Tessian, a London-based company, announced that it is investing $13 Million as the company wants to address an issue of email security with the help of automation.
Tessian uses machine learning to find out and resolve the issue of misaddressed emails. It is a seemingly everyday issue that can be responsible for big security issues for businesses as there is a threat of falling sensitive information into the wrong hands.
Tessian noticed that majority of the security incidents faced by the Information Commissioner Office (ICO) of the U.K. are of misaddressed emails as compared to any other type of security issue. As per new European privacy rules, it may result in heavy fines for such errors.
Tim Sadler, CEO & Cofounder of Tessian, stated that the company received latest information from the ICO. As per the new report, the sending of emails on wrong email addresses is one of the biggest data security issues reported to them. He also proclaimed that with the latest GDPR, all related companies should address this risk of misaddressed emails as a top security priority.
Sadler asserted that it is a natural tendency of people to fear about the hackers or malware. But they generally do not think about the dangers of sending an email on wrong email address. And in fact, this is a great threat that can cause a security issue.
Tessian’s machine intelligence technology searches various corporate email networks and analyzes the universal patterns to find out the glitch. If this technology finds out that someone is trying to send anything abnormal in an email, it sends a warning signifying that the user should check the content in the email.
Balderton Capital led the recent funding round. Various previous investors such as Accel, Crane, LocalGlobe, Winton Ventures, Amadeus Capital Partners, and Walking Ventures also contributed to this funding.
On a similar note, Nordea, a financial services company from Northern Europe, announced that the company has turned to Robotics Process Automation (RPA). The company has taken this decision of automation to deal with the recent GDPR threatening. This automation will help the company to minimize the time needed to process customer requests.