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    KNBE   US49926T1043

KNOWBE4, INC.

(KNBE)
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Delayed Quote. Delayed Nasdaq - 12/03 04:00:00 pm
21.89 USD   -0.59%
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Martha's Vineyard Bank Fends off Phishing Threats With KnowBe4 for Over a Decade

10/26/2021 | 08:02am EST

Tampa Bay, FL, Oct. 26, 2021 (GLOBE NEWSWIRE) -- KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, today celebrates over a decade working alongside Martha’s Vineyard Bank to improve the company’s security culture and awareness. The bank’s Training and Development Manager, John Shorrock, teamed up with KnowBe4’s CEO, Stu Sjouwerman, back in 2010 when the company was founded; therefore, making them one of KnowBe4’s longest-running customers.

Working in a highly regulated industry and managing a wealth of sensitive data, Shorrock learned early on the importance of cultivating a security-first mindset within the organization to protect their employees, customers and network in general. KnowBe4’s platform stood out to Shorrock due to its innovative, new-school approach, which sees a combination of interactive web-based training, mock attacks as well as informative vignettes. Equally, having a renowned former hacker, Kevin Mitnick, on board to demonstrate the inner workings of an attack provides another unique element to the training.

Together, the two companies have evolved for the better. In the last decade, KnowBe4 has added further features and tools to its vast portfolio; from a lightweight Security Orchestration, Automation and Response (SOAR) platform to manage high-volumes of malicious emails called PhishER, to an automated compliance audit platform and AI-enhanced, personalized phishing tests. KnowBe4’s library of content has since grown to well over 1,300 items in more than 34 languages as well. Simultaneously, Martha’s Vineyard Bank has witnessed drastic improvements in employee attitudes and behavior towards cybersecurity both at work as well as in their personal lives. Today, employees are bringing suspicious emails to the attention of the IT team, who have subsequently terminated many live attacks.

“We used to worry about bank robberies and now we really need to worry about phishing attacks on our information, particularly when working in an industry where privacy is paramount. We needed a partner that was on top of it and could educate our employees; but more importantly, bring the importance of cybersecurity to the forefront of their minds,” said John Shorrock, Training and Development Manager at Martha’s Vineyard Bank. “KnowBe4 has done that, creating the latest and greatest training content in the market. It has been a pleasure working with them and we have no intention of going anywhere.”

“Shorrock and his team are somewhat visionaries. They recognized the growing importance of cybersecurity at a time when few of their peers had likely considered it,” said Javvad Malik, Lead Security Awareness Advocate at KnowBe4. “There is no doubt that the threat landscape has changed drastically in size and sophistication, but we are humbled to support businesses like Martha’s Vineyard Bank for the last ten years and hopefully, for many more decades in the future.”

About KnowBe4
KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, is used by more than 41,000 organizations around the globe. Founded by IT and data security specialist, Stu Sjouwerman, KnowBe4 helps organizations address the human element of security by raising awareness about ransomware, CEO fraud, and other social engineering tactics through a new-school approach to awareness training on security. Kevin Mitnick, an internationally recognized cybersecurity specialist and KnowBe4's Chief Hacking Officer, helped design the KnowBe4 training based on his well-documented social engineering tactics. Tens of thousands of organizations rely on KnowBe4 to mobilize their end users as their last line of defense.


Amanda Tarantino
KnowBe4
7277484221
amandat@knowbe4.com
Source: KnowBe4, Inc.

2021 GlobeNewswire, Inc., source Press Releases

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Analyst Recommendations on KNOWBE4, INC.
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Financials (USD)
Sales 2021 244 M - -
Net income 2021 -16,9 M - -
Net cash 2021 266 M - -
P/E ratio 2021 -193x
Yield 2021 -
Capitalization 3 751 M 3 751 M -
EV / Sales 2021 14,3x
EV / Sales 2022 11,1x
Nbr of Employees 1 296
Free-Float 19,9%
Chart KNOWBE4, INC.
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Technical analysis trends KNOWBE4, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 13
Last Close Price 21,89 $
Average target price 31,92 $
Spread / Average Target 45,8%
EPS Revisions
Managers and Directors
Stu Sjouwerman Chairman & Chief Executive Officer
Krish Venkataraman Co-President & Chief Financial Officer
Lars Letonoff Co-President & Chief Revenue Officer
Gerhard Watzinger Independent Director
Kara Wilson Independent Director
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