Market Overview

Verint and Taipei Fubon Bank Win a Cyber Security Award


Best Cybersecurity and IT Risk Management Initiative for 2018 Awarded
by The Asian Banker

Systems Inc.
(NASDAQ:VRNT), and Taipei Fubon Bank have been awarded The
Asian Banker Financial Technology Innovation Award for The Best
Cybersecurity and IT Risk Management Initiative for 2018.

The award was presented for the implementation of Verint's Cyber
Security solution
for the cyber security operations center (SOC)
that leverages machine learning and behavioral analytics to detect
threats across the full cyber-attack kill-chain. The system is designed
to automatically detect and investigate every alert to provide greater
visibility of cyber-threats, empower security analysts and accelerate

"To counter the incessant threat of cybercrimes, we sought a new
paradigm for cyber defense that would enable analysts to have deeper and
more accurate information for a better understanding of security
incidents," said Hsiao Min-Hu, CIO of Taipei Fubon Bank. "We strived to
become less reliant on analysts for detection and introduce more
automation into our security processes."

Fubon is one of the top Financial Services companies in Taiwan, with
major subsidiaries across East Asia. Verint's solution is deployed
across five different sites in Taiwan, Hong Kong, Vietnam and Singapore.
Through its threat detection and automation capabilities, the system
fuses an average of 2,000 daily alerts into a few manageable security
incidents. Investigation times were reduced by 80%, bringing down the
average time for a confirmed malware detection from days to a matter of

Verint's Intelligence-driven SOC is tailored to meet the needs of
governments and critical infrastructure providers, with a combination of
technology, cyber domain expertise, intelligence methodology and
professional services to streamline SOC operations. It is designed to
automate cyber investigations with Autonomous Virtual Analysts that
continuously investigate every alert and focus cyber analysts on the
critical security incidents. Verint can provide organizations with full
visibility into cyber threats and accelerate the path to remediation
with the combination of detection and forensics across networks and
endpoints, cyber threat intelligence, and a unified investigation

"Verint has delivered greater visibility and tangible improvements in
security operational efficiency, reducing the time required to address
each threat," continued Hsiao Min-Hu. "We aim to continue to build on
automated machine learning and Artificial Intelligence to accelerate
identification of cyber threats and their related movement through the

"The award is recognition of Verint's advanced artificial intelligence
technology and the tangible benefits to cyber security operations in
terms of reducing manual effort and reducing time to confirm malware
detection," says Elad Sharon, president, Verint Cyber Intelligence. "We
created a close partnership between Verint and Fubon's security team to
deliver the technology and domain expertise they need to ensure they are
protected at the highest levels."

About Verint Systems Inc.

Verint® (NASDAQ:VRNT) is a global leader in Actionable
Intelligence® solutions with a focus on customer engagement
optimization, security intelligence, and fraud, risk and compliance.
Today, over 10,000 organizations in more than 180 countries—including
over 85 percent of the Fortune 100—count on intelligence from Verint
solutions to make more informed, effective and timely decisions. Learn
more about how we're creating A Smarter World with Actionable
Intelligence® at

Verint and Taipei Fubon Bank were awarded The Best Cybersecurity and IT
Risk Management Initiative for 2018 at The Asian Banker Financial
Technology Innovation Awards ceremony held in May 2018.

This press release contains "forward-looking statements," including
statements regarding expectations, predictions, views, opportunities,
plans, strategies, beliefs, and statements of similar effect relating to
Verint Systems Inc. These forward-looking statements are not guarantees
of future performance and they are based on management's expectations
that involve a number of risks, uncertainties and assumptions, any of
which could cause actual results to differ materially from those
expressed in or implied by the forward-looking statements. For a
detailed discussion of these risk factors, see our Annual Report on Form
10-K for the fiscal year ended January 31, 2018, our Quarterly Report on
Form 10-Q for the quarter ended April 30, 2018, and other filings we
make with the SEC. The forward-looking statements contained in this
press release are made as of the date of this press release and, except
as required by law, Verint assumes no obligation to update or revise
them or to provide reasons why actual results may differ.

or registered trademarks of Verint Systems Inc. or its subsidiaries.
Other trademarks mentioned are the property of their respective owners.

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