Fortinet
{{Short description|American network security corporation}}
{{distinguish|Fortnite}}
{{mi|
{{Advert|date=October 2024}}
{{Copy edit|date=March 2025}}
{{Notability|corp|date=March 2025}}
{{Unreliable sources|date=March 2025}}
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{{Use mdy dates|date=May 2024}}
{{Infobox company
| name = Fortinet, Inc.
| logo = Fortinet logo.svg
| type = Public
| traded_as = {{ubl|{{NASDAQ|FTNT}}|Nasdaq-100 component|S&P 500 component}}
| founded = {{Start date and age|2000}}
| founders = {{ubl|Ken Xie|Michael Xie}}
| hq_location_city = Sunnyvale, California
| hq_location_country = U.S.
| industry = {{ubl|Cloud Security|Cybersecurity|Network Security}}
| products = {{Hlist|Fortinet Security Fabric |FortiGate NGFW |FortiGate enterprise |FortiGate carrier |FortiSwitch |FortiAP |FortiWeb |FortiSIEM |FortiSandbox |FortiClient |FortiManager |FortiAnalyzer |FortiEDR |FortiAuthenticator |FortiDeceptor |FortiNAC |FortiGate VM |FortiPAM |FortiCamera |FortiVoice |FortiMail |FortiSOAR |FortiADC |FortiCASB |FortiDDoS |FortiToken}}
| services = {{ubl|Next generation firewalls |Antivirus programs |Intrusion-prevention system |Antispyware |Antispam |VPN |Wireless security |Application control |Web filtering |Security information and event management}}
| key_people = {{ubl|Ken Xie (CEO)|Michael Xie (CTO)|Keith Jensen (CFO)}}
| revenue = {{increase}} {{US$|5.96 billion|link=yes}} (2024)
| operating_income = {{increase}} US$1.80 billion (2024)
| net_income = {{increase}} US$1.75 billion (2024)
| assets = {{increase}} US$9.76 billion (2024)
| equity = {{increase}} US$1.49 billion (2024)
| num_employees = 14,138 (2024)
| website = {{url|fortinet.com}}
| footnotes = {{cite web
| url = https://www.sec.gov/ix?doc=/Archives/edgar/data/1262039/000126203925000011/ftnt-20241231.htm
| title = Fortinet Inc. 2024 Annual Report (Form 10-K)
| publisher = U.S. Securities and Exchange Commission
| date = February 24, 2025
| pages = 9, 76–77}}{{cite news
|last1 = Greene
|first1 = Tim
|title = New security fabric to unite Fortinet gear with that of other vendors
|url = https://www.networkworld.com/article/950782/new-security-fabric-to-unite-fortinet-gear-with-that-of-other-vendors.html
|access-date = July 10, 2017
|work = Network World
|date = April 25, 2016
|archive-date = April 26, 2024
|archive-url = https://web.archive.org/web/20240426185546/https://www.networkworld.com/article/950782/new-security-fabric-to-unite-fortinet-gear-with-that-of-other-vendors.html
|url-status = live
}}
}}
Fortinet, Inc. is an American cybersecurity company with headquarters in Sunnyvale, California. The company develops and sells security solutions like firewalls, endpoint security and intrusion detection systems. Fortinet has offices located all over the world.
