Anti-Phishing Training Company PhishMe Secures $2.5 Million in Funding

Providing employees with anti-phishing training is an important part of an organization’s cybersecurity strategy. Technology can be used to prevent network cyberattacks, but employees are a weak link. If phishing emails are delivered to inboxes, it is all too easy for an employee to open an infected email attachment and load malware onto a corporate network.

Anti-spam solutions can be employed to reduce the risk of phishing emails being delivered, but no solution is 100% effective, 100% of the time. Sooner or later phishing emails will be delivered. Since employees are the last line of defense it is important that they are told how to identify phishing emails.

PhishMePhishMe Inc. offers training courses to teach employees how to identify phishing emails. Phishing email simulations are also conducted to determine whether employees have understood the training they have been given. Any employee that fails to identify phishing emails can be provided with additional anti-phishing training. PhishMe studies have shown that by putting skills to the test, employees become far better at identifying phishing and spear phishing emails.

Anti-phishing training has been provided to employees throughout the United States, with the company’s clients including universities, large enterprises, and government agencies. To date, the company has helped more than 3.5 million employees to learn how to identify phishing emails.

This week, the company has announced that it has attracted $2.5 million in investment during a recent Series A funding round. Paladin Capital Group led the funding round and its Vice President, Christopher Steed, will be joining PhishMe’s board as part of the deal.

PhishMe CEO said “This strategic partnership will bring a new and unique perspective on cyber security to employees and users worldwide.”

Paladin Capital MD Kenneth Minihan said “PhishMe’s approach to using hands-on cyber security education and awareness to improve Internet safety behaviors is critical to combatting today’s most advanced threats.”

The funding will be used to expand the company and take advantage of new overseas markets, in addition to improving the company’s reach within the United States. The company also plans to enhance its product line, expand technology partnerships, and improve sales and its business development efforts.

Author: NetSec Editor