EC News DeskAs organisations across the region pivot to digital engagement models, social media has become the primary channel for organisations to interact with their customers. Recognising the need for organisations to assess and address the risks posed by these platforms, Credence Security has announced that it has signed a distribution agreement with ZeroFOX, a provider of digital risk protection services. In the first four months of 2020, ZeroFOX observed a 60% increase in fraud and scams, a 68% increase in malicious domain takedowns, and 145% increase in credential theft.
A player in the fast-emerging Digital Risk Protection market, ZeroFOX safeguards modern organisations from dynamic security risks across social, mobile, surface, deep and dark web, email and collaboration platforms. Using diverse data sources and artificial intelligence-based analysis, the ZeroFOX Platform identifies and remediates targeted phishing attacks, credential compromise, data leakage, brand hijacking, impersonations, executive and location threats and more. The patented ZeroFOX SaaS technology processes and protects millions of posts, messages and accounts daily across the social and digital landscape, spanning LinkedIn, Facebook, Twitter, Slack, Instagram, Pastebin, YouTube, mobile app stores, the deep and dark web, domains, email and more. ZeroFOX Takedown-as-a-Service helps dismantle attacker infrastructure to thwart future attacks.
In selecting Credence Security as its distribution partner for the Middle East, Pakistan, Africa and India, ZeroFOX was particularly drawn to Credence Security’s market strategy and its singular focus on cybersecurity with a portfolio of like-minded, best-in-class vendors. Credence Security’s longevity and reputation in the market, agile and transparent business model and footprint across key regional markets were also key factors that drove ZeroFOX’s decision.
As the partnership launches, Credence Security will engage with new and existing partners to drive sales of ZeroFOX solutions to enterprises particularly in the BFSI, government, media and entertainment, real estate, retail and telecoms sectors. For its part, ZeroFOX will invest in upskilling and training regional partners, offer marketing and sales support and weekly threat advisories for customers and prospects.
“As organisations continue to build their social presence, they must realise that it offers cybercriminals a new attack vector; bad actors are using social platforms to impersonate organisations and/or executives, phish employees, steal data and siphon revenues, ultimately resulting in an erosion of brand loyalty and trust,” commented Gabe Goldhirsh, Vice President, MEA/APAC Sales, ZeroFOX. “An effective protection approach necessitates continuous monitoring of the vast attack surface, in cooperation with the public platform providers and hosts, to rapidly identify fraudulent activity and immediately stop and remove the threat before damage can occur.”
“A robust digital-first security strategy includes a comprehensive approach that supports the entire digital risk lifecycle, detect, analyse, disrupt, and optimise. Unlike legacy vendors, ZeroFOX delivers an AI-driven, integrated solution that provides security teams with the capabilities they need to secure their public attack surface,” noted Garreth Scott, Managing Director, Credence Security. “Over the last few years, we have built a strong portfolio of cybersecurity and digital forensics solutions. Partnering with ZeroFOX, gives us a critical complementary solution that will allow us to expand our capabilities and offer regional organisations a suite of solutions to protect their most critical digital assets.”
