FOSTER CITY, Calif., Oct. 16, 2019 /PRNewswire/ -- Agari, the next-generation Secure Email Cloud that restores trust to the inbox, celebrates its 10-year anniversary today. Since launching in 2009, Agari has grown to be one of the most prominent cybersecurity firms serving global customers, including many of the Fortune 1000. Its growth stems from a focus on solving the greatest identity management challenge companies face today, email fraud. According to the FBI and other sources, fraud losses associated with business email compromise (BEC), one type of email fraud, tally to $702 million a month.
Patrick R. Peterson, Agari founder and CEO, said: "We've been instrumental in removing very real threats from the internet -- not just stopping an attack and not just building a higher wall, but actually getting threat actors and criminal infrastructure off the street so that CISOs can operate with peace of mind and employees and consumers can have a safe email experience."
Agari has been recognized for its contributions to society and business. The company worked with the FBI to stop the Citadel Botnet ring. It uncovered the Russian web server that spoofed John Podesta's email that turned the tide of the 2016 U.S. presidential election cycle. It is currently working with the U.S. Secret Service on a cross-border romance-scam case that goes to trial this month, and it is collaborating with U.K. law enforcement to wrangle a complex cybergang. The company has been recognized by many notable organizations over the years, including JPMorgan Chase, which honored Agari with its Hall of Innovation Award.
"A decade ago, many companies were dabbling in email security, but not one was completely focused on the challenge," Peterson explained. "That reality meant not enough progress was being made fast enough because the threats were escalating rapidly. It looked like the bad guys were going to win. That potential outcome was just too big of a risk for me to ignore, which is why I founded Agari."
Agari's first employee is still an employee, and its first customer is still a customer. Agari has been backed by tier-one venture capital, from the beginning.
Read more about the rise of Agari in Patrick R. Peterson's blog.
Want to join Fortune 1000 CISOs at the must-attend Trust 2020 conference, hosted by Agari? Register now.
Agari is transforming the legacy Secure Email Gateway with its next-generation Secure Email Cloud powered by predictive AI. Leveraging data science and real-time intelligence from trillions of emails, the Agari Identity Graph™ detects, defends and deters costly advanced email attacks including business email compromise, spear phishing and account takeover. Winner of the 2018 Best Email Security Solution by SC Magazine, Agari restores trust to the inbox for government agencies, businesses and consumers worldwide. Learn more at www.agari.com.
Jean Creech Avent
Sr. Director, Global Corporate Communications