SAN MATEO, Calif. – February 17, 2016 – Agari, the only enterprise-grade security solution for companies to establish a trusted email channel, today announced significant growth in the financial services sector, with 6 of the top 10 banks now choosing the Agari platform to protect their organizations – and their customers – from email cyber attacks.
The financial services sector is a favorite target for cyber attacks. According to industry reports, hackers target financial service firms 300 percent more often than any other industry. In 2015, cyber crime cost companies in the financial services sector on average $13.5 million. Due to the constant threat of attack by cyber criminals attempting to access the Personally Identifiable Information (PII) of millions of customers, these firms turn to the industry-proven Agari platform to protect their email channels and their customers’ private data.
“The financial sector is where the money is and cyber criminals know this. With the rise in malicious email, it is more important than ever to ensure data and money are being protected,” said Patrick Peterson, CEO and founder of Agari. “Agari is fighting the war against cyber crime and we are successfully protecting businesses’ email channels and brand reputation, as well as customers’ private data.”
Approximately half of Agari’s customers are in the financial sector, including four of the top five U.S. banks and four of the top five U.K. banks, as well as the third largest bank in the world.
“As online threats in the financial sector continue to evolve, it’s critical that the email channel be secure for both the employees and customers of financial organizations,” said Craig Spiezle, Executive Director of the Online Trust Alliance. “Solutions like those delivered by Agari, are helping to restore trust in email. The detection and prevention of cyberattacks enable businesses to protect their reputations and customers’ information.”
Agari builds disruptive, Internet-scale, data-driven security solutions that eliminate email as a channel for cyberattacks and enable businesses and consumers to interact safely, leading an ever-growing collation of security partners to help fix email for good. The Agari cloud-based SaaS solution aggregates data from 2.5 billion mailboxes to help global brands eliminate email threats, protect customers and their personal data, and proactively guard brand reputation. Today, Agari analyzes more than 6.5 billion messages per day, identifies more than 2 million malicious URLs per month, and blocks more than 200 million malicious emails per month. Founded by the thought leaders behind Cisco’s IronPort solutions, Agari, a recipient of the JPMorgan Chase Hall of Innovation Award and recognized as a Gartner Cool Vendor in Security, is backed by Alloy Ventures, Battery Ventures, First Round Capital, Greylock Partners and Scale Venture Partners. Agari is headquartered in San Mateo, California. Learn more at https://www.agari.com and follow us on Twitter @AgariInc.
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