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Cyber-criminals have tried to receive free goods by posing as the Texas government and emailing out Requests for Quotes (RFQs). The multi-layered email attack, in which threat actors pretended to be from the Texas Department of State Health Services, was discovered by researchers at Abnormal Security.

Cyber-Criminals Spoof Texas Government

The research, which analyzes business email compromise attacks tracked by Abnormal from July-September 2020, found that BEC campaign volume increased 15% quarter-over-quarter, driven by an explosion in invoice and payment fraud.

Business Email Compromise (BEC) Attacks Rise in 75% of Industries According to Abnormal Security Research

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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

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

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

Abnormal Security

Abnormal Security, a San Francisco-based cybersecurity company, landed a $50 million Series B led by Menlo Ventures with participation from existing investor Greylock. Abnormal has tripled its annual recurring revenue through this year and has now raised $75 million to date.

The Briefing: Heyday Closes On $175M, K Health Raises $42M, And More

Abnormal Security, a San Francisco-based cybersecurity company, landed a $50 million Series B led by Menlo Ventures with participation from existing…

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Go ahead, be human. Abnormal AI keeps your email protected.

An Abnormal Approach to Securing Human Behavior

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Discover the latest iteration in phishing: QR code attacks. Learn how threat actors exploit QR codes in malicious emails and how to protect your organization.

CISO Guide to QR Code Attacks

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Abnormal positions automotive services giant Valvoline to stay ahead of sophisticated attacks and accelerate its AI initiatives.

Valvoline Inc. Replaces SEG with Autonomous AI to Stop Evolving Threats

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The Briefing: Heyday Closes On $175M, K Health Raises $42M, And More

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