Mimecast Names David Raissipour as Chief Technology & Product Officer

A deep library of API and third-party integrations is the third component of the team sport approach. For a simplified example, envision the various components of a high-octane NFL offense built around an elite quarterback. If his offensive line can’t protect him in the pocket, he won’t have enough time to work through his reads and find the open receiver.

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Embracing a team sport philosophy unlocks strength in numbers through universal alignment across the hybrid attack surface, paving clear pathways to a stronger security posture that enables organizations to work protected. The firm also provides anti virus protection services including malware, spyware, intrusions, unwanted applications, spam and policy abuse. Once the risk profile is established, construct a robust security architecture that addresses its exposures based on its level of quantifiable risk. This maximizes protection around key areas of the business to avoid costly disruptions and operational downtime.

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By the time you finish reading this article, it’s likely that someone within your organization will have been targeted by a social engineering attack. The average cost of a data breach ballooned to a record-high $9.4 million in 2022, but the ripple effects of a single successful attack often linger long after operations are restored. A cyber incident exposing sensitive customer data, for example, can significantly diminish a brand’s reputation years into the future, potentially resulting in steep declines in YoY revenue. More than 60% of consumers said they would lose trust in their favorite brand if it disclosed personal information to a spoofed version of its website. Furthermore, according to the same report, 57% would stop spending money on their favorite brand altogether after falling victim to an impersonation attack of that brand. With more unstructured data to protect and compliance regulations to meet, organizations cannot afford friction or anomalies when it comes to data governance.

Taking Proactive Steps To Mitigate The Global Ransomware Pandemic

This heightens the importance of adopting reliable email and collaboration security solutions that surround business communication channels with continuous protections and real-time detection and response capabilities. The products must be scalable to fit the evolving needs of the organization, as well as fully functional with other security tools and third-party integrations to promote actionable threat intelligence sharing and data-driven decisioning. Companies can’t afford a poor security posture that places their wider business ecosystem employees, customers, partners, investor—and supply distributors alike—in the crosshairs of attacks or stringent regulatory penalties.

• By the time you finish reading this article, it’s likely that someone within your organization will have been targeted by a social engineering attack.
• Keep these recommendations in mind when approaching the C-suite and board regarding matters of cybersecurity.
• According to the report, the average total cost of a data breach hit a record-high $4.3 million in 2022, a 13% year-over-year increase from 2020.
• Amid this global pandemic, a holistic framework that prioritizes the security of business communications, people and data can be an effective mitigation strategy.
• Each time a new solution is added to the stack, an analyst must learn how to deploy, configure and maintain it on the fly with minimal time to immerse themselves in the intricacies of the technology.

It’s a reactionary response to the acceleration of cyber threats amidst rapid digital transformation that, while well-intended, has created a massive tool sprawl problem across industries. On average, companies deploy between 60 and 80 tools in their portfolio, with some leveraging as many as 140. In an evolving threat environment where adversaries seemingly grow more dangerous by the day, cyber risk is no longer just an IT problem—it’s a critical vulnerability that directly influences the health of the collective enterprise. A successful cyberattack can lead to damaging ramifications that are too severe to overlook amid high levels of economic volatility and geopolitical tension across the globe. Most recently Raissipour served as the senior vice president, Sophos Cloud Platform Group & Sophos Messaging Security Group at Sophos.

Key findings from Mimecast’s 2022 State of Email Security Report illustrate the severity of the situation at hand. According to the report, which commissioned an independent survey of more than 1,400 global cybersecurity professionals across 12 sectors, approximately 75% of companies were struck by a ransomware attack in 2021, representing a nearly 15% increase from 2020. Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation.

• During conversations with corporate leadership, avoid technical jargon while demystifying the immediate and long-term risk that cyber threats pose to the organization. The report also revealed a direct correlation between ransomware and email as its primary attack vector. More than 70% of respondents said the frequency of email-related threats increased over the previous 12 months. The global cost of ransomware is expected to reach $231 billion by 2031, and with cybercrime growing more sophisticated, david raissipour motivated and well-funded by the day, no enterprise nor industry is immune from its evolving variants. Remember when former CISA Director Christopher Krebs first proposed the concept of a ransomware pandemic during his U.S. congressional subcommittee hearing back in May 2021? Now, 16 months later, ransomware’s meteoric rise across the cyber threat landscape is as prevalent as it ever was, spearheaded by bad actors continuing to deploy email-borne attacks at an unprecedented scale.

As a result of such risks, uncertainties and factors, Mimecast’s actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. Mimecast is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Now more than ever, cyber risk is a fundamental business risk for the modern enterprise, and it’s imperative to design security architectures accordingly.

If they use multiple collaboration channels with different log-in credentials, tech stacks must have AI-enabled security tools that can correlate different personas with the same identity, as well as automate the analysis of user behavior for risk mitigation. In addition, threat actors have enhanced their ability to steal data through the proliferation of social engineering attacks, shifting their focus from targeting the larger enterprise network itself to capitalizing on the vulnerable behaviors of the individual employee. By leveraging democratized and crowdsourced toolkits that apply machine learning modules to perform automated impersonation attacks via email, they can now deploy ransomware on an exceedingly broader scale.