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Saturday, June 25, 2022

Cyren Ltd. (CYRN) decreases in the aftermarket – What happened?

Cyren Ltd. (CYRN) experienced a decline of 7.5% in the aftermarket. However, the last trading session closed at $0.6 with a decrease of 3.98%.

CYRN Adds Support for Ten Languages to its Microsoft 365 Anti-Phishing Solution

On 30th September 2021, CYRN Inbox Security, the company’s anti-phishing product, has updated to incorporate various language support. This allows for more effective transmission of phishing risks to end-users in their local language. It is vital that the security of a business is not endangered as a result of misunderstanding or inaccurate translation of critical threat information.

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Individual users can choose their preferred language using CYRN’s Outlook add-in, while administrators of CYRN Inbox Security can set the default language for all user communication. All of the Outlook add-threat in’s scanning and reporting functions, as well as any email banners that warn recipients about email-based dangers, are shown in the user’s selected language.

Strengthen Phishing Defense for Microsoft 365

On 8th September 2021, CYRN announced its collaboration to combat the “new normal” of cloud adoption and phishing attacks. This way businesses of all sizes will be able to make use of the power of Microsoft 365 while reducing the time and effort necessary to identify and mitigate phishing assaults.

Improving is a full-service IT consulting business that serves hundreds of companies. It provides a modern workplace, data, business applications, secure applications, and infrastructure, etc.

CYRN announced Second Quarter 2021 Financial Results

CYRN announced second-quarter 2021 financial results on 17th August 2021. Firstly, in the second quarter of 2021, sales were $7.6 million, down from $9.2 million in the second quarter of 2020. Secondly, the GAAP net loss for the second quarter of 2020 was $5.6 million.

Thirdly, the non-GAAP net loss for the second quarter of 2021 was $4.5 million. Cash used in operating activities in the second quarter of 2021 was $2.3 million. This owed to an increase in net loss, a decrease in deferred revenue due to the receipt of a multi-year.

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