ZeroFox Awarded $289M from U.S. Office of Personnel Management for Digital Identity Protection Services
04 Enero 2024 - 7:00AM
ZeroFox (Nasdaq: ZFOX), a leading provider of external
cybersecurity, has received $289 million in awards from the U.S.
Office of Personnel Management (OPM) for the continued provision of
digital identity protection services to the 22.1 million
individuals impacted by previous security incidents. ZeroFox
received a $41.3M extension to its current service through June
2024, along with a new award for $247.9M to prolong the company’s
eight-year partnership with the agency through September 30, 2028.
The partnership originated in 2015 between OPM and Identity Theft
Guard Solutions, Inc. (IDX); ZeroFox acquired IDX in August 2022.
“We’re grateful to continue our work alongside OPM, providing
millions of Americans with critical digital identity theft
protection services to protect and restore their right to privacy,”
said James C. Foster, Chairman and CEO at ZeroFox. “This renewed
commitment signifies the joint dedication between the U.S.
Government and ZeroFox in helping individuals, agencies and
enterprises affected by devastating external cyberattacks –
something that is all too common these days. Our goal is to
minimize the impact with proactive protection and give people peace
of mind.”
Consistent with prior awards, these new awards are structured as
a series of options that may be exercised by OPM over a period of
nearly five years. Since the initial award in 2015, IDX, a ZeroFox
company, has enrolled millions of individuals into digital identity
protection services, received and responded to millions of calls
from enrolled individuals, and issued hundreds of millions of
security monitoring alerts. ZeroFox has proudly maintained a 100%
success rate in restoring identities in response to enrollee
claims.
ZeroFox is a proud provider of
external cybersecurity services to the federal government, offering
protection against the full lifecycle of cyber threats, pre- and
post-breach. From detection to response, ZeroFox safeguards the
digital presence of some of the largest U.S. federal agencies and
more than a thousand enterprises around the world. To learn more
about ZeroFox’s breach notification and response capabilities,
visit https://www.zerofox.com/products/breach-notifications/.
About ZeroFoxZeroFox (Nasdaq: ZFOX), an
enterprise software-as-a-service leader in external cybersecurity,
has redefined security outside the corporate perimeter on the
internet, where businesses operate, and threat actors thrive. The
ZeroFox platform combines advanced AI analytics, digital risk and
privacy protection, full-spectrum threat intelligence, and a robust
portfolio of breach, incident and takedown response capabilities to
expose and disrupt phishing and fraud campaigns, botnet exposures,
credential theft, impersonations, data breaches, and physical
threats that target your brands, domains, people, and assets. Join
thousands of customers, including some of the largest public sector
organizations as well as finance, media, technology and retail
companies to stay ahead of adversaries and address the entire
lifecycle of external cyber risks. ZeroFox and the ZeroFox logo are
trademarks or registered trademarks of ZeroFox, Inc. and/or its
affiliates in the U.S. and other countries. Visit www.zerofox.com
for more information.
Media InquiriesMaisie Guzi,
ZeroFoxpress@zerofox.com
Investor RelationsTodd Weller,
ZeroFoxinvestor@zerofox.com
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