Security News > 2020 > February > ZeroFOX Raises $74 Million to Expand Social Media Threat Protection Business
Baltimore, MD-based ZeroFOX has raised $74 million in a new funding round led by Intel Capital and including existing vendors NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital and Core Capital.
ZeroFOX delivers an AI-powered platform that protects users and brands from social media-sourced threats.
According to the company's own figures, targeted social media malware is the number one method for breaching an enterprise network; 40% of enterprises have fallen victim to social media spearphishing attacks; and 25% of social media users have received malware.
It is an obvious attack route because of the amount of information that can be gathered on the target, and the lower traditional security between enterprise users and the social media platforms they use.
The platform analyzes millions of pieces of publicly-accessible content in platforms such as Microsoft 365, G Suite, LinkedIn, Facebook, Slack, Instagram, and Apple and Google mobile app stores - looking for potential threats such as account compromise, fraudulent profiles, business email compromise and spear-phishing on digital platforms.