January 21, 2015 | Israeli cybersecurity startup IronScales has raised $1.5 million in seed financing led by RDSeed, the investment arm of Rafael Development Corporation (RDC). Coming out of the 8200 Entrepreneurship and Innovation Support Program (EISP) in 2013, IronScales has developed what it calls the industry’s first ever employee-based intrusion prevention system with an automated phishing-mitigation response. Most successful cyber-attacks on companies and organizations still involve employee-targeted spear-phishing, whereby criminals attempt to deceive employees into revealing sensitive information such as usernames and passwords so they can then install spyware, remote-access Trojan horse attacks or ransomware. Damages can range from the theft of sensitive information to ransom demands. Led by CEO Eyal Benishti, IronScales uses a “gamified” and interactive approach, simulating real-world email phishing attacks, and helping prepare employees for actual attacks. Those who fail to spot the mock attack will receive on-the-spot quick, fun, interactive training.
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