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MIMECAST CEO UNVEILS VISION FOR FUTURE OF EMAIL SECURITY AT CYBER RESILIENCE SUMMIT

Organizations Need to Expand from Perimeter Email Security to Pervasive Email Security to be Resilient in the New Digital Risk Reality


Mimecast Limited (NASDAQ: MIME), a leading email and data security company, announced its CEO, Peter Bauer has outlined Mimecast’s vision of the future of email security at the North American Cyber Resilience Summit in Dallas, Texas. Today organizations are required to think bigger and create proactive cyber resilience postures that address the threats at the email perimeter, inside the email network, and also beyond their purview, to eliminate the threats that abuse the trust in their brands out in the wild.  Organizations must also leverage the vast telemetry and threat intelligence that can be gathered at the attack surface of their email systems to make their teams and their other security investments smarter and more effective — this what Bauer referred to as advancing from perimeter email security to pervasive email security.

 

Bauer further explained that the future of email security is comprised of three distinct zones, alongside an API-led approach, that organizations need to recognize:

 

Zone 1 – Perimeter

The email security perimeter is focused on keeping users and data safe by protecting email against spam and viruses, malware and impersonation attempts, and data leaks. Organizations need global visibility that offers rapid detection of sophisticated threats to protect their entire customer, partner and vendor ecosystem.

 

Zone 2 – Inside the Perimeter

Compromised users whose accounts are being taken advantage of, lateral movement using credential harvesting links, social engineering and employee errors are threats and risks that manifest inside the perimeter. Organizations should combine security inspections of internal and outbound email traffic with capabilities to build a stronger human firewall through dynamic user awareness training and testing programs. They also need rapid remediation capabilities to extract threats and shut down access to compromised accounts. This will help to ensure that an organization’s internal network, made up of people and machines, is robust and capable of defending itself when attacks occur.

 

Peter Bauer

Zone 3 – Beyond the Email Perimeter – Pervasiveness

Organizations need the ability to protect their brands and domains from being explicitly spoofed or hijacked to defraud customers and partners. This requires the ability to implement DMARC efficiently as well as to hunt for and take action against threats where attackers present themselves fraudulently to an organizations customers or partners using deception and impersonation.

 

Beyond the Zones: API-driven Security Ecosystem Integration

To move from perimeter to pervasive email security requires an extensible architecture that allows organizations to fully integrate the value of the telemetry and intelligence gathered through observing email attacks with their existing technologies such as SOARs, SIEMs, endpoints, firewalls and broader threat intelligence platforms. An API-driven approach further helps deliver pervasive security throughout all zones. This allows organizations to make their teams and other security investments even more effective.

 

“The expanded attack surface, the proliferation of security vendors and the monetization of attacks have all increased the complexity of an organization’s security infrastructure. When you consider the cyber security skills gap that most organizations face today, the threat of business disruption due to a cyber incident is certainly on the rise,” said Peter Bauer, chief executive officer at Mimecast.

 

Addressing complexity is as much of a priority as increasing security. Adding new solutions to your security stack to help thwart new attacks may be counter-intuitive if those solutions don’t connect with each other. There’s power in platform-based solutions that can give organizations the visibility they need to help reduce risk and build a stronger proactive cyber resilience posture,” added Bauer.

 

In addition, Mimecast also announced it has engaged in strategic partnerships with DMARC Analyzer and Segasec to offer brand protection against threats outside the perimeter. Combining Mimecast defenses with DMARC Analyzer’s reporting and email validation solution, helps customers stop impersonation attacks faster with self-service email channel analysis and DMARC Reporting. The strategic partnership with Segasec means customers can help protect their brands from fraudulent impersonators in the wild and neutralize attacks before they are released.

 

These new technology partnerships in combination with Mimecast’s Cyber Resilience platform offers organizations full end-to-end detection and take down capabilities when a malicious actor conducts impersonation activities against an organization. Additionally, customers benefit from integrated, unparalleled visibility into inbound threats as well as those that exist beyond their visibility, helping to restore trust.

 

Mimecast is either a registered trademark or trademark of Mimecast Services Limited in the United States and/or other countries.  All other products or services referenced are trademarks of their respective companies.  The use of the word partner does not imply a partnership relationship between Mimecast and any other company.

 

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Business

STOP THE CONFUSION: HOW TO KNOW IF YOUR BUSINESS MAY BE INSURED AGAINST COVID-19

COVID-19

By Alex Balcombe, Partner at Harris Balcombe

 

The last few weeks has seen businesses in hospitality, tourism, retail, leisure and more forced to close their doors following the Government’s orders that they should close to prevent the spread of coronavirus.

While this is expected to flatten the curve and reduce the number of coronavirus cases, it will of course have an impact on businesses and employees alike.  For small businesses especially, there are many concerns about how they can claim on their insurance to weigh the fall of this impact.

 

Mixed Messaging

In response to calls to help struggling businesses, the Government has informed the public that companies who are facing turmoil will be able to claim on their business interruption insurance during this difficult time. For most, this is wrong.

