SECURITY
SECURITY
SECURITY
Business email compromise startup Abnormal Security raises $24M
Business email compromise cybersecurity startup Abnormal Security Corp. launched its services today with a Series A funding round of $24 million led by Greylock Partners.
Founded in 2018 by Evan Reiser and Sanjay Jeyakumar, both previously employees of Twitter Inc., Abnormal Security has built a data science and behavioral analysis platform designed to protect organizations from sophisticated, targeted email attacks.
The company says its platform uses a unique composite analysis of identity, relationships and email content to stop attacks that lead to account takeover, financial damage and organizational mistrust.
Along with its founders, who previously worked at Twitter as well as Google LLC and TellApart Inc., Abnormal employees include those who have previously worked at Amazon.com Inc. as well as security companies that include Palo Alto Networks Inc., Proofpoint Inc., FireEye Inc. and Duo Security Inc.
The Abnormal Security Platform users Abnormal Behavior Technology, which uses a rich set of organization-specific data to drive the Abnormal Identity Model, the Abnormal Relationship Graph and Abnormal Content Analysis. The various parts of the platform build models of employees and third-party suppliers, interpret the relationships based on the tone and frequency of communication, and then use computer vision and natural language processing to understand the context and meaning of communications.
The company said that more than 70% of business email compromise attacks identified through Abnormal Security platform customer deployments were not first blocked by secure email gateway solutions. The Abnormal Security Platform integrates with Office 365 and G Suite application programming interfaces, with no requirement for configuration. It has been deployed across some large companies before being made generally available today.
Deploying data science and behavioral analysis does make sense in an age when hackers and other malicious actors themselves now use cutting-edge technology such as machine learning to targeted businesses. As a report noted last year, business email compromise scams are on the rise, with leading companies regularly targeted.
Image: Abnormal Security
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