April 7, 2021 (New York): Leesburg-based Cofense announced today their intent to acquire Cyberfish, a cyber startup headquartered in Israel. Founded in 2018, Cyberfish uses computer vision technology to detect early indications of phishing email attacks. The acquisition is designed to extend Cofense’s ability to reduce the risk of phishing breaches to enterprise customers.
“We are excited to integrate the advanced AI-based detection solutions developed by Cyberfish into our platform,” explained Rohyt Belani, Chief Executive Officer and Co-Founder of Cofense. “The vision held by the Cyberfish team to make the web a more productive and secure environment is inspiring. We know our customers will benefit from the newly combined entity.”
From a TAG Cyber analyst perspective, we see this acquisition as positive for the industry. It is part of an on-going consolidation of email security solutions into a more unified platform. Furthermore, we like the idea that Cofense’s phishing attack data can be used to inform and help to train Cyberfish’s computer vision models.
The result appears to be a new type of feedback loop for reducing phishing risk where detection and response measures are used to collect accurate data, which is then synthesized to establish baselines, models, and profiles that will help to more accurately detect phishing indicators of compromise (IOC). This approach is also likely to be attractive for managed service providers (MSPs) seeking to offer security solutions.
“We have worked hard to disrupt the anti-phishing industry with our use of computer vision to detect generic phishing, spear phishing, and business email compromise (BEC),” said Dima Kagan, CEO and Co-Founder of Cyberfish. “Becoming part of the Cofense team will allow us to reach a larger portion of the market, including MSPs, with our technology.”
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