Alex Balcombe

The insurance industry has also been extremely vocal that there is no cover for any coronavirus-hit businesses during this tough financial period. This isn’t strictly true either.

How can businesses see through the mixed messaging and best secure their future and their livelihoods and reduce money worries? It’s an extremely stressful time for many companies, and confusion over whether or not they can be covered can only cause more unnecessary stress.

Since it’s a new disease, most businesses will not be covered for business interruption due to COVID-19. In fact, the vast majority of policies do not cover anything related to COVID-19.

That said –  don’t rule out the idea that you may be covered. There is a chance that you will be covered against COVID-19, but not know it. This is a very small chance, but your current cover may already protect your business against the consequences of coronavirus, and the nationwide response to it –  though those with this cover are unlikely to realise it.

 

How Could I Be Covered?

Not everyone has business interruption insurance, as it’s not a legal requirement. It is entirely up to the policy holder to weigh up the benefits of having it, and their ability to trade should a disaster happen.

To be considered for cover for COVID-19, there are two types of policy extensions to your business interruption cover that can potentially cover you for this situation:

Infectious Disease Extension 

Many policies expressly state which diseases fall within the realm of being an infectious or notifiable disease. If this is the case, your policy will not provide cover. As it is a new disease, these policies will not have included COVID-19.

Other infectious disease extension policies will define the disease with reference to the actions of the government. Since the UK Government has named COVID-19 as a notifiable disease throughout the UK, it is possible that your business may fall into this definition, thus meaning you may be able to make a claim.

However, again, it’s not always that simple. Many policies require the disease to have been on your premises, while others specify a radius from your premises in order to qualify.

 

Denial of Access Extension (non-damage)

Denial of Access Extension (non-damage) policies may cover you if you’re prevented from accessing your property. This could be due to an event, or by the actions of a competent authority, which could cause your business interruption cover to engage.

If covered by this clause, there are often very subtle differences in wording in your policy. This could depend on the insurer or policy. You may well be covered, but it will depend on your particular circumstances, and the specific policy wording.

 

What now?

It’s clear that the Government needs to do more in ensuring there is clear messaging for businesses, and to help the insurance market look after policy holders. This is an unprecedented situation, and with many people looking to claim on their insurance, we’re already seeing major delays which could have a domino impact.

People throughout the world are understandably facing all kinds of worries because of the current pandemic. Our ways of living have changed, and many business owners will not have experienced a situation like this in their life times. If you own a business and are unsure about whether you can claim for business interruption, or are confused about ambiguous wording, get in touch with a loss assessor.

These claims are not simple, but loss assessors will be experts in business interruption insurance, and will specialise in large and complex claims. They will be able to help and guide you along the way, check your wording and work on your behalf to make sure you get everything you are entitled to.

 

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Wealth Management

HERE’S HOW YOU CAN LEARN TO TRADE RISK-FREE DURING THE COVID-19 MARKET CRASH

COVID-19

Trading app BullBear has launched new features to support budding investors looking to hone their skills against the backdrop of the COVID-19 stock market plunge. The risk-free financial game aims to empower the next generation of investors to learn how to trade stocks and shares by playing with dummy chips as opposed to real money. The app updates come as investors pull back from a volatile stock market rocked by the coronavirus outbreak.

 

At a time when some fresher investors are experiencing their first-ever stock market crash and seasoned investors are reluctant to invest new capital in the market, BullBear is empowering a whole new cohort of traders by teaching them how to trade effectively at no risk.

 

App users can engage in both short-term and long-term trading games using real-time market data from popular stocks enabling them to build investing confidence, making the app both engaging and educative.

 

With over 35,000 downloads, the app provides a free, fun way for thousands to learn how trading works by offering a practice arena in which trades take place and where no real money can be lost. Users can also enter into duals and competitions with other players. Whilst the app incorporates dummy chips to invest with, players can still redeem prizes by winning ‘bulls’ when they rank high in games. These bulls can be used to redeem rewards, such as gift cards from retailers like Amazon, Apple, Google Play and Netflix, at the in-app store.

 

Co-founder of the BullBear app, Anurag Saboo, stated

 

“I realised just how lacking the support for young investors was when my cofounder and I wanted to invest some money in stocks whilst at university. We had no idea where to start and so spent a couple of months trying to find a platform through which we could learn the basics before we risked any cash. But it simply didn’t exist. The resources that did were dull and theoretical. Paper trading can be very boring, and no-commission trading helps only if you make money out of your portfolio. Social methods of learning can help, for example, Etoro’s copy trades, but they still don’t let investors explore the markets themselves before putting money down. Combine this with the fact that only a small percentage of young investors make money through the market, and others end up staying away or are pushed away through losses, we decided to launch BullBear to offer a free, fun alternative.”

 

During a time of crisis accompanied by a turbulent stock market, the BullBear app provides a fail-proof way for budding investors to develop their trading knowledge, helping them to make more informed investments.

 

The BullBear app is available to download now on Google Play and the App Store.

 

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