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Home»Tech News»How an Armenian startup plans to use a new innovation to tackle the billion-dollar phishing industry – DailyTech
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How an Armenian startup plans to use a new innovation to tackle the billion-dollar phishing industry – DailyTech

August 9, 2022No Comments3 Mins Read
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How an Armenian startup plans to use a new innovation to tackle the billion-dollar phishing industry – TechCrunch
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So-called ‘Area-based Message Authentication, Reporting, and Conformance’, or DMARC, is a technical normal that’s designed to guard the senders and recipients of electronic mail from spam, spoofing, and phishing. Earlier than you go to sleep, it’s value mentioning that it is a booming tech sector.

What the fast-growing DMARC protocol is doing now’s what “https” did the net: making electronic mail extra communication safe. There have been 6 million domains utilizing DMARC in 2021 and 10m in 2022. It’s rising, quick.

Firms within the house embrace Valimai (raised $84M) and RedSift (raised $64.8M), amongst others.

And they’re tackling a giant downside. In response to Statista, 333 billion emails are despatched day by day. And electronic mail stays an enormously highly effective model communication platform. However 84% of emails are spam (July 2021). In the meantime, an unlimited variety of cyberattacks are carried out by easy phishing emails. And but electronic mail stays one of many few non-proprietary methodology of communication on-line, given a lot of our interactions at the moment are successfully owned by platforms like Fb and Google.

Again in 2016, Gerasim Hovhanisyan says he was working as an data safety advisor, when he was requested to look into the aftermath of a extreme electronic mail phishing assault on a multi-billion greenback firm.

He seemed into the newest electronic mail safety applied sciences however determined that there have been quite a lot of options, however none which packed the DMARC protocol into one thing comparatively straightforward for companies to make use of. So along with co-founder Avag Arakelyan, in 2018 they launched their startup to sort out this downside.

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The ensuing EasyDMARC is a B2B SaaS resolution that claims to make electronic mail authentication easy for SMEs by securing area and electronic mail infrastructure, defending from phishing and rising electronic mail deliverability. It does this by ensuring there are safety protocols for a enterprise that cease hackers from sending phishing emails on their behalf, amongst others issues.

The startup now says it has 30,000 shoppers from 130 international locations and has analysed a staggering 9 billions emails.

Now, after a interval of bootstrapping, EasyDMARC has raised a Seed spherical, of $2.3M in a spherical led by Acrobator Ventures (lead investor, Joachim Laqueur), Method VC and an unnamed US-based public safety firm.

The deal marks a major second within the Armenian tech startup ecosystem, since each Hovhannisyan and Arakelyan are alumni employers of Picsart, the nation’s important unicorn right now.

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