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London-based AI-powered email security firm Egress purchased by KnowBe4

Written by Thu 25 Apr 2024

Security awareness training company, KnowBe4, has acquired artificial intelligence (AI) powered email security firm Egress to build a single threat detection platform for staff preparedness against potential cyber threats.

In a press release, CEO at Egress, Tony Pepper, said one of the biggest challenges organisations face is accurately identifying who the next source of compromise is and why. At a time when individuals and companies alike are facing increasingly sophisticated cyber threats, the tools required to defend against data breaches need to become equally advanced.

“By combining intelligence and analytics from integrated applications, companies can gain valuable insights across their entire cyber ecosystem, allowing them to focus on the risks that matter most,” added Pepper.

Well known for its security training platform, KnowBe4 is working to meet the future of security by offering personalised AI-driven controls and real-time coaching. Formerly a public company, KnowBe4 was acquired by Vista Equity Partners last year and taken private.

According to Verizon’s Data Breach Investigations Report, data breaches involving employee behaviour have become commonplace, with almost three-quarters (74%) of all incidents involving a human.

“By providing a single platform from KnowBe4 and Egress, our users will benefit from differentiated aggregate threat detection to stay ahead of evolving cyber threats and foster a strong security culture,” said Stu Sjouwerman, CEO of KnowBe4.

The purchase follows the announcement of KnowBe4’s AI-native platform, Artificial Intelligence Defense Agents (AIDA), which includes advanced AI agents.

The two organisations have been working together for over a year as integration partners with this acquisition seen as a natural progression for both companies. While the exact details of the agreement have not been disclosed, the transaction is expected to be finalised within months after regulatory approvals and conditions are reached.

In January, KnowBe4 released a report detailing a surge in cyberattack incidents targeting the public sector in 2023. The report shed light on the trends, statistics, and real-life examples of cybercrime on a global scale, with a particular focus on government agencies and public sector services.

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Written by Thu 25 Apr 2024

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