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Mimecast offers cyber resilience for e-mail with new detection, remediation and threat intelligence capabilities

New survey: 53% predict their organisation will suffer from an e-mail-borne attack in 2018.


Johannesburg, 21 May 2018

Mimecast (NASDAQ: MIME), a leading e-mail and data security company, has announced enhancements to its Targeted Threat Protection services, namely Impersonation Protect, URL Protect, and Internal Email Protect, engineered to combat and remediate the evolving threat landscape.

New features include supply chain impersonation protection, similar domain detection, the integration of new automated intelligence feeds, as well as the introduction of automated threat remediation capabilities.

New research from Mimecast and Vanson Bourne revealed that organisations are not only facing a variety of different threats, but the volume and frequency of these attacks continue their upward trajectory. In fact, 53% expect a negative business impact from these email-borne threats in 2018.

Impersonation attacks commonly use social engineering, and are designed to trick users such as finance managers, executive assistants, and HR representatives into making wire transfers or providing information which can be monetised by cyber criminals.

Normally, these attacks target people from within the same company; however, attackers have started to impersonate senders from so-called trusted third parties that the target company does business with regularly.

New Mimecast and Vanson Bourne research found that 40% of the 800 IT-decision makers who responded said they saw an increase of these types of attacks over the past 12 months. Impersonation Protect, from Mimecast, will offer supply chain impersonation protection to guard companies against similar or lookalike third party e-mail domains, helping to stop these attacks before they could cause any issue.

Lookalike domains are also increasingly becoming a problem, as recently publicised in top media outlets, like KrebsonSecurity. Attackers are now using non-Western character sets to display letters that look identical to the naked eye, such as the Cyrillic "a" in comparison to the Western "a". This tactic helps to mask the true destination of a link. Mimecast has incorporated new capabilities within Impersonation Protect and URL Protect that are designed to use new algorithms to protect internal users from similar or lookalike domains.

New real-time data feeds have also been added to Impersonation Protect engineered to better identify newly observed and registered domains to further enhance Mimecast's ability to detect security threats. Additionally, using Mimecast's global threat intelligence network, Internal Email Protect, can help customers more quickly remediate security threats that originate from any e-mail account inside or outside the organisation. Internal Email Protect will constantly monitor and re-check the status of all file attachment "fingerprints" globally. If the security posture of a delivered file changes, the service is designed to quickly alert and update administrators, automatically or manually remediate attachment-based malware and will log incident actions.

"Cyber criminals are constantly looking for new ways to be stealthy and trick users, which was the key driver for us to enhance Targeted Threat Protection with these new capabilities. Research found that 97% of respondents said maintaining e-mail uptime is critical for business continuity, yet only 27% have adopted a cyber resilience strategy. In fact, for those that had suffered an email-based attack in the last year, the average recovery time was three days. That's a long time, and, for many organisations, catastrophic," said Ed Jennings, chief operating officer. "It is critical organisations have comprehensive security controls in place before, continuity during, and automated recovery after an attack to help them build cyber resilience for e-mail."

Available in June 2018, these new features will be delivered through Mime|OS, a 100% single cloud platform that underpins the Mimecast services, and via a single administration console with a simple to use user interface. Built using micro-services, Mime|OS allows customers to take advantage of the cost and performance benefits of industry-standard hardware and resource-sharing, specifically for the secure management of e-mail and data.

Mimecast will be showcasing its technologies and services at the ITWeb Security Summit, southern Africa's definitive conference and expo for information security, IT and business professionals. This year, over 70 expert speakers will deliver key insights across seven tracks, including workshops and training courses during the expanded five-day event. The ITWeb Security Summit will be staged at Vodacom World, Midrand, from 22 to 23 May 2018; and CTICC Cape Town on 29 May 2018. Focused and interactive workshops, as well as in-depth training courses will be run in the days around the main conference and exhibition.

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ITWeb Security Summit 2018

Registration is open for the ITWeb Security Summit 2018, being held in Johannesburg on 22 and 23 May and in Cape Town on 28 and 29 May. This is the must-attend annual event for information security professionals, featuring international speakers, workshops, as well as a beginners' guide to cyber security. Click here.

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Mimecast

Mimecast (NASDAQ: MIME) makes business e-mail and data safer for thousands of customers and their millions of employees worldwide. Founded in 2003, the company's next-generation cloud-based security, archiving and continuity services protect e-mail and deliver comprehensive e-mail risk management.

Investor Contact

Robert Sanders
(617) 393 7074
Investors@Mimecast.com

Editorial contacts

Leigh Angelo
ITP Communications
leigh@tradeprojects.co.za