cyren
As previously suspected and expected, internet security company Cyren will be liquidating.From their recent 8-Q filing: “Following the Company’s unsuccessful efforts to sell its assets or raise more capital to continue its operations, on February 20, 2023, the board of directors of Cyren Ltd. (the “Company”) reached the conclusion that the Company is insolvent and lacks the funds to continue as a going concern. Accordingly, the Company’s board of directors resolved to cease all activities of the Company and its subsidiaries, terminate the employment of all remaining employees of the Company and its subsidiaries, apply for liquidation procedures of the Company in Israel by appointment of a third-party trustee, in accordance with applicable law, and commence applicable liquidation, assignment and/or insolvency proceedings for each of the subsidiaries of the Company.”MailChannels, Spamhaus and others are offering replacement service to those affected by the pending collapse of Cyren’s services. I talked about
Multiple folks are warning that internet security company Cyren is on the verge of shutting down. The company itself has not exactly said this, but reading between the lines, it seems inevitable; just about all staff laid off, and smart industry folks warning that while servers are up for now, if something were to break, there’s probably nobody left on the payroll to fix it. Cyren is broadly used for spam/content filtering and if your company or mailbox provider utilizes Cyren for inbound spam/security filtering of email, they’re probably scrambling to find an alternate solution. Indeed, one mailbox provider I’ve talked to today is in this exact position, seeing how quickly they can migrate away from the use of Cyren services. Threat intelligence and spam filtering requires that filter rules and fingerprints be updated automatically and periodically, both to capture new threats and address potential false positives. Assuming that there’s nobody