Mimecast Acquires Segasec to Boost Phishing Defense

Mimecast has confirmed plans to acquire threat protection startup Segasec, starting a new year of cybersecurity M&A after an especially active 2019. Terms of the deal were not disclosed.

Tel Aviv-based Segasec, founded in 2017 by Elad Schulman and Gad Akuka, aims to protect businesses from phishing, business email compromise, ransomware, and other threats. Its platform monitors domain registrations, new certificates, mail server provisioning, social networks, and other Web resources where consumers and brands interact. The goal is to help companies better defend against attacks using fake websites and domains for credential theft.

Mimecast plans to integrate Segasec's technology into email and Web security services as part of a broader effort to build an approach dubbed Email Security 3.0. The idea behind this is to improve security defense against three types of threats: those trying to breach the perimeter (Zone 1), those that exist inside the perimeter (Zone 2), and attacks taking place outside the perimeter (Zone 3). The Segasec acquisition is specifically intended to address Zone 3 by improving the ability to identify attacks that imitate brands using domains they don't own.

Read more details here.

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