, a cybersecurity company offering AI-driven protection against phishing attacks, has raised a $25 million round. A spokesperson said the funding will accelerate R&D and the expansion of Area 1’s go-to-market resources, with a particular focus on an “aggressive multi-tier channel strategy.” This comes after a sixth-month period when the startup claims to have saved $273 million in active financial cyber fraud and blocked millions of phishing attempts.
to Verizon’s 2019 Data Breach Investigations Report, nearly one-third of all data breaches involved phishing in one way or another. That’s likely because users have a tendency to fall for such attacks. KnowBe4 that 38% of employees who don’t undergo cyber awareness training fail phishing tests. Problematically, the pandemic appears to have worsened the onslaught, with