In addition, according to the latest reports, last year alone 31 billion data records have been compromised, making it extremely easy for attackers to find legitimate credentials and then use them to bypass security controls. With Arctic Wolf observing a 64% increase in phishing and ransomware attacks in the second quarter of last year, it’s clear that attackers will continue to leverage social engineering to achieve their objectives. Security awareness training is a core pillar of security operations, but traditional training solutions that operate on an annual cadence and offer a “check the box” approach to compliance are wildly ineffective, leaving employees unengaged and uninformed about the latest attacks targeting them. Pioneering a new approach to cyber resilience through a fully managed security awareness service This makes it fast and easy for security teams, even those without an IT or cybersecurity function, to add a security awareness and training program and receive this critical level of protection. Organizations looking to improve their security posture and minimize cyber risk have an acute and growing need to implement programs that address their exposure to social engineering attacks.Īrctic Wolf’s innovative new offering is uniquely positioned to help customers in that journey because it combines fully managed security awareness training, phishing simulations, and account takeover monitoring in a solution that is delivered as a concierge service. This launch augments the powerful combination of technology and concierge services that Arctic Wolf pioneered in the industry to end cyber risk.Īccording to the 2021 Verizon Data Breach Investigations Report, 85 percent of all incidents involve some form of human element, dominated by phishing and credential theft. The company also counts Lightspeed Venture Partners and Redpoint Ventures among its investors.Arctic Wolf launched Arctic Wolf Managed Security Awareness, a radical new approach to security and awareness training that helps organizations build cyber resilience against social engineering, phishing attacks, and credential theft.Īrctic Wolf is the first managed detection and response ( MDR) vendor to offer a comprehensive, fully managed, security awareness solution natively from its security operations-focused Arctic Wolf Platform. Its services are used by enterprises across several industries, including healthcare, financial services and manufacturing.Īrctic Wolf generates revenue through a subscription model, which has grown by over 100% in the past year, it said.
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Schneider, who took over as CEO in August, has been spearheading Arctic Wolf's efforts to expand internationally, as it attempts to put a governance structure in place before it goes public.įounded in 2012, Arctic Wolf provides security software tools and services to detect and help companies recover from cybersecurity threats. "The acceleration in our growth is in part due to the impact of COVID on businesses and that's both around digital transformation.and people starting to work from anywhere who need protections on their internal network," said Schneider. The Eden Prairie, Minnesota-based startup is aiming to go public in the second half of 2022, according to Chief Executive Nick Schneider. During the pandemic, Arctic Wolf benefited from higher investments in security solutions, as remote working arrangements forced companies to spend more on software tools that counter security threats.
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