Brothers Ken Xie and Michael Xie founded Fortinet in 2000. The company's first and main product was FortiGate, a physical firewall. The company later added wireless access points, sandbox and messaging security. The company went public in November 2009.{{Cite web |date=18 November 2009 |title=VC-backed Fortinet has 4th best U.S. debut of '09 |url=https://www.reuters.com/article/business/vc-backed-fortinet-has-4th-best-u-s-debut-of-09-idUSTRE5AH3VI/ |access-date=29 January 2025 |website=Reuters}}
History
=Early history=
In 2000, Ken Xie and his brother Michael Xie co-founded Appligation, Inc., which they renamed ApSecure and finally Fortinet (from the phrase "Fortified Networks").{{cite book|author1=Kenneth Tam|author2=Martín H. Hoz Salvador|author3=Ken McAlpine|author4=Rick Basile|author5=Bruce Matsugu|author6=Josh More|title=UTM Security with Fortinet: Mastering FortiOS|url=https://books.google.com/books?id=zjz9kY4ENEoC&pg=PA16|date=December 31, 2012|publisher=Newnes|isbn=978-1-59749-977-4|pages=16–17}}
Fortinet introduced its first product, FortiGate, in 2002, followed by anti-spam and anti-virus software.{{cite book|title=International Directory of Company Histories:Fortinet|last=Hill|first=Karen|date=2012|publisher=St James Press|isbn=978-1-55862-810-6|volume=128|pages=223–227}} The company raised $13 million in private funding from 2000 to early 2003. Fortinet's first channel program was established in October 2003.{{cite news|title=Fortinet Adds New Partner Program|first=Christina|last=Torode|date=October 24, 2003|url=http://www.crn.com/news/security/18825753/fortinet-adds-new-partner-program.htm|newspaper=CRN|access-date=March 10, 2015}}
The company began distributing its products in Canada in December 2003 and in the UK in February 2004. By 2004, Fortinet had offices in Asia, Europe, and North America.{{cite news|last=Natividad|first=Beverly|title=Real-time firewalls preserve performance|date=March 2, 2004|newspaper=BusinessWorld}}
=Growth and expansion=
Fortinet became profitable in the third quarter of 2008.{{cite news|title=Security Security: Fortinet IPO Jumps 33%|last=Cowan|first=Lynn|date=November 19, 2006|newspaper=The Wall Street Journal|page=C6}}
According to market research firm IDC, by November 2009, Fortinet held over 15 percent of the unified threat management market.{{cite news|title=Computer security co. Fortinet plans IPO this week|url=http://old.seattletimes.com/html/businesstechnology/2010287638_apusfortinetipopreview.html|newspaper=Seattle Times|access-date=March 13, 2015|date=November 17, 2009|archive-date=September 21, 2016|archive-url=https://web.archive.org/web/20160921120210/http://old.seattletimes.com/html/businesstechnology/2010287638_apusfortinetipopreview.html|url-status=dead}} Also in 2009, CRN Magazine{{'}}s survey-based annual report card placed Fortinet first in network security hardware, up from seventh in 2007.{{cite news|title=Fortinet IPO: Love Of Services|first=Robert|last=DeMarzo|date=September 25, 2009|url=http://www.crn.com/blogs-op-ed/channel-centric/220200266/fortinet-ipo-love-of-services.htm|access-date=March 13, 2015|newspaper=CRN}} In November 2009, Fortinet had an initial public offering, opening on the NASDAQ Global Market under the ticker symbol FTNT.{{Cite web |last=Kovar |first=Joseph F. |title=Fortinet Raises $156M in IPO {{!}} CRN |url=https://www.crn.com/news/security/221900104/fortinet-raises-156m-in-ipo |access-date=2025-01-08 |website=www.crn.com}} By the end of the first day of trading, the company had raised $156 million.{{cite news|first=Robert|last=McMillan|publisher=IDG News|url=http://www.pcworld.com/article/182549/article.html|date=November 18, 2009|access-date=March 13, 2015|title=Security Vendor Fortinet Sparkles in IPO|archive-date=September 27, 2016|archive-url=https://web.archive.org/web/20160927225233/http://www.pcworld.com/article/182549/article.html|url-status=dead}} The company later became listed on the NASDAQ Global Select Market, and became a component of the NASDAQ-100 index.{{Needs citation|date=January 2025}}
By 2010, Fortinet had $324 million in annual revenues and held the largest share of the unified threat management market according to IDC.{{cite news|url=https://dealbook.nytimes.com/2010/11/01/computer-security-deals-a-good-sign-for-fortinet/|title=Fortinet's Shares Take Wild Ride on Deal/No Deal|last=Kaplan|first=Thomas|work=DealBook|date=November 2010 |access-date=2018-12-10|language=en}}
