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Darktrace boss defends UK cybersecurity firm amid short seller attacks

Darktrace boss defends UK cybersecurity firm amid short seller attacks

Embattled firm to launch £75m share buyback scheme to bolster stock price amid criticism of sales and marketingAdvice for Darktrace: don’t complain, just explainThe chief executive of Darktrace has launched a staunch defence of the embattled cybersecurity company saying it is run with the “greatest integrity”, after allegations of irregular sales, marketing and accounting practices raised by a US-based hedge fund.Poppy Gustafsson published a 1,200 word defence of the company she co-founded in 2013, aged 30, after its share price collapsed to a record low after the publication of a highly critical 70-page report by New York-based Quintessential Capital Management (QCM) on Tuesday.

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