BALTIMORE--(BUSINESS WIRE)--ZeroFOX, the social media and digital security category leader, today announced the launch of ZeroFOX OnWatch™, a managed monitoring and protection service designed to help companies better safeguard themselves against threats plaguing a broad range of platforms, including social media and digital platforms, the surface web, deep and dark web and mobile app stores.
With social media serving as a primary communication method for both businesses and individuals, companies are increasing their marketing and advertising budget spend on these platforms. In fact, worldwide social advertising investments are forecasted to grow from $32 billion in 2017 to $48 billion in 2021. However, intertwined across social media is an abundance of malicious activity, ranging from phishing attacks and scams to account hacks to brand hijacking and fraud. To address this issue, social media tools and services that offer monitoring, identification and remediation capabilities are more crucial than ever before.
ZeroFOX OnWatch™ is a managed service built on top of the ZeroFOX Platform, supported by leading security experts and optimized to flag the highest priority threats, thereby greatly reducing noise and saving time and resources. When a critical alert is identified, the ZeroFOX team triages, investigates and remediates the threat, saving the targeted organization time, money and public brand embarrassment. For resellers and service providers, this helps focus resources and speeds client resolutions. This is particularly important with 78% of consumers increasingly retracting brand loyalty and with the average annual cost of losing a customer to a single fraudulent account reaching $24,000.
“The threat landscape across social and digital platforms is evolving faster than businesses can keep up with, and it’s forcing teams to rethink how they’re protecting their brand reputation, employees, customers and data,” said James C. Foster, CEO and co-founder, ZeroFOX. “As the category leader in social media and digital security, ZeroFOX OnWatch™ will provide the same level of protection that our platform customers trust and respect, while bringing a unique managed service capability to the table to ensure an expert security team can react quickly and accurately to modern threats plaguing organizations.”
ZeroFOX OnWatch™ offers two tiers of coverage, Standard and Premium, both providing validated, real-time alerts and notifications on potential risks to businesses and brands. With OnWatch™ Standard, ZeroFOX evaluates alerts, prioritizes and then escalates critical threats to customer in-house security teams for remediation. OnWatch™ Premium adds customer-specific incident response workflow, custom threat analysis and best-in-class training as well.
“Our team of expert analysts truly sets ZeroFOX apart,” said Jen Meyer, Vice President, Customer Success, ZeroFOX. “Relying on years of experience identifying and remediating threats, the team handles every customer request and alert with efficiency and effectiveness, giving our customers peace of mind and saving them valuable time and resources.”
For more information about ZeroFOX OnWatch™, please visit: https://www.zerofox.com/onwatch/
ZeroFOX, the social media & digital security category leader, protects modern organizations from dynamic security, brand and physical risks across social, mobile, web and collaboration platforms. Using diverse data sources and artificial intelligence-based analysis, ZeroFOX protects modern organizations from targeted phishing attacks, credential compromise, data exfiltration, brand hijacking, executive and location threats and more. The patented ZeroFOX SaaS platform processes and protects millions of posts, messages and accounts daily across the social and digital landscape, spanning LinkedIn, Facebook, Slack, Twitter, Instagram, Pastebin, YouTube, mobile app stores, the deep and dark web, domains and more.
Led by a team of information security and high-growth company veterans, ZeroFOX has raised nearly $100M in funding from NEA, Highland Capital, Silver Lake Waterman, Redline Capital and others, and has collected top industry awards such as Red Herring Top 100 North America, the SINET16 Champion, Dark Reading’s Top Security Startups to Watch, Tech Council of Maryland’s Technology Company of the Year and the Security Tech Trailblazer of the Year.
To find out more information about ZeroFOX or to join our team, please visit: https://www.zerofox.com.