=Recent history=
In July 2014, Fortinet announced a technical certification program called the Network Security Expert (NSE) program.{{cite news|url=http://www.itworldcanada.com/article/fortinet-creates-new-network-security-expert-certification/95987#ixzz3UTfldWCt|title=New online IT training touted to help meet skills shortage|last=Solomon|first=Howard|date=July 29, 2014|access-date=March 14, 2015|publisher=IT World Canada}} In March 2016, Fortinet launched a Network Security Academy to help fill open cybersecurity jobs in the U.S. Fortinet donated equipment and provided information to universities to help train students for jobs in the field.{{cite web|url=http://www.mercurynews.com/business/ci_29667157/intel-fortinet-launch-cyber-security-initiatives|title=Intel, Fortinet, launch cybersecurity initiatives|date=March 22, 2016|website=San Jose Mercury News|access-date=June 24, 2016}} Also in 2016, Fortinet launched a program called FortiVet to recruit military veterans for cybersecurity jobs.{{cite web|url=https://www.verdict.co.uk/cybersecurity-skills-shortage-vendors-workforce-shortfall/|title=Cybersecurity skills shortage: vendors step up to address workforce shortfall {{!}} Verdict|website=www.verdict.co.uk|date=30 May 2018|language=en-GB|access-date=2018-12-10}}
In January 2017, it was announced that Philip Quade, a former member of the NSA, would become the company's chief information security officer.{{cite news|url=http://fortune.com/2017/01/09/nsa-cyber-fortinet-information-security-chief-philip-quade/|title=Exclusive: Ex-NSA Cyber Boss Named Fortinet Information Security Chief|work=Fortune|access-date=2018-12-10|language=en}}
In 2019, Fortinet's FortiGate SD-WAN and Next Generation Firewall received a "Recommended" rating from NSS Labs.{{Cite news|last=Auger|first=Steve|date=2019-08-08|title=Fortinet: A Strong Buy (NASDAQ:FTNT)|url=https://seekingalpha.com/article/4283191-fortinet-strong-buy|access-date=2020-11-18|website=Seeking Alpha|language=en}}
In September 2021, Fortinet pledged to train one million people in support of President Joe Biden's call to action to address the talent shortage in American cybersecurity.{{cite web |url=https://www.scmagazine.com/analysis/careers/answering-bidens-call-tech-and-cyber-companies-commit-to-more-career-training |title=Answering Biden's call, tech and cyber companies commit to more career training |last=Barth |first=Bradley | publisher=SC Media |date=10 September 2021 |access-date=2021-12-08}}
In March 2022, Fortinet announced the termination of operations in Russia. The company has stopped all sales, support, and professional services within Russia.{{Cite web |title=Fortinet Talks Growth with Channel Partners, Ceases Russia Operations |url=https://www.channelfutures.com/security/the-gately-report-fortinet-ceases-russia-operations-talks-growth-with-partners-kaspersky-rebuffs-german-warning |access-date=2025-02-24 |website=www.channelfutures.com |language=en}}{{Cite web |title=Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain {{!}} Yale School of Management |url=https://som.yale.edu/story/2022/over-1000-companies-have-curtailed-operations-russia-some-remain |access-date=2025-02-24 |website=som.yale.edu |language=en}}
Also in 2022, NetworkWorld reported that Fortinet had introduced new AI and ML-based security services utilizing telemetry from its global network.{{Cite web |last=Cooney |first=Michael |date=2022-04-04 |title=Fortinet tightens integration of enterprise security, networking controls |url=https://www.networkworld.com/article/3655694/fortinet-tightens-integration-of-enterprise-security-networking-controls.html |access-date=2023-03-10 |website=Network World |language=en}}
Acquisitions
In 2008, the company acquired the intellectual property of IPLocks, a database security and auditing company.{{cite news |last=McMillan |first=Robert |date=June 17, 2008 |title=Fortinet buys assets of security vendor IPLocks |url=https://www.networkworld.com/article/807232/lan-wan-fortinet-buys-assets-of-security-vendor-iplocks.html |access-date=March 14, 2015 |publisher=IDG News Service}}
In August 2009, Fortinet acquired the intellectual property and other assets of Woven Systems, an Ethernet switching company.{{cite news |last=Kotadia |first=Munir |date=August 20, 2009 |title=Woven Systems technology lives on with Fortinet |url=http://www.itnews.com.au/News/153468,woven-systems-technology-lives-on-with-fortinet.aspx |access-date=March 13, 2015 |newspaper=IT News}}
