Public Relations

Phishing Email Solution “IRONSCALES” Awarded by Cyber Defense Magazine and Info Security Products Guide

March 17, 2020
Asgent, Inc.
(JASDAQ: 4288)

  Asgent, Inc. (JASDAQ: 4288, President & CEO: Takahiro Sugimoto, located in Chuo-ku, Tokyo), a pioneer in network security, announces that the anti-phishing email solution “IRONSCALES” distributed by Asgent has been awarded by Cyber Defense Magazine and Info Security Products Guide.

[Importance of Anti-Phishing Email Measures]
  Damage from phishing emails including “Business Email Compromise (BEC)”, in which an attacker poses as a business contact or corporate management in email to convince them to transfer funds is growing rapidly. In the “Top 10 Info Security Threats of 2020” ¹ published by IPA, the top threat to organizational security is “leakage of confidential information by targeted attack”, and so-called phishing email in which users “click on a link or open an attachment” is given as an attack method. Also, the number 3 threat is “financial damage by business email compromise”. In addition, in a report from the United States Federal Bureau of Investigation (FBI), the global impact of BEC worldwide from June 2016 to July 2019 surpassed 26 billion USD².
  Sophisticated phishing emails cannot be detected by antispam products even in large organizations considered to be implementing security measures, and will slip past these defenses and reach the hands of employees. Because the content of the emails is customized to suit the individuals’ situation, it is difficult for the recipient to detect just by paying attention, and the phishing email along with risk remain in the employees’ mailbox without anyone noticing. In addition, there is a large difference in security awareness between individuals, and so when phishing emails reach multiple people in the organization, even if someone reports them to the administrator, it is difficult and time consuming to definitely delete similar phishing emails from all mailboxes. This is why SOAR tools that automate incident detection through analysis and response are being demanded.

[IRONSCALES]
  IRONSCALES is a SOAR tool that uniformly detects, analyzes and provides response to phishing emails. Using machine learning, it provides not only the ability to detect impersonated emails that are advanced according to the individual, but has functionality to share phishing email information internally and quarantine them from mailboxes, making phishing email security simple and seamless for both security administrators and employees (mail recipients). Also, there is a mobile application for iOS and Android, making it possible for the security administrator to access the IRONSCALES dashboard (management screen) when out of the office and handle attacks with one click, reducing the amount of time required to respond to phishing email incidents.

[Awards Received]
The received awards are as follows:
Cyber Defense Magazine³
- Artificial Intelligence and Machine Learning Division  Most Innovative Awards
Info Security Products Guide⁴
- Artificial Intelligence (AI) in Security Division  GOLD Winner
- Incident Analysis & Response Solution Division  GOLD Winner

  Gary S. Miliefsky, Publisher of Cyber Defense Magazine, made the following comment on the awards. “IRONSCALES embodies three major features the judges look for to become winners: understanding tomorrow’s threats, today, providing a cost-effective solution and innovating in unexpected ways that can help stop the next breach.”
  “IRONSCALES philosophy has always been that in order to make a dent in what has become the global phishing epidemic, real-time human intelligence combined with technology that leverages artificial intelligence and machine learning is required to protect against the rapid scale of new phishing attacks,” said Eyal Benishti, IRONSCALES founder and CEO. “Our team has worked tirelessly to build an email security platform that is both seamless to use yet incredibly powerful and effective. I thank the judges for recognizing our intuition and technological achievements, our thousands of customers for believing in our product and of course our dedicated team for pushing the limits to build the anti-phishing solution of tomorrow, today.”

Asgent will continue to work with IRONSCALES to develop solutions to prevent information leaks by phishing attacks.”


IRONSCALES Press Release
https://www.prweb.com/releases/ironscales_wins_multiple_awards_for_artificial_intellig ence_incident_response_in_email_security/prweb16951769.htm

1 IPA “Top 10 Info Security Threats in 2020”
https://www.ipa.go.jp/security/vuln/10threats2020.html
https://www.ipa.go.jp/files/000080871.pdf
2 FBI Internet Crime Complaint Center（IC3）
Business Email Compromise the $26 Billion Scam (Alert Number I-091019-PSA)
https://www.ic3.gov/media/2019/190910.aspx
3 Cyber Defense Magazine Awards
https://cyberdefenseawards.com/infosec-awards-for-2020-winners/
4 Info Security Products Guide Awards
https://infosecurityproductsguide.com/winners/2020-winners/

*Company and product names are the trademarks or registered trademark of the respective companies.