Mon, 09 Dec 2024 | BUSINESS SALE
Leeds-based human risk management platform Boxphish has bought Trillion, an advanced threat intelligence service which tracks credentials shared on the dark web.
The Trillion technology allows customers to gain visibility of leaked credentials associated with their organisation and take appropriate measures to reduce risk.
Boxphish, was founded in 2020 by serial entrepreneurs Henry Doyle and Dan Bailey and chief executive Nick Deacon Elliott.
Boxphish believes that the deal extends its existing suite of products which includes cyber security training courses, customisable phishing simulations and data analytics. All of these equip organisations, and their teams, with the tools and knowledge needed to mitigate the risk of cyber-attacks.
In particular, Boxphish highlighted the opportunity to expand its reach in empowering organisations to manage human cyber risk.
Growth capital investor BGF invested £3.25 million in April in Boxphish so it could also use these funds to accelerate investment in product, people and partners. It said this expansion ‘will enable even more organisations to stay ahead of what continues to be a rapidly evolving cyber threat landscape’.
Deacon-Elliott said: “This is another major step in our journey. Adding dark web monitoring to our product suite allows us to further strengthen visibility around human risk for our customers. By proactively monitoring billions of account credentials passing through dark markets and criminal forums, we now have the capability to pinpoint risk and notify users to act appropriately.”
He added that Boxphish had seen ’significant appetite’ for dark web monitoring alongside its cyber security awareness training platform.
“It’s brilliant that this is now something that we can bring to market,” he said.
Stuart Jubb, CEO at Crossword, the previous owner of Trillion, said: “We’re pleased to have found a new home for the Trillion technology and customers in Boxphish. Trillion already has several shared customers, including Leeds United FC and New College Worcester so the service will be undisrupted and continuing to protect customers’ organisations. The deal also provides long-term security for customers having been acquired by a well-capitalised business with a strong track record in Boxphish.”
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