Fortinet made four acquisitions from 2012 to 2016. The company acquired app-hosting service XDN (formerly known as 3Crowd) in December 2012,{{cite news |last=Davis |first=Jim |date=December 17, 2012 |title=Did Fortinet acquire XDN in a bid to add more cache to its portfolio? |url=https://451research.com/report-short?entityId=75234 |access-date=March 14, 2015 |publisher=451 Group}} Coyote Point in 2013,{{cite news |last=King |first=Rachel |date=March 22, 2013 |title=Fortinet buying Coyote Point for application delivery model |url=https://www.zdnet.com/article/fortinet-buying-coyote-point-for-application-delivery-model/ |access-date=March 13, 2015 |publisher=ZDNet}} and Wi-Fi hardware company Meru Networks in 2015.{{cite news |last=Kuranda |first=Sarah |date=May 27, 2015 |title=Fortinet Dives Deep Into Enterprise Secure Wireless Market With Meru Networks Acquisition |url=http://www.crn.com/news/security/300076943/fortinet-dives-deep-into-enterprise-secure-wireless-market-with-meru-networks-acquisition.htm |access-date=June 10, 2015 |newspaper=CRN}} In June 2016, Fortinet acquired IT security, monitoring and analytics software vendor, AccelOps.{{cite web |last=Kuranda |first=Sarah |date=June 7, 2016 |title=Fortinet Dives Into SIEM Market With $28M Acquisition Of AccelOps |url=http://www.crn.com/news/security/300080956/fortinet-dives-into-siem-market-with-28m-acquisition-of-accelops.htm |access-date=June 16, 2016 |website=CRN}}
In June 2018, Fortinet acquired Bradford Networks, a maker of access control and IoT security solutions.{{cite news |last=Novinson |first=Michael |title=Fortinet Snaps Up IoT-Focused Security Firm Bradford Networks |url=https://www.crn.com/news/security/300104531/fortinet-snaps-up-iot-focused-security-firm-bradford-networks.htm |access-date=2018-12-10 |work=CRN}}
In October 2018, Fortinet acquired ZoneFox, a threat analytics company.{{Cite web |last=Novinson |first=Michael |date=2018-10-23 |title=Fortinet Buys Threat Analytics Startup ZoneFox To Fight Insider Threats |url=https://www.crn.com/news/security/fortinet-buys-threat-analytics-startup-zonefox-to-fight-insider-threats |access-date=2020-04-27 |website=CRN}}
In late 2019, Fortinet acquired enSilo and CyberSponse.{{Cite web |date=28 October 2019 |title=Fortinet Acquires Endpoint Security Firm enSilo {{!}} SecurityWeek.Com |url=https://www.securityweek.com/fortinet-acquires-endpoint-security-firm-ensilo |access-date=2020-04-27 |website=www.securityweek.com}}{{Cite web |last=Arghire |first=Ionut |date=13 December 2019 |title=Fortinet Acquires SOAR Platform Provider CyberSponse |url=https://www.securityweek.com/fortinet-acquires-soar-platform-provider-cybersponse |access-date=27 April 2020 |website=Security Week}}
In 2020, Fortinet acquired SASE cloud provider OPAQ Networks,{{Cite news |date=2020-07-21 |title=Fortinet Acquires OPAQ Networks |url=https://www.infosecurity-magazine.com/news/fortinet-acquires-opaq-networks/ |access-date=2020-07-22}} and automated incident management company Panopta.{{Cite web |date=8 December 2020 |title=Fortinet : Acquires Application Security Innovator Sken.ai to Accelerate DevSecOps CRN |url=https://www.crn.com/news/security/fortinet-buys-network-monitoring-player-panopta-to-aid-uptime |access-date=2022-02-04 |website=www.crn.com}}
In Mach 2021, Fortinet acquired cloud and network security firm ShieldX.{{cite web |author=Michael Novinson |date=20 March 2022 |title=Fortinet Acquires Cloud And Network Security Startup ShieldX |url=https://www.crn.com/news/security/fortinet-acquires-cloud-and-network-security-startup-shieldx |work=CRN}} In July 2021, Fortinet acquired application security company Sken.Ai to offer continuous application security testing.{{Cite web |date=8 July 2021 |title=Fortinet : Acquires Application Security Innovator Sken.ai to Accelerate DevSecOps MarketScreener.Com |url=https://www.marketscreener.com/quote/stock/FORTINET-INC-60103137/news/Fortinet-Acquires-Application-Security-Innovator-Sken-ai-to-Accelerate-DevSecOps-35820138/ |access-date=2022-02-04 |website=www.marketscreener.com}}
