Cyren & KnowBe4 Partner to Help Enterprises Fight Phishing and Business Email Compromise

Rhea-AI Summary

Cyren (NASDAQ:CYRN) announced a partnership with KnowBe4, integrating their security awareness training with Cyren's email security solutions. This collaboration aims to enhance defenses against phishing and Business Email Compromise (BEC), which reportedly caused over $1.8 billion in losses last year. By combining automated training with email monitoring, organizations can improve their response to phishing threats. Both companies emphasize the necessity of such training in combating the ever-increasing risk of online scams, committing to deliver more effective security solutions to businesses.

Positive

• Partnership with KnowBe4 enhances email security and training offerings.
• Addresses the critical issue of phishing and BEC scams, which caused over $1.8 billion in losses last year.
• Integrated solutions could lead to improved customer protection against phishing attacks.

Negative

• None.

Product integration partnership harmonizes Security Awareness Training and automated detection and remediation

MCLEAN, VA / ACCESSWIRE / November 15, 2021 / Cyren (NASDAQ:CYRN), a provider of email security and threat intelligence solutions, today announced an alliance agreement with KnowBe4 (NASDAQ: KNBE), the provider of the world's largest security awareness training and simulated phishing platform. The alliance will give customers access to an integrated and automated offering to secure inboxes against phishing attacks and improve the success of internal security awareness training programs.

Phishing-related scams continue to be the most reported type of internet crime, according to the FBI Internet Crime Report 2020, with Business Email Compromise (BEC) and Email Account Compromise (EAC) proving to be one of the most costly type of online scams accounting for 19,369 of complaints last year with adjusted losses of over $1.8 billion.

To help combat the ongoing threat from phishing and BEC scams, the partnership seamlessly integrates KnowBe4's automated security awareness training and phishing simulation platform and the Cyren Inbox Security (CIS) email monitoring, detection and remediation platform to enable organizations to mitigate the potential impact of phishing attacks on their business and reinforce security awareness training amongst employees to reduce the cost of phishing response and remediation.

"The risks posed by phishing and BEC scams show no signs of abating, in fact they are only increasing and costing organizations across the globe billions of dollars. This is why it is vitally important that we collaborate as an industry to develop solutions that genuinely make a difference in the battle against email-borne attacks," commented Lior Kohavi, Chief Strategy Officer at Cyren. "Security awareness training is imperative for all security conscious organizations and is a key layer of defense which, when done effectively, can lead to a reduction in successful phishing attempts. We regularly hear from customers that they want to automate the process of training with identifying and remediating suspicious emails and reduce the number of false positives received by their security operations team, while maintaining a robust and effective training program. Our partnership with KnowBe4 is designed to provide exactly that."

Stu Sjouwerman, CEO at KnowBe4, said: "Cyren and KnowBe4 are a natural fit, as we both share the same ambition and goals - to help make organizations across the globe more secure and enable the users themselves to be intuitive and make smarter decisions when faced with an email that could be a threat to the business. By working together, our customers can benefit from the simplicity and user-friendliness of our two platforms to build a powerful defensive capability that reduces the human-risk factor and potential business disruptions caused by phishing attacks."

About Cyren:

More than 1.3 billion users around the world rely on Cyren's cloud security solutions to protect them against cyber-attacks 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
LinkedIn: www.linkedin.com/company/cyren
Twitter: www.twitter.com/CyrenInc

About KnowBe4:

KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, is used by more than 44,000 organizations around the globe. Founded by IT and data security specialist Stu Sjouwerman, KnowBe4 helps organizations address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. Kevin Mitnick, an internationally recognized cybersecurity specialist and KnowBe4's Chief Hacking Officer, helped design the KnowBe4 training based on his well-documented social engineering tactics. Tens of thousands of organizations rely on KnowBe4 to mobilize their end users as the last line of defense. www.knowbe4.com

Media Contact:

Kim Smith
Code Red Security PR for Cyren
E: Cyren@coderedsecuritypr.co.uk

Investor Contact

Kenneth Tarpey, CFO
Cyren
kenneth.tarpey@cyren.com
+1.703.760.3435

SOURCE: Cyren Ltd

View source version on accesswire.com:
https://www.accesswire.com/672875/Cyren-KnowBe4-Partner-to-Help-Enterprises-Fight-Phishing-and-Business-Email-Compromise

FAQ

What is the new partnership between Cyren and KnowBe4 about?

Cyren partnered with KnowBe4 to integrate their security awareness training with Cyren's email security solutions, enhancing defenses against phishing and Business Email Compromise.

How do phishing scams affect businesses according to the press release?

Phishing scams, including Business Email Compromise, are among the most reported internet crimes, resulting in adjusted losses of over $1.8 billion last year.

What are the benefits of the Cyren and KnowBe4 partnership for customers?

Customers will benefit from an automated and integrated offering that improves security awareness training and enhances protection against phishing attacks.

When was the partnership between Cyren and KnowBe4 announced?

The partnership was announced on November 15, 2021.

What stock symbol represents Cyren?

Cyren is traded under the stock symbol CYRN on NASDAQ.