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IronNet, Inc. (NYSE: IRNT) has released its 2022 Cyber Threat Intel Report, which highlights key trends and tactics from the past year. The report emphasizes increased activity from nation-state actors and the impact of the Ukraine-Russia conflict on global cybersecurity. It also showcases IronNet's enhanced threat detection capabilities, including the launch of IronRadar, a tool for monitoring attacker infrastructure. The company aims to bolster collective cyber defense efforts while predicting future cyber threats.
IronNet has secured an initial federal contract with the U.S. Navy’s Naval Sea Systems Command (NAVSEA) to enhance cybersecurity services. This follows a successful pilot program utilizing the IronNet Collective Defense Platform. The contract, valued at
IronNet, Inc. (NYSE: IRNT) received a notice from the New York Stock Exchange on January 24, 2023, indicating non-compliance with listing standards due to a share price below $1.00 and market capitalization under $50 million. The company has 45 days to submit a compliance plan and 18 months to meet standards. Until then, the stock will trade as 'IRNT.BC'. The notice does not impact business operations or SEC reporting. Founded in 2014, IronNet specializes in cybersecurity and aims to transform network security.
IronNet, Inc. (NYSE: IRNT) announced enhancements to its network detection and response solution, IronDefense, which now offers advanced detection capabilities for cyber threats, including VPN abuse and DNS tunnel activities. IronNet also secured a $2 million bridge loan from C5 Capital, with a 13.8% interest rate due by June 30, 2023, similar to previous loans totaling $6.9 million. The updates aim to improve cybersecurity for organizations and support SOC analysts in identifying threats efficiently.
IronNet (NYSE: IRNT) received a notice from the NYSE regarding non-compliance with filing requirements due to failure to submit its Quarterly Report on Form 10-Q for the quarter ended October 31, 2022. This delay stems from an investigation by its audit committee linked to allegations from a former employee, though these allegations do not impact the financial statements. IronNet has six months from December 20, 2022, to file the report, with the possibility of a six-month extension. The notice does not affect the current listing status of IronNet’s shares.
IronNet (NYSE: IRNT) has launched IronRadar, an innovative cybersecurity tool that proactively updates customer defenses against cyber threats. Available now on AWS Marketplace with a free trial option, IronRadar boasts a 98% accuracy rate in identifying command and control infrastructure before attacks occur. The solution is easy to integrate with existing security tools, ensuring timely updates to block threats effectively. IronNet's leadership will showcase IronRadar at AWS reInvent 2022, providing briefings on emerging cyber threats and collective defense strategies.