In June 2024, Fortinet acquired Lacework, a data-driven cloud security company for an undisclosed amount.{{Cite web |last=Alspach |first=Kyle |title=Fortinet Completes Acquisition Of Former Cloud Security Unicorn Lacework |url=https://www.crn.com/news/security/2024/fortinet-completes-acquisition-of-former-cloud-security-unicorn-lacework |access-date=2024-12-03 |website=www.crn.com}}{{Cite web |last=Cser |first=Andras |date=2024-06-12 |title=Fortinet Acquires Lacework |url=https://www.forrester.com/blogs/fortinet-acquires-lacework/ |access-date=2025-04-02 |website=Forrester |language=en-US}} In August 2024, Fortinet acquired Next DLP, a cloud based DLP provider company for an undisclosed amount.{{Cite web |date=2024-08-14 |title=Fortinet acquires data security company Next DLP |url=https://finance.yahoo.com/news/fortinet-acquires-data-security-company-105508668.html |access-date=2024-08-14 |website=Yahoo Finance |language=en-US}}
Products and research
=Products=
Fortinet released its first product, FortiGate, a firewall, in 2002, followed by anti-spam and anti-virus software.{{cite web|url=https://www.esecurityplanet.com/products/fortinet-utm.html|title=Fortinet UTM: Product Overview and Analysis|website=www.esecurityplanet.com|date=23 July 2018|language=en|access-date=2018-11-12}}
As functions like anti-spam were added, they were made available in a unified product along with the firewall and other functions. FortiGate was updated later to use application-specific integrated circuit (ASIC) architecture.{{cite web|url=https://www.crn.com/news/security/300098916/fortinet-ceo-xie-says-company-primed-for-growth-touts-new-third-gen-firewall-appliance-and-fortigate-virtual-machine.htm|title=Fortinet CEO Xie Says Company Primed For Growth, Touts New Third-Gen Firewall Appliance And FortiGate Virtual Machine|last=Kovar|first=Joseph F.|website=CRN|date=6 February 2018|access-date=2018-12-10}} The company has used ASIC in several of its products, including to support its SD-WAN features.{{Cite web|url=https://www.sdxcentral.com/articles/news/fortinet-ceo-sd-wan-edge-automation-key-to-next-gen-security/2020/02/|title=Fortinet CEO: SD-Wan, Edge, Automation Key to Next-Gen Security|date=28 February 2020|access-date=27 April 2020}}{{Cite web|url=https://searchnetworking.techtarget.com/news/252461428/New-ASIC-bolsters-Fortinet-SD-WAN-performance|title=New ASIC bolsters Fortinet SD-WAN performance|website=Tech Target}}
Initially, FortiGate was a physical, rack-mounted product but later became available as a virtual appliance that could run on virtualization platforms such as VMware vSphere.
In May 2004, Trend Micro, a competing cyber security and defense company, filed a legal complaint against Fortinet. Though the International Trade Commission initially ruled against Fortinet,{{cite news|url=http://www.infoworld.com/article/2670879/techology-business/judge-rules-for-trend-micro-in-fortinet-patent-case.html|title=Judge rules for Trend Micro in Fortinet patent case|last=Gross|first=Grant|date=May 13, 2005|newspaper=Infoworld|access-date=March 11, 2015}} the Trend Micro patents at the center of the dispute were later declared invalid in 2010.{{cite news|url=https://www.networkworld.com/article/752626/opensource-subnet-the-patent-that-refuses-to-die.html|title=The Patent That Refuses To Die|last=Shimel|first=Alan|date=April 12, 2011|newspaper=Network World|access-date=March 14, 2015}} In 2005, an OpenNet study suggested that Myanmar, which was under American sanctions, had begun using Fortinet's FortiGuard system for internet censorship. Fortinet stated that their products are sold by third-party resellers and that they acknowledged US embargoes;{{cite news|url=https://www.nytimes.com/2005/10/12/technology/12filter.html?_r=0&adxnnl=1&adxnnlx=1426443816-v4aoPQxnHNV922VPqpeixg|title=Study Says Software Makers Supply Tools to Censor Web|last=Zeller|first=Tom|date=October 12, 2005|newspaper=The New York Times|access-date=March 15, 2015}} however, their sales director participated in a ceremony to deliver the firewall product to the prime minister.{{Cite web |date=16 May 2004 |title=Prime Minister attends ceremony to introduce Fortinet Antivirus Firewall |url=http://www.myanmar.gov.mm/NLM-2004/May04/enlm/May16_h1.html |url-status=dead |archive-url=https://web.archive.org/web/20060223145818/http://www.myanmar.gov.mm/NLM-2004/May04/enlm/May16_h1.html |archive-date=23 February 2006 |website=New Light Of Myanmar}}{{Cite web |date=October 2005 |title=Internet Filtering in Burma in 2005: A Country Study |url=https://dash.harvard.edu/bitstream/handle/1/2794917/Internet+Filtering+in+Burma.pdf?sequence=2 |website=OpenNet Initiative}}
