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Abnormal Security, a next-generation email security company, today announced that it raised $50 million in Series B venture capital funding. Led by Menlo Ventures, with participation from early investor Greylock, the round brings Abnormal’s total funding to $75 million.

Abnormal Security Raises $50M in Series B Funding

Menlo Ventures has led a $50 million Series B for Abnormal Security, a developer of AI-based email security and threat detection tools. The San Francisco-based company raised a $24 million Series A in November 2019, valuing it at $140 million.

Menlo Ventures, Greylock fund Abnormal Security with $50M

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Abnormal Security announced that it raised $50 million in Series B venture capital funding. Led by Menlo Ventures, with participation from early investor Greylock, the round brings Abnormal’s total funding to $75 million.

Abnormal Security raises $50M to double the size of its machine learning and data science teams

Business email compromise cybersecurity startup Abnormal Security Corp. revealed today that it has raised $50 million in new funding to double the size of its machine-learning and data science teams.

Business email compromise startup Abnormal Security raises $50M

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Abnormal Security provides advanced email security to prevent credential phishing, business email compromise, account takeover, and more.

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We live in a world where opportunistic cyber-attackers are everywhere. This year, they have leveraged the pandemic, in particular fear surrounding the pandemic, for their own personal gain. In the first 100 days of the outbreak, the number of coronavirus-themed spam messages increased by 26%, while the number of impersonation attacks jumped by 30%. Chris Versace reports.

Comment: How the pandemic has increased the risk for cybersecurity

We live in a world where opportunistic cyber-attackers are everywhere. This year, they have leveraged the pandemic, in particular fear surrounding the…

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We live in a world where opportunistic cyber-attackers are everywhere. This year, they have leveraged the pandemic, in particular fear surrounding the pandemic, for their own personal gain. In the first 100 days of the outbreak, the number of coronavirus-themed spam messages increased by 26%, while…

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The top artificial intelligence companies driving AI forward, from the giants to the visionaries.

100+ Top Artificial Intelligence Companies 2023

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Recent history shows holiday weekends and vacations provide an attack surface bonanza for threat actors.

Ahead of summer holiday weekends, IT security leaders brace for deliberate cyber mischief

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Even though nearly three-quarters of business email compromise attacks during the past year have emerged from Nigeria, Israel has been gaining traction as a base for sophisticated BEC campaigns.

Israel-based BEC attacks on the rise

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Abnormal Security is tracking cybercriminals from an unusual location for business email compromises who are using sophisticated spoofing to spur payments for fake acquisitions.

Israel-based threat actors show growing sophistication of email attacks

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A BEC group has been spotted in Israel. It’s crafting fake messages in multiple languages and impersonating real company bosses to hoodwink target companies out of more than ten times the average amount for payment fraud attacks.

Israel BEC group is so good at robbing big firms it only needs to work part time

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The cybercrime industry is evolving tremendously, and CISOs need to have stringent practices to keep their IT infrastructure secure against sophisticated cyber threats and risks. IT Security Wire interviewed Mike Britton, CISO, Abnormal Security, to understand today’s threats and the best ways to stay secure.

Modern Cyber Threat Landscape and Ways to Stay Secure

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The group, identified by Abnormal Security, targets multinational firms using email display name spoofing and multiple fake personas.

Israeli threat group uses fake company acquisitions in CEO fraud schemes

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A BEC campaign has been tracked to a threat group in Israel, an unlikely genesis for a cyberattack of any kind, Abnormal Security said in a new report.

Widespread Email Ruse Launched from Israel, an Unlikely Source in Moneygrab

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Researchers at Abnormal Security discovered an Israel-based threat group carrying out a BEC campaign primarily targeting large and multinational enterprises with an average annual revenue of over $10 billion.

BEC Campaign via Israel Spotted Targeting Large Multinational Companies

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The report reveals how an emerging threat group employs a multi-phased BEC attack with an M&A theme to steal  from multinational enterprises

New Research from Abnormal Security Shows the Rise of Business Email Compromise Attacks Sent from Israel

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Abnormal Security has announced the results of a new ESG survey, revealing that more than two-thirds of IT and security leaders are concerned that attackers are leveraging communication and collaboration channels beyond email to evade security controls.

Email is Not the Only Channel Open to Attack

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Artificial intelligence presents a unique proposition to the cybersecurity industry given its ability to be used by cybercriminals, but also by enterprises to combat that very threat.

Cybersecurity and the duality of AI

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<p>Exploring the Rise of Israel-Based BEC Attacks </p>

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B 04 20 23 Gartner report

Analyst Research

Abnormal’s fundamentally different approach to cloud email security provides the best protection against existing and emerging attack techniques.

2023 Gartner® Market Guide for Email Security

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Discover the ROI you can experience with Abnormal Security.

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Threat Reports

Abnormal’s latest report on business email compromise trends and statistics finds that employees open 28% of attacks and reply to 15% of them.

H1 2023: “Read” Alert: Data Shows 28% of BEC Attacks Opened by Employees

B 04 20 23 Forrester Total Economic Impact Study of Abnormal Security

Learn how investing in Abnormal Security can yield a 278% ROI within 3 years and help your organization avoid $4 million in losses from BEC.

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