Zurich, Switzerland, February 28, 2023 – We are thrilled to announce that xorlab has entered into a strategic partnership with Swisscom, Switzerland's leading telecommunications company. The partnership will bring xorlab's context-intelligent email security technology to Swisscom's enterprise customers, protecting them against modern communication-based threats such as ransomware and targeted phishing attacks.
Due to its prominence and use in business operations, email continues to be the primary threat vector for cybercriminals. According to figures published by IBM in the Cost of a Data Breach Report 2022, phishing was the costliest attack vector, averaging USD 4.91 million in breach costs, and that number is only growing as attackers are becoming more effective. With these costly threats reaching employee inboxes, organizations are rethinking how to tackle this escalating challenge and are looking for an innovative approach to their modern email security needs.
“The modern enterprise requires better email security than ever before. By understanding each organization's unique context and communication behavior down to the most granular level, xorlab can stop even the most sophisticated email attacks,” stated Antonio Barresi, CEO and co-founder of xorlab. “Through Context Intelligence, we have completely changed how security leaders protect their users and their mailboxes. Swisscom is the ideal partner for bringing context-intelligent email security to the leading enterprises in Switzerland.”
Commenting on the partnership, Philipp Van der Elst, Senior Product Manager at Swisscom, said: “With cyber threats evolving at a rapid pace, it is essential that we constantly evaluate the performance of our security infrastructure. xorlab, which won the Swisscom Security Challenge in 2021, has built a detection engine that measurably delivers the best possible protection against evolving email threats. Partnering with xorlab allows us to bring further innovation to our cybersecurity portfolio and increase the cyber resilience of our customers.”
About Swisscom
Swisscom, Switzerland’s leading telecoms company and one of its leading IT companies, is headquartered in Ittigen, close to the capital city Bern. Outside Switzerland, Swisscom has a presence on the Italian market in the guise of Fastweb. In 2022, over 19,000 employees generated sales of CHF 11,112 million. It is 51% Confederation-owned and is one of Switzerland’s most sustainable and innovative companies.
About xorlab
xorlab protects the modern workforce from targeted phishing, fraud, and malware attacks. xorlab’s context-intelligent security platform understands human communication behavior and relationships and automatically uncovers sophisticated cyberattacks before they’re delivered to employee mailboxes. Major global banking, tech, and healthcare organizations rely on xorlab to enhance the effectiveness of their email security stack. xorlab is a European security company headquartered in Zurich, Switzerland.
