Mimecast Redefines Phish Testing and Training with SAFE Phish

Rhea-AI Summary

Mimecast Limited (NASDAQ: MIME) announced the launch of SAFE Phish, a new tool enabling organizations to conduct live phishing simulations for training purposes. This innovative capability allows security teams to use real-life, de-weaponized phishing campaigns to better prepare employees against cyber threats. Results will feed into the Mimecast SAFE Score dashboard, providing an overall risk assessment at both individual and organizational levels. The SAFE Phish tool is expected to be available in Q2 FY 2021.

Positive

• Launch of SAFE Phish enhances training effectiveness against phishing attacks.
• Integration with Mimecast SAFE Score dashboard provides comprehensive risk assessments.
• Research indicates that trained users are 5.2 times less likely to engage with harmful links.

Negative

• None.

LEXINGTON, Mass., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ: MIME), a leading email security and cyber resilience company, today announced an industry changing capability that will allow customers to launch live phishing simulations. Known as SAFE Phish, it’s designed to let security teams create training exercises using real-life, de-weaponized campaigns that target their organizations and employees. Training results are engineered to be incorporated into the Mimecast SAFE Score^TM dashboard, which is designed to aggregate data to gauge a company’s security posture. Organizations have an opportunity to re-define the way overall risk is measured as a result. 

“Replicating genuine phishing attacks for training purposes has historically been challenging,” said Michael Madon, SVP and GM of Mimecast Security Awareness Products. “With SAFE Phish technology, end-users can safely be exposed to real-life, de-weaponized phishing attacks to make training more effective and provide a data-driven picture of which employees are most at risk. Our research has shown that end-users who have taken Mimecast Awareness Training are 5.2 times less likely to click on dangerous links. We’re very excited about how SAFE Phish simulations can further help increase the impact of our security awareness solution.” 

Because SAFE Phish results act as a security feed, data from phish testing can be incorporated into the Mimecast SAFE Score^TM dashboard, which is designed to calculate individual user risk using four factors – engagement, knowledge, sentiment, and bad URL clicks. Data is also aggregated to provide an overall organizational risk assessment. 

“SAFE Phish and the SAFE Score^TM dashboard are designed to work together to transform the way risk is measured,” said Mandy McKenzie, director of product management for Mimecast Awareness Training. “Security teams can get a more complete view of risk at both the individual and organizational level and also benchmark their performance against peers in their industries or geographical regions. Using that information, they can take a more proactive approach to addressing potential issues, from applying new security controls or assigning additional training to their riskiest users.” 

According to recent research from Mimecast, almost 60 percent of 1,025 IT decision makers said they saw an increase in both phishing (58%) and impersonation attacks (60%) over the last year. The uptick of COVID-19-related phishing campaigns also highlights the fact that threat actors are looking for new opportunities to target victims with relevant topics. 

“Mimecast SAFE Phish is engineered to provide welcome capabilities at a time when streamlining and automating processes has become a huge focus for CISOs and their teams,” Madon said. “We’re very excited about our expanded ability to keep organizations and their end-users safe during a particularly challenging time.” 

Availability
The Safe Score^TM dashboard and SAFE Phish will be available in Q2 of FY 2021. 

Mimecast: Relentless protection. Resilient world.™
Mimecast (NASDAQ: MIME) was born in 2003 with a focus on delivering relentless protection. Each day, we take on cyber disruption for our tens of thousands of customers around the globe; always putting them first, and never giving up on tackling their biggest security challenges together. We are the company that built an intentional and scalable design ideology that solves the number one cyberattack vector – email. We continuously invest to thoughtfully integrate brand protection, security awareness training, web security, compliance and other essential capabilities. Mimecast is here to help protect large and small organizations from malicious activity, human error and technology failure; and to lead the movement toward building a more resilient world. Learn more about us at www.mimecast.com.

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Press Contact
Alison Raymond Walsh
Press@Mimecast.com
617-393-7126

Investor Contact
Robert Sanders
Investors@Mimecast.com
617-393-7074

Mimecast and SAFE Score are either registered trademarks or trademarks of Mimecast Services Limited in the United States and/or other countries.  All other products and/or services referenced are trademarks of their respective companies. 

Safe Harbor for Forward-Looking Statements
Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, the statements relating to the effectiveness of the features and functionality in Mimecast SAFE Phish and the SAFE Score™ dashboard, the future financial impact of the new features and functionality in Mimecast SAFE Phish and the SAFE Score dashboard, and the overall impact of the modified Mimecast SAFE Phish and the SAFE Score dashboard on Mimecast’s business and operations, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “predicts,” “plan,” “expects,” “anticipates,” “believes,” “goal,” “target,” “estimate,” “potential,” “may,” “might,” “could,” “see,” “seek,” “forecast,” and similar words. Mimecast intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors detailed in Mimecast’s filings with the Securities and Exchange Commission. 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.

FAQ

What is Mimecast SAFE Phish?

Mimecast SAFE Phish is a new tool that allows organizations to conduct live phishing simulations using real-life, de-weaponized campaigns for effective training.

When will SAFE Phish be available?

SAFE Phish is expected to be available in the second quarter of FY 2021.

How does SAFE Phish impact security training?

SAFE Phish aims to improve security training by allowing users to experience realistic phishing scenarios, enhancing their preparedness against actual threats.

What is the Mimecast SAFE Score?

The Mimecast SAFE Score is a dashboard that aggregates data to assess an organization's security posture based on user engagement and risk factors.

How does SAFE Phish contribute to risk measurement?

SAFE Phish results integrate into the SAFE Score dashboard, allowing for a more comprehensive view of risk at both individual and organizational levels.