FINEOS Improves Efficiency of Phishing Defenses with Cyren Inbox Security

Rhea-AI Summary

Cyren (NASDAQ:CYRN), a provider of email security solutions, announced that FINEOS, a leader in insurance software, has successfully enhanced its phishing threat detection and remediation. By deploying Cyren Inbox Security, FINEOS significantly reduced IT workload, saving one full day of investigation each week. This solution catches sophisticated phishing attacks and automatically removes harmful emails, allowing FINEOS to focus on strategic priorities. As phishing attacks rise in frequency and sophistication, Cyren's technology proves essential in protecting organizations from cyber threats.

Positive

• FINEOS saved 1 full day of IT headcount per week by deploying Cyren Inbox Security.
• Cyren Inbox Security effectively neutralized phishing threats that other systems missed.

Negative

• None.

MCLEAN, VA / ACCESSWIRE / October 26, 2021 / Cyren (NASDAQ:CYRN), a provider of email security and threat intelligence solutions, today announced FINEOS, a leader in life, accident, and health insurance software, has reduced the time and effort its IT team expends to detect and remediate sophisticated phishing threats.

FINEOS is a leading provider of core systems for life, accident and health insurers globally with 7 of the 10 largest group life and health carriers in the US as well as 6 of the largest life insurers in Australia. With employees and offices throughout the world, FINEOS continues to scale rapidly, working with innovative progressive insurers in North America, Europe, and Asia Pacific.

Phishing and ransomware attacks against FINEOS employees are increasing in frequency and sophistication, with highly targeted business email compromise (BEC) attempts impersonating executives. "This is an arms race. The adversary is focused on getting email into your systems, 24/7. They are well resourced, have no budget constraints, they don't have to worry about the corporate policies and standards that organizations must comply with. And it's not simply employees' responsibility to protect the company from breaches," says Paul Deasy, IT Operations Senior Security Architect at FINEOS.

FINEOS selected Cyren Inbox Security to complement their existing Secure Email Gateway (SEG) and Microsoft Advanced Threat Protection (ATP). In tests, Cyren consistently found malicious emails that the SEG and ATP missed, and even better, FINEOS could automatically remove the harmful emails from all affected inboxes.

After deploying Cyren in just 20 minutes, FINEOS recouped 1 full day of IT headcount a week - time previously spent investigating emails and remediating attacks across company inboxes. The time savings allows the FINEOS IT team to advance their strategic priorities rather than constantly respond to suspicious emails.

"We've seen reports showing massive spikes in phishing emails. We weren't aware any of that had happened because Cyren almost immediately neutralized them rather than simply bombarding us with alerts. It's like the Eye of Sauron - it sees everything."

Cyren Inbox Security is an easy-to-deploy solution that protects Office 365 users from sophisticated phishing attacks. It catches and eliminates spear phishing attacks, spoofed messages, BEC, CEO fraud, and credential theft by continuously scanning emails, attachments, and URLs for fraud in all folders. Once discovered, threats are automatically remediated from every affected inbox, and incident investigations are streamlined to save SOC resources. To learn more about Cyren Inbox Security, please visit the Cyren website.

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.

Media Contact
Angelique Faul
Code Red Security PR
cyren@coderedsecuritypr.co.uk
+1 513-633-0897

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/669174/FINEOS-Improves-Efficiency-of-Phishing-Defenses-with-Cyren-Inbox-Security

FAQ

How has FINEOS improved its phishing defenses with Cyren?

FINEOS deployed Cyren Inbox Security, reducing IT workload and effectively neutralizing phishing threats.

What are the benefits of Cyren Inbox Security for FINEOS?

It saves substantial IT time, automatically detects and removes malicious emails, allowing the team to focus on strategic tasks.

What kind of threats does Cyren Inbox Security protect against?

It protects against spear phishing, spoofed messages, BEC, CEO fraud, and credential theft.

What is the stock symbol for Cyren?

The stock symbol for Cyren is CYRN.