NEW YORK, April 8, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Cognyte Software Ltd. (“Cognyte” or the “Company”) CGNT. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Cognyte and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On December 16, 2021, Meta Platforms, Inc. (“Meta”), the parent company of Facebook and Instagram, released a “threat report” that revealed the results of its “month-long” investigation into “surveillance for the -hire industry” and revealed the first Times that Cognyte (along with six private companies) regularly, without their knowledge, targeted and gathered information on journalists, dissidents, critics of authoritarian regimes, opposition families and human rights activists around the world by manipulating them to disclose information and /or compromise their devices and accounts, in violation of Facebook’s “multiple community standards and terms of service”.In particular, the Threat Report revealed that Cognyte “sells access to its platform, which allows fake accounts to be created via social media Platforms such as Facebook, Instagram, Twitter, YouTube and VKontakte (VK) and other sites to social engineer people to manage and collect data.” This behavior “violated several community standards and terms of service” and “given the seriousness of their violations” prevented Meta Cognyte from using its platforms (about 100 accounts on Facebook and Instagram were removed), sharing its findings with security researchers and other platforms and policymakers issued cease and desist warnings and alerted the nearly 50,000 people (in 100 countries) believed to be under attack to help them tighten the security of their accounts.

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