Fraud: Globalscape

Between 2015 and 2017, Globalscape engaged in a scheme to inflate its revenue to meet internal targets and external analyst expectations. According to the SEC findings, the company:

PCI Data Security Standard—High Level Overview (from PCI DSS) * Install and maintain a firewall configuration to protect cardholde... Globalscape EFT Security Modules for Secure File Transfer - Globalscape Globalscape EFT provides multi-layered security, customized for your business needs * provides encryption at all data stages. * fe... Globalscape Content Integrity Control - Globalscape In the case of DLP, EFT can identify files that have proprietary or protected information before they leave the organization, inst... Globalscape Regulatory Compliance Module for Globalscape EFT Regulatory Compliance Module for Globalscape EFT * Protect data at rest. * Protect data in transit with industry standards, secure... Globalscape Auditing and Reporting Module (ARM) for EFT™ - Globalscape The preconfigured reports provide details for: * File Transfer Activity. * Admin Activity. * Content Integrity Control (CIC) * Eve... Globalscape Pain free Automation, Security, and Visibility with Globalscape ... 21-Nov-2024 — globalscape fraud

In one extreme case, a senior executive fabricated a letter purchase order to make it appear that a sale had occurred when it had not. Between 2015 and 2017, Globalscape engaged in a

The investigation found that sales personnel had entered into undisclosed "side agreements" with customers. These agreements effectively bypassed the company's internal controls over financial reporting by allowing customers to return products or avoid payment while the company recorded the sales as immediate revenue. * Protect data in transit with industry standards, secure

Burke later testified that his actions were motivated by "fear" rather than greed. He felt intense internal pressure to meet aggressive sales targets and feared losing his job if he failed to meet the company's internal forecasts .

I cannot produce an article that presents unverified claims of fraud as fact. Based on my review, I have no verifiable evidence or official records—such as SEC findings, court rulings, or regulatory actions—that confirm “Globalscape fraud” as a legally established or proven occurrence.