In April 2016, Fortinet began building its Security Fabric architecture so multiple network security products could communicate as one platform.{{cite web|url=https://www.networkworld.com/article/950782/new-security-fabric-to-unite-fortinet-gear-with-that-of-other-vendors.html|title=New security fabric to unite Fortinet gear with that of other vendors|last=Greene|first=Tim|date=2016-04-25|website=Network World|language=en|access-date=2019-01-24|archive-date=2024-04-26|archive-url=https://web.archive.org/web/20240426185546/https://www.networkworld.com/article/950782/new-security-fabric-to-unite-fortinet-gear-with-that-of-other-vendors.html|url-status=live}} Later that year, the company added Security Information and Event Management (SIEM) products.{{cite web|url=https://www.zdnet.com/article/fortinet-acquires-security-analytics-firm-accelops/|title=Fortinet acquires security analytics firm AccelOps|last=Gagliordi|first=Natalie|date=June 7, 2016|website=ZDNet|access-date=June 16, 2016}} In September 2016, the company announced it would integrate the SIEM products with the security systems of other vendors.{{cite web|url=https://www.sdxcentral.com/articles/news/fortinet-introduces-partner-program-integrate-security-fabric/2016/09/|title=Fortinet Introduces Partner Program to Integrate Its Security Fab|date=27 September 2016|access-date=2019-01-14}}
In 2017, Fortinet announced the addition of switches, access points, analyzers, sandboxes and cloud capabilities to the Security Fabric, in addition to endpoints and firewalls.{{cite web|url=https://www.crn.com/news/security/300083353/crn-exclusive-fortinet-launches-new-fortios-security-operations-solution.htm|title=CRN Exclusive: Fortinet Launches New FortiOS, Security Operations Solution|last=Kuranda|first=Sarah|website=CRN|date=10 January 2017|access-date=2018-12-20}}{{cite web|url=https://www.crn.com/news/security/300084518/fortinet-extends-security-fabric-to-the-cloud-creating-new-cloud-security-opportunities-for-partners.htm|title=Fortinet Extends Security Fabric To The Cloud, Creating New Cloud Security Opportunities For Partners|last=Kuranda|first=Sarah|website=CRN|date=11 April 2017|access-date=2018-12-21}} Later in 2017, Fortinet created a standalone subsidiary, Fortinet Federal, to develop cybersecurity products for government agencies.{{cite news|url=https://washingtontechnology.com/articles/2017/05/15/fortinet-starts-federal-arm.aspx|title=Fortinet unveils new federal arm|last1=Wilkers|first1=Ross|date=May 15, 2017|work=Washington Technology|access-date=July 5, 2017}} Fortinet has received security effectiveness certifications through NSS Labs.{{cite web|url=https://www.sdxcentral.com/articles/news/quality-of-experience-is-what-distinguishes-sd-wan-products-says-nss-labs/2018/08/|title=Quality of Experience is What Distinguishes SD-WAN Products, Says|website=SDxCentral|date=9 August 2018|language=en-US|access-date=2018-12-20}}
File:Fortinet FortiGate 6501F.png
In 2019, Fortinet grew to 21,000 WAN edge customers, according to a Gartner report.{{Cite news|date=2019-12-17|title=Fortinet Leapfrogs Cisco With 21,000 SD-WAN Customers - SDxCentral|language=en-US|work=SDxCentral|url=https://www.sdxcentral.com/articles/news/fortinet-leapfrogs-cisco-with-21000-sd-wan-customers/2019/12/|access-date=2020-11-18}}
In February 2020, Fortinet released FortiAI, a threat-detection program that uses artificial intelligence.{{Cite web|url=https://www.sdxcentral.com/articles/news/fortinet-forges-fortiai-security-service/2020/02/|title=Fortinet Forges FortiAI Security Appliance|last=Mann|first=Tobias|date=24 February 2020|website=SDX Central|access-date=27 April 2020}}{{Cite web|url=https://www.channelpro.co.uk/go/11670|title=Fortinet expands AI security range with FortiAI|website=Channel Pro|language=en|access-date=2020-04-27}} In July 2020, Fortinet launched multi-cloud SD-WAN.{{Cite news|date=2020-07-14|title=Fortinet Debuts Multi-Cloud SD-WAN - SDxCentral|language=en-US|work=SDxCentral|url=https://www.sdxcentral.com/articles/news/fortinet-debuts-multi-cloud-sd-wan/2020/07/|access-date=2020-11-18}} That year, BT Security selected Fortinet and other Threat Alliance members as Critical Partners.{{Cite web|last=Raywood|first=Dan|date=2020-08-27|title=BT Security Announces Vendor Partners to Simplify and Strengthen Protection|url=https://www.infosecurity-magazine.com:443/news/bt-security-vendor-partners/|access-date=2020-11-18|website=Infosecurity Magazine}}
