Yet Proofpoint Inc, a $1.6 billion market cap email security company, is catching the eye of fund managers by gaining share in a market that many investors have left for dead. Twenty-six small-cap funds added Proofpoint to their portfolios over the last quarter, a nearly 15 percent increase from the quarter before, Morningstar data show. About 95 percent of targeted attacks begin with so-called phishing attempts - bogus emails designed to trick users into entering their log-in information or other sensitive data, according to a 2013 report by Verizon Communications Inc on data breaches. At the same time, the dominant providers of security software have made missteps that allowed Proofpoint to gain market share, analysts say.
via Tech News Headlines - Yahoo News http://ift.tt/1mdRji7
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