Armorblox Launches Protection Against Organizations’ Biggest Threats: Supplier Compromise and Supply Chain Attacks | Company
SUNNYVALE, Calif.–(BUSINESS WIRE)–Nov. 3, 2022–
Armorblox today announced the addition of Armorblox Vendor and Supply Chain Attack Protection to the company’s cloud-delivered email security platform to protect organizations against the biggest challenge in the threat landscape. Today: Supplier Email Compromise and Related Supply Chain Attacks.
As companies invest in more tools to defend against cyber threats of all kinds, hackers are staying ahead by exploiting the trust relationship between vendors and customers. With the addition of vendor and supply chain attack protection to its messaging security platform, Armorblox takes the guesswork out for organizations of all sizes regarding secure vendor and third-party communications in Microsoft Office 365, Microsoft Exchange and Google Workspace environments. Armorblox NLU-based analytics and organization-specific custom models continuously monitor and assess the risk of over 50,000 suppliers, proactively stopping supplier fraud attempts and supply chain attacks and further aligning with the company’s mission to help organizations communicate without compromise.
Email financial fraud attacks are more likely to evade legacy email security solutions due to their increased sophistication. According to 2022 Armorblox Email Security Threat Report, 2 out of 5 (44%)financial fraud attempts occurred in the form of wire fraud, invoice fraud, or vendor email fraud. Armorblox Supplier and Supply Chain Attack Protection provides the layer of defense organizations need to secure their user and business data and protect the business and employees from sophisticated attacks and targeted such as financial fraud, similar domains, or hijacking of payment-related email threads. .
“Attackers are targeting suppliers because it has proven to be an effective and lucrative way to launch supply chain attacks; one compromised vendor can result in hundreds or thousands of casualties at once,” said DJ Sampath, co-founder and CEO of Armorblox. “Effective mitigation requires an email security solution with custom templates that understand each organization’s unique attack surface, rather than a one-size-fits-all approach from legacy solutions.”
Customers benefit from Armorblox’s supplier and supply chain attack protection in several ways, including:
- Improved detection: Protect against vendor fraud attempts and supply chain attacks against the organization, such as invoice fraud, similar domains, or hijacking of payment-related email threads.
- Continuous Monitoring: Immediate protection against compromised accounts with 24/7 monitoring and risk analysis of over 50,000 vendors.
- Enhanced Security Posture: Prevent the loss of money, sensitive credentials, or confidential data via email with continuous risk assessment of vendors and third-party contacts, based on behavioral patterns.
Armorblox secures business communications over email and other cloud desktop applications through the power of natural language understanding. The Armorblox platform connects through APIs and analyzes thousands of signals to understand the communications context and protect people and data from compromise. More than 58,000 organizations use Armorblox to stop BEC attacks and targeted phishing attacks, protect sensitive PII and PCI, and automate remediation of user-reported email threats. Armorblox has been featured in the Gartner 2021 Market Guide for Email Security and the Gartner 2022 Market Guide for Data Loss Prevention. Founded in 2017, Armorblox is headquartered in Sunnyvale, Calif., and is backed by General Catalyst and Next47.
To learn more about Armorblox, visit www.armorblox.com.
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KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SOFTWARE SUPPLY CHAIN MANAGEMENT NETWORKING PROFESSIONAL SERVICES INTERNET PAYMENT TECHNOLOGY SMALL BUSINESS SECURITY ONLINE PRIVACY RETAIL TRANSPORTATION LOGISTICS/SUPPLY CHAIN MANAGEMENT
Copyright BusinessWire 2022.
PUBLISHED: 11/03/2022 09:00/DISC: 11/03/2022 09:02
Copyright BusinessWire 2022.