How Signify saved $12M
Signify is the world leader in lighting. They provide professional service. Their innovations contribute to a safer, smarter, and more sustainable world.
– Regularly Signify’s customers and partners would be targeted by impersonation and business email compromise attacks
– Signify requested Bfore.Ai to apply PreCrime technology for their brand protection
– Bfore.Ai provides a fully managed Brand Digital Asset protection service
– Over the course of the first 6 months, 41 threat vectors were predicted and proactively taken down. No victims reported.
– Savings of $12M dollars were made through early threat detection avoiding costly commercial gestures & legal proceedings.
Business Email compromise and impersonation represent the largest cost organizations incur for cybercrime.
Losses in excess of $2Bn/year are incurred as a result of this attack method which is far more common and costly than the more frequently discussed methods such as ransomware or credential stealing.
Regularly Signify’s customers and partners would be targeted by impersonation and business email compromise attacks, at times resulting losses of hundreds of thousands of dollars in losses. The security team want to regain control, stop being a victim of cybercrime and start protecting their constituency proactively.
Signify requested Bfore.Ai to apply PreCrime technology for their brand protection. Aiming to cover their 50 brands to identify emerging threats and stop criminals before anybody became a victim. Over the course of the first 6 months, 41 threat vectors were predicted and proactively taken down. No victims reported.
Savings of $12M dollars were saved, by avoiding costly commercial gestures, legal proceedings, impact to reputation and optimizing time management from remediation and post-mortem.
PreCrime technology is now helping the Signify Threat Intelligence team keep the organization and their stakeholder secure continuing to identify emerging threats and apply countermeasures to avoid victims.
How it happened
Signify implemented PreCrime via a certified API to their Threat Intelligence Platform. Their advanced security architecture enable the Threat Analysts to push indicators to endpoints (DNS resolvers, firewalls, Web Application Firewalls, etc.) and monitor hits that would indicate an emerging attack.
Bfore.Ai provides a fully managed Brand Digital Asset protection service, by running PreCrime Brand and sending a minimum number of alerts, with near zero false positives, directly to the threat intelligence team.
Network disruption of malicious domains and subsequent takedowns are implemented to stop the attack before it starts.
50 brands protected across the globe
Up to 72 hours earlier notification compared to existing solutions
95% of countermeasures
completed in less than 24 hours
$12M in estimated ROSI (Return on Security Investment)
<0.05% false positives
Bfore.ai is the perfect tool to help any Cyber Threat intelligence team to predict the crime before it happens.
But besides detection, Bfore.ai, provides the tools to fight the crime with mitigation and takedowns of the threat actor’s assets.
Kobe S. Head of Cyber Threat Intelligence