//free\\ | Globalscape+fraud

The most significant instance of fraud associated with Globalscape is not a cyberattack, but an internal corporate fraud committed by its own leadership. This scandal fundamentally altered the company's trajectory and reputation.

The fraud forced Globalscape to restate its financial results for the first three quarters of 2019. The company admitted that it had overstated revenue by approximately and understated its net loss. This represented a significant portion of the company's reported revenue for those periods. globalscape+fraud

Because of this abuse, Globalscape/Fortra has issued public warnings stating that: The most significant instance of fraud associated with

The fallout was severe: