10:31 AM EDT, 09/27/2024 (MT Newswires) -- Open Text ( OTEX ) on Friday released the results of its 2024 Threat Hunter Perspective report.

The company said the report found that the collaboration and coordination taking place between nation-states and cybercrime rings to target global supply chains and further geopolitical motives has become a signature trend in the threat landscape.

Open Text's ( OTEX ) cybersecurity business offers security solutions for companies to help manage risk.

"Our threat intelligence and experienced threat hunting team have found that nation-states are not slowing down and, as notable events like the U.S. presidential election get closer, every organization in the global supply chain needs to be on high alert for advanced and multiple cyberattacks," said Muhi Majzoub, executive vice president and chief product officer at OpenText. "Based on the report's findings, enterprises need to be prepared for large-scale attacks, making adversarial signals, threat intelligence and defense capabilities more important than ever."

Price: 44.98, Change: -0.34, Percent Change: -0.75