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How the new email security solution will work & how it will impact the security landscape.

When cybersecurity advances made hacking a more expensive illegal pursuit, would-be digital thieves switched to social engineering more and more. As long as they could get insiders to trust them, they could make off with company assets in an easier way than fighting the built-in cyber-defenses. That’s why Business Email Compromise (BEC) attacks have risen so much over the past few years.

Almost every month brings yet more news of successful BEC scams. It’s usually public institutions, like city administrations or hospitals, who get targeted by these scams the most. But businesses also make ripe targets for scammers. On average, a successful BEC scam can cost companies around $59,000 per incident, and from July 2016 to July 2019, the total losses caused by BEC scams surpassed $26 billion, according to FBI’s data.

To answer the need for extra defenses against BEC attacks, Heimdal™ Security launches MailSentry™. MailSentry™ is a cybersecurity module designed to identify and prevent email fraud. Beyond the simple protection, you can get from a spam filter, this new product will allow businesses everywhere to elude the paralysis of multiple person approvals and double-checks.

Morten Kjaersgaard, CEO Heimdal Security details:

“MailSentry™ will, at last, be able to secure the final frontier of cyberattacks: fraud which relies on human trust. Businesses can now no longer be preyed on by ruthless imposters or waste valuable time in double-checking and questioning every seemingly legitimate request. With our new MailSentry™ product, we expect to lead the market for all mail fraud technologies. From now on, you can prevent CEO fraud and business email compromise in a single blow dealt to hackers.”
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