My guest on the show today is Phil Richards, CFO of Corero Network Security plc (AIM: CNS). Corero Network Security is a leading provider of distributed denial of service (DDoS) protection solutions, specializing in automatic detection and protection solutions that includes network visibility, analytics, and reporting tools. Corero's technology provides scalable protection capabilities against both external DDoS attackers and internal DDoS threats, in even the most complex edge and subscriber e...
My guest on the show today is Phil Richards, CFO of Corero Network Security plc (AIM: CNS). Corero Network Security is a leading provider of distributed denial of service (DDoS) protection solutions, specializing in automatic detection and protection solutions that includes network visibility, analytics, and reporting tools. Corero's technology provides scalable protection capabilities against both external DDoS attackers and internal DDoS threats, in even the most complex edge and subscriber environments, ensuring internet service availability and uptime.
According to Corero's annual DDoS Threat Intelligence Report they recently published, there has been a 300% increase in carpet bomb attacks in 2022 compared to 2021, over seven times as many Mirai-like DDoS attacks in 2022 than in 2021 and twice as many DDoS attacks targeting DNS (Domain Name System) services in 2022 than in 2020. Needless to say, the need for cyber security solutions is on the rise, and I wanted to better understand how Corero is addressing these industry tailwinds, as well as:
- How Corero's DDoS protection solutions are unique and different compared to their peers
- Nature of their partnerships with firms like Juniper Networks, which owns 9.9% of Corero
- From a corporate perspective, being a publicly-traded MicroCap on the AIM exchange
- Recent financial performance and executive management shake-up; and,
- Corero's 3-5 year vision for the company and the inflection points that will get them there
With that, please enjoy my conversation with Phil Richards, CFO of Corero Network Security. For more information about Corero, please visit: https://www.corero.com/
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