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Share Name | Share Symbol | Market | Type |
---|---|---|---|
CYREN Ltd | NASDAQ:CYRN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.2182 | 0.21 | 0.2146 | 0 | 01:00:00 |
MCLEAN, Virginia, May 22, 2013 /PRNewswire/ --
In March 2013, pump and dump spam struck back with a force not seen since 2008. It attempts to lure email recipients into buying cheap stock with a low trading volume which the spammers previously bought at a low price. Once enough users have bought shares and the stock price has risen, the spammers sell - resulting in gains for them and losses for other buyers. In the case of a typical pump and dump campaign launched on April 19, the spammers bought the shares for as low as $0.22 and then sold them for as high as $0.40, causing the stock to plummet to $0.20. In this way, the spammers gained more than 80 percent while the victims lost up to 50 percent (estimates based on analyses of the stock during the campaign).
(Logo: http://photos.prnewswire.com/prnh/20120501/529254 )
(Photo: http://photos.prnewswire.com/prnh/20130522/614114-INFO )
Each month beginning in May 2013, the research team of Commtouch® (NASDAQ: CTCH), a leading provider of Internet security technology and cloud-based services, presents the "Commtouch Security Number of the Month" - a number representing and illustrating a current issue or trend in email security.
See the attached Commtouch illustration that depicts the pump and dump spam process.
About Commtouch
Commtouch® (NASDAQ: CTCH) is a leading provider of Internet security technology and cloud-based services for vendors and service providers, increasing the value and profitability of our customers' solutions by protecting billions of Internet transactions on a daily basis. With 12 global data centers and award-winning, patented technology, Commtouch's email, Web, and antivirus capabilities easily integrate into our customers' products and solutions, keeping safe more than 350 million end users. To learn more, visit http://www.commtouch.com.
Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by Commtouch. All other trademarks are the property of their respective owners.
Company Contact:
Brian Briggs, Chief Financial Officer
Commtouch
+1-703-760-3444
brian.briggs@commtouch.com
Israel Investor Relations Contact:
Iris Lubitch
EffectiveIR
+972-54-2528007
iris@EffectiveIR.co.il
U.S. Investor Contact:
Monica Gould
The Blueshirt Group
+1-212-871-3927
monica@blueshirtgroup.com
Commtouch Media Contact:
Matthew Zintel
Zintel Public Relations
+1-281-444-1590
matthew.zintel@zintelpr.com
SOURCE Commtouch
Copyright 2013 PR Newswire
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