-remediation capabilities, Stiennon said.

The proliferation of internal threats is driving the need for embedded security technologies like NAC, and Fortinet is leveraging its ability to stack multiple capabilities into one platform, Stiennon noted.

"Switching and routing are commodities, but security isn't. Rather than add security onto a switch, we're adding switching onto a security device," said Stiennon, former chief research analyst at IT-Harvest, who joined Fortinet in November.

Granular NAC policies allow administrators to regulate access within a company; for example, a company could provide access privileges to the finance department that differ from those given to the administrative department, Stiennon said.

With the FortiGate-224B, Fortinet is targeting small and midsize businesses as well as branch offices, but the plan is to combine security and networking throughout the FortiGate line, Stiennon added.

The FortiGate-224B, available now, carries a starting price of $3,995.

Cybersecurity firm Fortinet Inc. today announced a new generative artificial intelligence assistant that accelerates threat investigation and remediation.

Called Fortinet Advisor, the new AI service is designed to augment the capabilities of security operations teams. Integrated with Fortinet’s security information and event management service, called FortiSIEM, and security orchestration, automation and response solution, called FortiSOAR, the AI analyzes security incidents and provides easy-to-understand summaries, context and potential impact assessments.

Fortinet Advisor assists in building complex investigation queries and creating efficient remediation plans. In doing so, it significantly reduces the time required for threat detection and response, enhancing the overall efficiency and effectiveness of SecOps teams in managing cybersecurity threats and incidents.

The tool’s integration with FortiSIEM and FortiSOAR is part of Fortinet’s commitment to providing comprehensive cybersecurity solutions. Working within the established framework of these platforms, Fortinet Advisor ensures a seamless workflow for security professionals, allowing them to focus on strategic decision-making rather than getting bogged down by the intricacies of data analysis.

Part of Fortinet’s Security Operations portfolio, the service can help organizations move from a reactive to a proactive security posture and quickly detect and disrupt cyber threats. Fortinet’s Security Operations solutions utilize AI and advanced analytics to identify sophisticated threats early in the kill chain and automate response activity across the Fortinet Security Fabric to speed investigation and remediation.

The new AI is not Fortinet’s first entry into AI, with the company now having a portfolio of more than 40 AI-powered offerings. “We’re excited to build on their legacy as a leader in AI cybersecurity innovation with Fortinet Advisor, which combines Fortinet’s vast intelligence network with the benefits of GenAI to increase security team productivity and speed threat detection and mitigation,” Michael Xie, founder, president and chief technology officer at Fortinet, said ahead of the release.

Fortinet was previously in the news last month when it announced a company restructuring to sharpen its focus on core growth areas after its revenue and outlook fell short in its fiscal third quarter. The plans include leveraging scale, go-to-market capabilities and engineering expertise to focus attention on the fast-growing SASE and security operations markets.

Image: Fortinet

Zero-trust security architecture is the new norm for safeguarding federal agencies and their data. However, challenges loom large in aligning with the Administration’s zero-trust mandates, especially as it sets ambitious targets for 2024.

Dan Daly, deputy director for information assurance and cybersecurity for the Transportation Security Administration, and Felipe Fernandez, CTO for Fortinet Federal, recently joined FedScoop to share their insights on the government’s zero trust journey.

One of the primary obstacles Daly highlighted is the intricate process of transitioning from existing legacy environments to the new zero-trust architecture. The federal government’s budgeting process, spanning over five years, poses a significant hurdle, making it challenging to swiftly adjust security postures and budgets to align with the comprehensive zero-trust framework. Despite the executive order allowing a few years for compliance, the practicality of executing this transition within budgetary constraints remains a substantial concern for agencies.

Fernandez emphasized the importance of a cultural shift within federal agencies to ensure successful zero-trust implementation. Executive adoption of zero-trust principles and a collective commitment at all levels are crucial for overcoming inertia and achieving a unified approach to security. The complexity of agency networks, characterized by multiple enclaves with varying degrees of intricacy, further complicates the implementation of a centralized zero-trust approach.

“There’s not just one technical solution for an entire zero-trust principle or set of principles. At times, you’re going to have to get two different solutions, three different solutions, or accept risk in various elements. And that’s just the challenge of where they are,” Fernandez said.

Daly highlighted how TSA has made significant strides in zero-trust initiatives. “Fortunately, their administrator was fully supportive from the beginning, allowing us to secure approval for a resource allocation…This approval gave us the necessary resources to dedicate a team to zero trust, unlike many other agencies that had to divert existing personnel from ongoing cybersecurity responsibilities to adopt this new paradigm.”

Learn more about evolving government security architectures.

This video panel discussion was produced by Scoop News Group, for FedScoop and underwritten by Fortinet Federal.