News Summary

Fortinet, one of the world’s largest cybersecurity companies, has its global R&D campus, FortiGuard Labs, based in Burnaby, British Columbia. Despite being headquartered in Sunnyvale, California, Fortinet’s Canadian ties are strong, with co-founder and CTO Michael Xie having formative years in Canada and the first product prototype developed in Burnaby. The Burnaby campus plays a critical role in Fortinet’s global operations, housing major threat research labs and leveraging Canada’s cooler climate for sustainable operations. Fortinet’s network processes more than one trillion security events daily, highlighting the growing threat of cybercrime. Canada is noted as the third highest target for cyberattacks globally, with critical sectors like manufacturing, healthcare, and financial services facing increased threats. Fortinet emphasizes the importance of AI in managing these threats, while also advocating for greater public awareness and vigilance in cybersecurity practices.