• IRONSCALES has been named as a Representative Vendor in the Integrated Cloud Email Security (ICES) category in the 2023 Gartner Market Guide for Email Security.
• By 2025, 20% of anti-phishing solutions will be delivered via API integration with the email platform, up from less than 5% today, report finds.
• The Gartner Market Guide recommends that security and risk management leaders should use email security solutions with AI to detect communication patterns and conversation-style anomalies.
IRONSCALES Named a Representative Vendor
IRONSCALES, the leading enterprise cloud email security platform protecting more than 10,000 global enterprises, announced today that it has been named as a Representative Vendor in the Integrated Cloud Email Security (ICES) category in the 2023 Gartner® Market Guide for Email Security. Vendors are selected based on criteria including email security capabilities that are innovative and/or demonstrative of forward-looking product strategies, client inquiries about that vendor for email security, and the interest of Gartner clients via searches on Gartner.com. The report is intended to provide more understanding of the market and its offerings.
BEC Attacks Increasing
As part of its key findings, the Gartner Market Guide notes that impersonation and account takeover attacks via business email compromise (BEC) are increasing and causing direct financial loss, as users place too much trust in the identities associated with email which is inherently vulnerable to deception and social engineering. According to Federal Bureau of Investigation’s data U.S firms lost a total amount of $43 billion between June 2016 and December 2021 due to such BEC attacks.
A New Approach Needed
To effectively combat this massive increase in advanced Business Email Compromise (BEC) attacks an new approach needs to be taken where traditional solutions like rules scanning or links/attachments scanning won’t work anymore since they can be bypassed easily by attackers nowadays. This intelligent solution must have capabilities like learning from real-world attacks regularly incorporating phishing simulations & awareness training so as to prevent socially engineered malicious intent attacks successfully .
Recommendations by Gartner
The Gartner Market Guide recommends that security & risk management leaders should: Use an advanced email security solution which includes anti-phishing technology specifically designed for targeted BEC protection using Artificial Intelligence algorithms to detect communication patterns & conversation style anomalies; Include API-based ICES solutions when evaluating any kind of email security solution as it provides better visibility into internal traffic & other communication channels which can reduce risks significantly; also creates communication graphs & baseline user activities which aid further analysis process during any cyber attack investigations if needed .