Mimecast Limited (NASDAQ: MIME), a cloud-based email management and security company that is headquartered in London attended this year’s Gulf Information Security Expo and Conference (GISEC), taking place at the Dubai World Trade Center last week (March 29-31). The company showcased how they protect their customers against advanced spear-phising nd whaling attacks with its targeted threat protection service.
Mimecast, which was founded in 2003 with Peter Bauer serving as the CEO makes business email and data more secure for 16,200 customer-base worldwide. Users who have adapted to cloud services like Microsoft Office 365 heightened its security coverage by combating downtime and improved archiving of files. Mimecast Email Security protects against malware, spam, advanced phishing and other emerging attacks, while preventing data leaks.
According to Mimecast research conducted in December 2015: (from their PR Kit)
1. 55% of organizations have seen an increase in the volume of whaling attacks over the last three months.
2. Most whaling attacks pretend to be the CEO (72%), while 35% had seen whaling emails attributed to the CFO.
This prompted the launch of Mimecast’s Targeted Threat Protection Service that focuses on defense against suspicious external links and email attachments especially against CEO fraud.
Side note: You can buy Mimecast Stocks (MIMECAST LTD) at a share price of $9.65 as of Apr 1, 2016, 4:00 p.m. according to marketwatch.com
