Darktrace hires EY to review finances after short-seller attack

Cybersecurity company defends against criticism from hedge fund Quintessential and others

Darktrace has hired EY to conduct an independent review of its finances as it tries to defend itself against a hedge fund that alleges questionable marketing, sales and accounting practices at the cybersecurity company.

The FTSE 250 company said the accountancy firm EY would provide additional independent third-party review of its key financial processes and controls", in a statement to the stock market on Monday.