IRONSCALES the fastest-growing enterprise cloud email security platform serving more than 10,000 customers worldwide — is celebrating the close of a momentous 2022, marked by 58% revenue growth, multiple product advancements, recognition from leading industry analysts, and expansion of its executive leadership team. Coming on the heels of these successes, IRONSCALES, the industry’s only solution that combines artificial intelligence (AI) with human insights (HI), enters 2023 poised to gain even more ground in its ongoing battle against email-based cyber threats.
“We are thankful for our incredible partners and customers who have trusted us to protect and educate their organizations”
The company’s recent string of successes comes as the frequency, cost, and sophistication of email-based cyber threats continue to rise sharply. In the 2022 IRONSCALES Business Cost of Phishing survey, respondents revealed that IT and security teams spend as much as a third of their time each week dealing with phishing threats. 70% of organizations reported spending anywhere between 16 and 60 minutes in order to deal with a single phishing email. On average, the threat of a single phishing email takes 27.5 minutes to remediate and costs organizations USD $31.32 per message.
Market-Leading Product Innovations
In response to these mounting threats, in March of 2022, IRONSCALES announced Megalaunch, the largest product release in the company’s 14-year history, featuring enhanced account takeover (ATO) detection and remediation designed to protect organizations from these increasingly sophisticated phishing attacks.
Account takeover refers to when an attacker gains access to and control over a user’s account credentials, which are then used to execute a variety of other attacks. ATO attacks, like Business Email Compromise (BEC), have the potential to spread rapidly across an organization. One successful attack can quickly lead to additional data breaches and more compromised accounts.
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With this in mind, IRONSCALES immediately detects ATO attempts by using an array of data points and enables quick remediation by providing SOC analysts with all the information needed to prevent further spread, all of which can be achieved in minutes — saving SOC analysts significant time and energy, as cited in the survey above.
IRONSCALES’s commitment to helping organizations protect themselves from phishing attacks and other cyber threats was strengthened by the release of a free product tier, Starter™, which provides organizations with free phishing simulation and testing software. Starter drove massive adoption among organizations large and small, utilizing both Office365 and Google Workspace (GWS).
SOURCE: Businesswire