SpyCloud Brings Fight Against Account Takeover to Europe

https://finovate.com/spycloud-brings-fight-against-account-takeover-to-europe/
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One week after being
named
a Gartner Cool Vendor in Identity Access Management and
Fraud Detection, SpyCloud is back in the
cybersecurity headlines. The company has forged a
partnership with DotForce
, a leading value-added distributor
for information security solutions in Southern Europe, to help
businesses and government agencies in the region fight account
takeover (ATO) attacks.

“SpyCloud has the most complete set of breach data assets in
the world, making them the best partner to join our fight against
account takeovers,” DotForce CEO Zane Ryan said. “These attacks
can hit any organization at any time, and they are extremely
expensive and time-consuming to resolve. With SpyCloud as our
partner, we will be able to help organizations minimize the damage
caused by ATO.”

Via the partnership, DotForce will enable its channel partners
and managed security service providers (MSSP) to bring SpyCloud’s
ATO prevention solutions to their customers. A Finovate
Best of Show winner
in its FinovateFall debut
in 2017, SpyCloud specializes in detection and remediation of
compromised accounts, helps identify and monitor supply chain
exposure, and accelerates the fraud investigation process. The firm
leverages human intelligence, data cleansing, and password cracking
techniques to find exposed credentials faster, and has recovered
more than 109 billion breach assets since inception.

“Account takeovers happen everywhere – criminals go where
the money and data are, regardless of country,” Director of
Sales, EMEA at SpyCloud Neill Cooper said. “We’re honored to
partner with DotForce to help businesses in Southern Europe get
proactive about protecting themselves.” In its statement,
SpyCloud added that the cyberattacks and security breaches that are
made possible by cybercriminals accessing stolen credentials cost
businesses more than $17 billion a year and can continue for
years.

SpyCloud’s partnership news comes just months after the
company announced a
$30 million Series C round
that took its total funding to $58.5
million. Headquartered in Austin, Texas, SpyCloud counts Centana
Growth Partners, Altos Ventures, March Capital Partners, Silverton
Partners, and M12, Microsoft’s venture capital entity, among its
investors.

Photo byMichael
Zittel
 from Pexels

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SpyCloud Brings Fight Against Account Takeover to Europe

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