KnowBe4 Registers 298% Surge in Selling in Q4, 2016

2016 has witnessed a huge surge in ransomware attacks, phishing electronic mail volume has risen and CEO scam is now common. As the quantity of threats rises, businesses are understanding that safety defenses must be improved. Although funds are being diverted to safety products to avoid cybercriminals from breaching the safety perimeter, workers remain a feeble link in the safety chain. All too often, cybercriminals are capable to avoid technical defenses by targeting workers with phishing electronic mails.

Lots of businesses have understood that away from being a burden, workers can be changed into a solid last line of protection. Training workers to be more safety conscious can stop phishing and social engineering attacks; nevertheless, training alone isn’t particularly efficient.

KnowBe4 has faced the problem by creating an integrated coaching and phishing replication platform that coaches end users on phishing electronic mail identifiers and strengthens the coaching with phishing replication exercises.

The increased risk of attack and the consciousness that workers need not be a data breach waiting to occur has spurred several companies to apply the KnowBe4 platform. Sales have been gradually increasing for the previous 15 quarters; nevertheless, Q4, 2016 saw the sales numbers spike. KnowBe4 has informed its sales figures soared by a highest 298% in Q4, 2016. From 2013 to 2016, the firm has enjoyed the expansion of 2300%.

The company opened over 750 new company accounts in the last month of the year bringing its total to over 8,000 clients.

KnowBe4 Chief Executive Officer, Stu Sjouwerman described the achievement of the integrated coaching and phishing replication platform, stating “KnowBe4’s new-school safety consciousness coaching and replicated phishing platform has been well accepted by IT managers since it finally lets them administer the continuing difficulty of social engineering and coach their workers to make better safety decisions.”

KnowBe4 informs that its clients have noticed main improvements after applying the platform and how the company has assisted them to develop a safety culture and boosted their safety defenses.