Press release

Verint Provides Details on Successful Mitigation of Last Week’s Ransomware Attack

Sponsored by Businesswire

Verint® Systems
 (Nasdaq: VRNT) a global provider of Actionable Intelligence®
solutions, announced today that on April 16th the company
experienced a ransomware attack. Verint quickly identified and
remediated the attack, and fully restored Verint’s IT services in less
than 24 hours without any impact to customers or partners.

These kinds of attacks have been common by groups attacking
organizations to benefit financially from ransom. Verint was able to
quickly and successfully mitigate the attack without paying any ransom.

Verint’s success in mitigating the attack quickly is partly attributed
to leveraging its own data mining software designed to accelerate
malware investigation. Verint’s Threat Protection System (TPS) pointed
to lateral movement trails and attempts to connect to command and
control servers. Using the deep forensic data automatically generated by
Verint TPS from both network and endpoints, the SOC (Security Operations
Center) analysts uncovered the attack storyline and leveraged real-time
information to quickly contain the attack.

“Consistent with best practices and as a cautionary matter, Verint
continues to proactively monitor its operations, as well as all customer
facing software and infrastructure, and no new occurrences of the
ransomware have been detected since April 16th,” said Peter
Fante, Verint CAO.

About Verint Systems Inc.

Verint® (Nasdaq: VRNT) is a global leader in Actionable
Intelligence® solutions with a focus on customer engagement
optimization, security intelligence, and fraud, risk and compliance.
Today, over 10,000 organizations in more than 180 countries—including
over 85 percent of the Fortune 100—count on intelligence from Verint
solutions to make more informed, effective and timely decisions. Learn
more about how we’re creating A Smarter World with Actionable
Intelligence® at

This press release contains “forward-looking statements,” including
statements regarding expectations, predictions, views, opportunities,
plans, strategies, beliefs, and statements of similar effect relating to
Verint Systems Inc. These forward-looking statements are not guarantees
of future performance and they are based on management’s expectations
that involve a number of risks, uncertainties and assumptions, any of
which could cause actual results to differ materially from those
expressed in or implied by the forward-looking statements. For a
detailed discussion of these risk factors, see our Annual Report on Form
10-K for the fiscal year ended January 31, 2019, and other filings we
make with the SEC. The forward-looking statements contained in this
press release are made as of the date of this press release and, except
as required by law, Verint assumes no obligation to update or revise
them or to provide reasons why actual results may differ.