Cyren Redefines Corporate Email Security for Every Microsoft 365 Inbox

New cloud service provides continuous protection and remediation from sophisticated phishing threats that penetrate existing safeguards

MCLEAN, VA / ACCESSWIRE / April 29, 2020 / Cyren (NASDAQ:CYRN) a leader in cloud security, announced today the launch of Cyren Inbox Security to address the escalating business risk caused by evasive phishing, BEC (business email compromise) and other email-borne threats faced by enterprises using Microsoft 365. Cyren Inbox Security is a supplementary email security solution that fully integrates within Microsoft 365 (formerly Office 365), and is the first service to combine continuous email monitoring and threat detection with automated response and remediation for every inbox in an organization. Cyren Inbox Security is also the first offering to provide an automated framework for crowdsourced threat detection and intelligence directly from users.

With this new cloud service, Cyren addresses the growing problem of sophisticated and evasive phishing threats that avoid detection by existing perimeter-based secure email gateways and reach their destination - employee inboxes.

Microsoft recently reported a 21% increase in commercial seats of Microsoft 365, and that monthly active users surpassed the 200 million mark during their first 2020 fiscal quarter. Gartner predicts that by 2021, up to 70% of enterprises will be using Microsoft's cloud email services. The rapid, widespread adoption of Microsoft 365 has created a new cyberattack surface and an attractive hunting ground for phishing and BEC predators. With recent government mandated work from home requirements, remote users now have no direct face-to-face communication with co-workers, which puts organizations further at risk to phishing attacks.

As cloud mailboxes proliferate, so does the need to protect them and it is clear that traditional email security solutions still leave users at risk. Verizon's 2019 Data Breach Investigations Report found that 32% of enterprise data breaches involved phishing, and 56% of breaches took months or longer to discover. Cybercriminals are increasingly targeting company executives, and BEC victims experience a greater financial loss than data breaches. An April 2020 FBI Public Service Announcement reported that over a 5-year period, their Crime Complaint Center received complaints from US businesses totaling more than $2.1 billion in actual (unrecovered) losses from BEC. The Department of Homeland Security, Federal Trade Commission and Centers for Disease Control have all recently issued warnings about COVID-19 related coronavirus themed phishing emails.

"Current secure email gateways only have one chance to detect a threat before the email is delivered to an inbox, and that's no longer enough," explains Lior Kohavi, Cyren Chief Strategy Office and EVP Advanced Solutions. "By contrast, Cyren Inbox Security continuously monitors a user's inbox, which is the key to detecting sophisticated and evasive attacks and then providing automated response and remediation. The result is an easy and effective way to strengthen email protection beyond what is provided by legacy secure email gateways," concludes Kohavi.

Cyren Inbox Security is a fully API-based service that provides frictionless onboarding and a native Microsoft 365 experience, and takes only minutes to deploy. Early adopters of Cyren's Inbox Security report a number of benefits realized by their organizations, including:

  • Significant reduction in time to respond and remediate email-borne phishing attacks
  • Reduced cost of response and remediation
  • Tighter corporate email security that preserves investment in existing secure email gateways
  • Higher employee engagement and cybersecurity awareness, without distracting from productivity
  • Better utilization of SOC skills and resources through automation

Cyren Inbox Security is commercially available as a monthly subscription service. For further information, please visit our website at https://www.cyren.com/cyren-inbox-security.

About Cyren:

More than 1.3 billion users around the world rely on Cyren's cloud security solutions to protect them against cyber-attacks and data loss every day. Powered by the world's largest security cloud, Cyren (NASDAQ: CYRN) delivers fast time-to-protection with embedded threat detection, threat intelligence and email security solutions. Learn more at www.cyren.com.

Blog: http://blog.cyren.com
Facebook: www.facebook.com/CyrenWeb
LinkedIn: www.linkedin.com/company/cyren
Twitter: www.twitter.com/CyrenInc

Company Contact
Mike Myshrall, CFO
Cyren

+1.703.760.3320
mike.myshrall@cyren.com

SOURCE: Cyren Ltd via EQS Newswire



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