Ironscales, a provider of an automated phishing protection, detection and response platform has had its advanced spear phishing threat technology recognized as a key innovation in the spear phishing market by the global market research and consulting firm Markets&Market in its recent spear phishing market report.
The company’s technology was developed specifically to identify and block advanced spear phishing threats that often pass through secure email gateways and spam filtering solutions undetected. In a few short years, the company has released an innovative range of products to better protect organizations from increasingly sophisticated email-based threats.
“We’re thankful to the Markets&Markets analysts for understanding and validating our multi-phased approach to phishing mitigation that combines human intelligence with machine learning,” said Eyal Benishti, founder and CEO of Ironscales.
The report also profiles the major players in the spear phishing market based on 2016 revenues, which includes Microsoft, Symantec, BAE Systems, Cisco Systems, GreatHorn, FiereEye, Proofpoint, Mimecase, PhishLanbs, and Intel.
The increasing threat level and the success rate of spear phishing attacks is prompting organizations to seek advanced email security solutions capable of detecting and blocking spear phishing attacks. Markets&Markets predicts CAGR of 9.6% in the spear phishing market from 2017 to 2025, with the value of the market expected to reach $1,839.8 million by 2025.
It has been an impressive year for Ironscales having already been named a runner up in the information security category at the recent Tech Trailblazers Awards. The awards celebrate tech startups that have recorded impressive growth and show excellent potential to become market leaders in their respective fields. Ironscales has also been named a finalist for the 2018 SC Magazine Awards in the Best Emerging Technology category. Ironscales Federation – the automated, real-time phishing intelligence sharing service – could be in line for an award when the winners are announced in April.