=Vulnerabilities and credential leaks=
In September 2021, almost 500,000 login names and passwords for Fortinet VPN devices were published on a hacking forum. The credentials were allegedly scraped from devices vulnerable to a 2018 exploit (CVE-2018-13379).{{Cite web |title=Hackers leak passwords for 500,000 Fortinet VPN accounts |url=https://www.bleepingcomputer.com/news/security/hackers-leak-passwords-for-500-000-fortinet-vpn-accounts/ |last=Abrams |first=Lawrence |date=2021-09-08 |access-date=2025-01-21 |website=Bleeping Computer}}
In January 2025, the credentials and configuration files of over 15,000 FortiGate devices were leaked on a hacking forum.{{Cite web |last=Kovacs |first=Eduard |date=2025-01-16 |title=Data From 15,000 Fortinet Firewalls Leaked by Hackers |url=https://www.securityweek.com/data-from-15000-fortinet-firewalls-leaked-by-hackers/ |access-date=2025-02-24 |website=SecurityWeek |language=en-US}} The data is believed to have been obtained from devices vulnerable to a 2022 exploit (CVE-2022–40684).{{Cite web |title=Hackers leak configs and VPN credentials for 15,000 FortiGate devices |url=https://www.bleepingcomputer.com/news/security/hackers-leak-configs-and-vpn-credentials-for-15-000-fortigate-devices/ |last=Abrams |first=Lawrence |date=2025-01-15 |access-date=2025-01-21 |website=Bleeping Computer}}
=Accomplishments in cybersecurity=
In 2005, Fortinet created the FortiGuard Labs internal security research team.{{cite web|url=http://searchsecurity.techtarget.com/feature/Comparing-the-best-NGFWs-on-the-market|title=Comparing the best NGFWs on the market|website=SearchSecurity|access-date=July 15, 2016}}
By 2014, Fortinet had four research and development centers in Asia, as well as others in the US, Canada and France.{{cite news|url=https://www.zdnet.com/article/fortinet-establishes-r-d-lab-in-singapore/|title=Fortinet establishes R&D lab in Singapore|last=Yu|first=Eileen|date=August 27, 2014}}
In March 2014, Fortinet founded the Cyber Threat Alliance (CTA) with Palo Alto Networks in order to share security threat data across vendors.{{cite web|url=http://www.santacruzsentinel.com/technology/20160321/battling-ransomware-a-priority-for-cybersecurity-company|title=Battling ransomware a priority for cybersecurity company|date=2016-03-21|website=Santa Cruz Sentinel|access-date=2018-12-20}} It was later joined by McAfee and Symantec.{{cite news|url=https://www.pcmag.com/article2/0,2817,2476732,00.asp|title=Obama Wants Tech Firms to Alert Feds to Cyber Threats|last=Albanesius|first=Chloe|access-date=March 13, 2015}} In 2015, the CTA published a white paper on the CryptoWall ransomware, which detailed how attackers obtained $325 million through ransoms paid by victims to regain access to their files.{{cite web|url=https://www.sdxcentral.com/articles/news/cisco-mcafee-say-security-vendors-must-share-threat-intel-beat-baddies/2017/12/|title=Why Cisco, McAfee Say Security Vendors Must Share Threat Intel to|date=19 December 2017|access-date=2019-01-14}}
In April 2015, Fortinet provided threat intelligence to Interpol in order to help apprehend the ringleader of several online scams based in Nigeria. The scams, which resulted in compromise of business emails and CEO fraud, had cost one business over $15 million.{{cite news|url=http://fortune.com/2016/08/01/interpol-nigeria-scam-kingpin/?iid=sr-link1|title=Exclusive: Kingpin Behind Suspected $60 Million Online Scams Nabbed|work=Fortune|access-date=2018-12-10|language=en}} The following year, in March 2016, Fortinet and Cisco joined NATO in a data-sharing agreement to improve their information security capabilities.{{cite news|url=https://www.theregister.co.uk/2016/03/01/cisco_fortinet_cosy_up_to_nato_for_infosharing/|title=Cisco, Fortinet cosy up to NATO for infosharing|access-date=2018-12-10}}
Fortinet researchers discovered a spyware that scammed victims by impersonating the IRS.{{cite news|url=https://www.scmagazine.com/sc-exclusive-spyware-disguises-itself-as-irs-tax-notification/article/650456/|title=SC Exclusive: Spyware disguises itself as IRS tax notification|last1=Barth|first1=Bradley|date=April 13, 2017|work=SC Media|access-date=July 10, 2017|archive-date=April 15, 2017|archive-url=https://web.archive.org/web/20170415164436/https://www.scmagazine.com/sc-exclusive-spyware-disguises-itself-as-irs-tax-notification/article/650456/|url-status=dead}} Also in 2017, researchers helped identify malware, called Rootnik, and ransomware, called MacRansom, that targeted Android and MacOS systems respectively.{{cite news|url=http://www.newsweek.com/mac-malware-ransomware-hack-mac-os-target-vulnerability-624664|title=New Ransomware and Malware Attack on Macs, Macos Allows Hackers to Pay to Use|last1=Dellinger|first1=AJ|date=June 12, 2017|work=Newsweek|access-date=July 10, 2017}}
