PhishMe Acquires Malcovery Security

PhishMe has acquired key assets of phishing intelligence firm Malcovery Security, for an undisclosed sum.

“This acquisition rounds out our portfolio of targeted phishing mitigation, detection, and response solutions, making us the go-to solution in the market,” said Rohyt Belani, CEO and co-founder of PhishMe.

PhishMe will incorporate Malcovery’s Protect Your Network and Protect Your Brand offerings into its full lifecycle of anti-phishing products—Simulator, Reporter and Triage. The move gives the company an added layer of malware analysis and threat intelligence for use in everything from sourcing content for simulations to augmenting PhishMe Triage with enhanced analytics and automated response to phishing incidents.

“Enterprises want to know if they are being singled out by the attackers or are a part of a larger phishing campaign,” said Aaron Higbee, CTO and co-founder at PhishMe. Malcovery’s intelligence will help answer that. The integration of Malcovery’s offerings into PhishMe’s comprehensive anti-phishing platform will boost the accuracy and value of the intelligence and response capabilities for our customers.”

PhishMe has seen growth of 892 percent over the past three years—a rate that it hopes to continue with an extended portfolio. Also, Malcovery’s team will join PhishMe’s staff, bringing the combined employee headcount to 200.

“The combination of Malcovery’s in-depth external threat analysis and PhishMe’s real-time view into phishing attacks reported internally results in the highest-fidelity, actionable intelligence currently available,” said Gary Warner, chief technologist and co-founder of Malcovery Security. “We are thrilled to combine forces with PhishMe in this fight against cyber-criminals and nation-state actors.”

The deal continues a string of acquisitions in the cybersecurity space this month, including Rapid7’s $68 million acquisition of Logentries, and Wombat Security’s acquisition of ThreatSim.

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