New AI Security Solution Addresses Lateral Movement and Wire Fraud Risks
Following our recent reports on AI-driven cyberattacks, Cowbell has introduced IdentityAI, an AI-powered tool designed to detect and mitigate identity-based threats. This solution aims to address the growing risks of business email compromise (BEC), lateral movement, and fraudulent wire transactions—issues that have led to over $2.5 million in potential financial exposure for Cowbell customers in 2024.
Slow Breach Detection Increases Risks
Cowbell reports that customers take an average of 36 days to detect compromised identities. This sort of delay is an attacker’s dream scenario. It permits them life’s greatest commodity, time, or in this case, more time, to infiltrate systems, move laterally, and execute financial fraud.
Data from Cowbell’s claims indicate:
- 40% of breaches involve lateral movement, allowing attackers to escalate privileges.
- 32% of incidents lead to fraudulent wire activity, with an average loss of $320,000 per transaction.
- 36% of organizations fail to enable Unified Audit Logs, reducing their ability to detect early-stage threats.
IdentityAI: AI-Driven Security and Automated Remediation
IdentityAI integrates with platforms like Microsoft 365, Google Workspace, Okta, Salesforce, and Amazon Cloud Trails to monitor identity activity in real-time. The AI-powered system includes:
- API-Driven Log Streaming – Pulls security logs from multiple platforms continuously.
- AI-driven Cyberattacks Threat Analysis – Identifies anomalies and suspicious activity patterns.
- Automated Remediation – Instantly deactivates compromised accounts and enforces security actions.
Significant Reductions in Detection and Response Time
IdentityAI dramatically improves detection and response times:
- Mean Time to Detect: Reduced from 36 days to 15 minutes.
- Mean Time to Remediate: Reduced from 36 days to 49 minutes.
By limiting the period of undetected access and the greatest moment of vulnerability, Cowbell’s IdentityAI has the potential to reduce the risk of lateral movement and financial fraud significantly. As Cowbell’s data indicates, this has the potential to save businesses millions in losses from things like business email compromise.
Other News: Do You Speak “Cyber?” For Brokers Who Don’t, Cowbell Wants to Help (Opens in a new browser tab)
