PhishLabs, a cybersecurity company committed to the fight against the exploitation of people by cybercriminals, has announced it has been included in the Inc. 5000 list for the third consecutive year after enjoying 3-year growth of 252%.
This year, PhishLabs is ranked in position 1510 in the list of the 5000 fastest growing private companies in the United States. The list honors the highly innovative companies that are driving the economy of the United States and are enjoying excellent growth and generating new jobs. The Inc. 5000 list recognizes the hard work, excellent strategies and high level of innovation of the fastest-growing companies in the country.
To be considered for inclusion in the list, companies must have been generating revenues for at least three years with a base-level revenue of at least $100,000 and a revenue of at least $2,000,000 for the past financial year. Companies must be privately-owned and independent and be based in the United States.
PhishLabs has grown to be a leader in the field of phishing defense, providing a comprehensive range of services to help organizations defend against phishing attacks. PhishLabs has developed an anti-phishing training program for employees, a phishing email simulation platform that lets organizations monitor their phishing defenses and a phishing intelligence service that provides valuable information on current phishing campaigns.
Phishing is now the primary cyber threat faced by organizations. As John LaCour, founder and CEO of PhishLabs explains, “Cybercriminals profit by targeting an organization’s employees and customers with attacks, like phishing, that exploit the human vulnerability and bypass traditional security measures.” Those attacks have been steadily increasing over the past few years. Now, the majority of data breaches occur as a result of phishing.
Organizations must now develop a successful strategy to counter these attacks. If a phishing attack succeeds, companies can suffer costly data breaches. Figures from the Ponemon Institute show the average cost of resolving a data breach is now $4 million.
LaCour explained the continued growth of PhishLabs saying, “We continue to grow quickly because we provide a unique combination of technology, expertise, and threat intelligence that aggressively fights back and stops these attacks before they lead to data breaches and online fraud.”