Agari, a leading email security provider, has announced a brand new solution to help B2B companies with targeted phishing attacks by understanding the legitimate identity of email senders and detecting imposter emails.
Dubbed Email Cloud Identity, a new capability in the Agari Email Trust Platform™ that simplifies and automates the process of identifying, monitoring and managing emails sent on their behalf by third-party email senders. The new capability verifies online email identities based on insight from their machine learning engine that analyzes ten billion emails per day. This enables enterprises to easily identify and authorize legitimate email communications, block malicious senders, and protect enterprises from advanced email attacks including phishing and business email compromise (BEC).
“Cybercriminals are increasingly exploiting brand identities to defraud victims over email, which makes outbound email the number one unmanaged security risk for companies today,” said Vidur Apparao, CTO of Agari. “Organizations need to strengthen their security initiatives to extend beyond their own internal email infrastructure and include the cloud-based service providers who communicate with customers, business partners and even their own employees on their behalf.”
Targeted phishing attacks pose as a major threat to enterprise security today. The Federal Bureau of Investigation (FBI) reported that since January 2015, business email-related incidents rose by 270% and amounted to more than $2.3 billion in losses in less than two years. Further highlighting this growing problem, Verizon’s 2016 Data Breach Investigations Report found that 30% of targeted phishing attacks were opened by recipients in 2015. Agari’s patented technology, built on behavioral ‘trust models’, protects enterprises and their customers from email-based attacks such as data breaches, financial theft, malware delivery, credential theft and ransomware. In 2015, Agari successfully prevented 3.5 billion fraudulent emails from being delivered.
Agari Email Cloud Identity is available today as part of an annual subscription for Agari Customer Protect, at no additional cost.