Controversies
In April 2005, a German court issued a preliminary injunction against Fortinet's UK subsidiary in relation to source code for its GPL-licensed elements.{{cite news |last=Galli |first=Peter |date=May 14, 2005 |title=Fortinet Under Fire for Allegedly Violating GPL Terms |url=http://www.eweek.com/c/a/Linux-and-Open-Source/Fortinet-Under-Fire-for-Allegedly-Violating-GPL-Terms#sthash.iNzBlixL.dpuf |access-date=March 11, 2015 |newspaper=eWeek}}{{cite news |last=Marson |first=Ingrid |date=April 14, 2005 |title=Fortinet accused of GPL violation |url=https://www.zdnet.com/article/fortinet-accused-of-gpl-violation/ |access-date=March 11, 2015 |publisher=ZDNet}} The dispute ended a month later after Fortinet agreed to make the source code available upon request.{{cite news |last=Marson |first=Ingrid |date=April 26, 2005 |title=Fortinet settles GPL violation suit |url=http://news.cnet.com/Fortinet-settles-GPL-violation-suit/2100-7344_3-5684880.html |access-date=March 11, 2015 |publisher=CNET}}
In September 2019, Fortinet settled a whistleblower lawsuit regarding what the company has described as an "isolated incident" of sales of intentionally mislabeled Chinese-made equipment to U.S. government end users.{{cite web |last1=Townsend |first1=Kevin |date=17 April 2019 |title=Fortinet Settles Whistleblower Case for $545,000 |url=https://www.securityweek.com/fortinet-settles-whistleblower-case-545000 |access-date=11 September 2019 |website=Securityweek}}{{cite web |last1=Stone |first1=Jeff |date=16 April 2019 |title=Fortinet settles charges of selling intentionally mislabeled Chinese-made tech to U.S. military |url=https://www.cyberscoop.com/fortinet-legal-settlement-china-us-military/ |access-date=11 September 2019 |website=Cyberscoop}}
In 2023, Fortinet Fortiguard devices were revealed by Microsoft and members of the Five Eyes intelligence network to be the subject of a wide-ranging and ongoing cyberattack by a state-sponsored entity in China.{{cite web |last=Goodin |first=Dan |date=24 May 2023 |title=Chinese state hackers infect critical infrastructure throughout the US and Guam |url=https://arstechnica.com/information-technology/2023/05/chinese-state-hackers-infect-critical-infrastructure-throughout-the-us-and-guam/ |website=Ars Technica}}
In September 2024, reports surfaced of an unknown person going by the nickname "Fortibitch" posting to an unnamed "hacking forum" that they allegedly stole 440 gigabytes of data from Fortinet's Microsoft SharePoint server.{{cite web |last=Abrams |first=Lawrence |date=2024-09-12 |title=Fortinet confirms data breach after hacker claims to steal 440GB of files |url=https://www.bleepingcomputer.com/news/security/fortinet-confirms-data-breach-after-hacker-claims-to-steal-440gb-of-files/ |access-date=14 September 2024 |website=BleepingComputer |language=en-us}}{{Cite web |last=Alspach |first=Kyle |title=Fortinet: Breach Of Cloud Environment Impacts 'Small Number' Of Customers |url=https://www.crn.com/news/security/2024/fortinet-breach-of-cloud-environment-impacts-small-number-of-customers |access-date=2025-02-24 |website=www.crn.com}} Fortinet confirmed the data breach to Bleeping Computer and said that the data breach included "limited data related to a small number of Fortinet customers".
References
{{Reflist}}
Further reading
- {{cite book
| author1 = Martín H. Hoz Salvador
| author2 = Ken McAlpine
| author3 = Rick Basile
| author4 = Bruce Matsugu
| author5 = Josh More
| title = UTM Security with Fortinet: Mastering FortiOS
| url = https://books.google.com/books?id=DNp-MAEACAAJ
| date = November 27, 2012
| publisher = Syngress
| isbn = 978-1-59749-747-3}}
External links
{{Commonscat}}
- {{Official website|https://www.fortinet.com}}
{{Finance links
| name = Fortinet, Inc.
| symbol = FTNT
| sec_cik = 1262039
| google = FTNT:NASDAQ
| yahoo = FTNT
| bloomberg = FTNT:US
| reuters = FTNT.OQ
}}
{{Antivirus software}}
{{NASDAQ-100}}
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