Summary
Cowbell customers take an alarming average of 36 days to detect compromised identities. Meanwhile, 40% of breaches involve lateral movement, and 32% of all incidents lead to fraudulent wire activity, with an average wire amount of $320,000. This slow detection combined with high-stakes wire fraud culminates in 2024 wire exposures exceeding $2.5M for Cowbell.
Challenge
Based on a small set of BEC Claims handled by SpearTip
- Delayed Detection: Most organizations detect compromises in 36 days—long after attackers have infiltrated systems.
- Ineffective Visibility: Over a third (36%) fail to enable Unified Audit Logs, missing critical signals of early-stage breaches.
- Substantial Fraud Risk: In 32% of incidents, a fraudulent wire transaction occurs, with an average loss of $320,000 per event.
- High Exposure: Based on current data, Cowbell customers collectively face a $2.56M wire fraud exposure in 2024 alone.
Solution: IdentityAI
Identity AI continuously monitors and secures user identities across critical platforms: Microsoft 365, Google Workspace, Microsoft Defender, Duo, Okta, Salesforce, Amazon Cloud Trails, and MSP RMM tools.
- API-Driven Log Streaming: Pulling security logs from each platform in real-time.
- AI Correlations & Cyber Intelligence: Analyzing massive data sets to identify suspicious behavior and anomaly patterns.
- Automated Remediation: Executing immediate security actions—like forcing password resets, disabling compromised accounts, and blocking adversary pathways—significantly reducing risk.
Measurable Impact
- Mean Time to Detect: Before: 36 Days, With Identity AI: 15 Minutes
- Mean Time to Remediate: Before: 36 Days, With Identity AI: 49 Minutes
By shrinking the detection-and-response window from days to minutes, Identity AI drastically reduces the chance of lateral movement and fraudulent wire transfers, helping organizations save hundreds of thousands—potentially millions—of dollars.
Why Identity AI?
Proactive Threat Hunting
Traditional security solutions remain reactive, often discovering threats too late. Identity AI’s real-time analytics and AI-driven rulesets proactively detect anomalies and block compromised accounts in minutes.
Enhanced Fraud Prevention
Based on Cowbell data, 32% of attacks result in wire fraud averaging $320,000, faster detection directly prevents or contains losses. Faster remediation halts fraudulent activity before the wire is sent.
Centralized Visibility
IdentityAI integrates with a wide range of tools and cloud services, providing a single pane of glass for monitoring identity security. This unified approach solves the visibility gap where Cowbell customers haven’t even enabled centralized logging.
Future-Proofing Against Lateral Movement
By detecting unusual login patterns or privilege escalation attempts quickly, Identity AI prevents attackers from pivoting within your environment—a situation that currently occurs in 40% of breaches (based on Cowbell data)
Reduced Operational Overhead
Automated responses free up security teams to focus on higher-value tasks. They no longer waste days tracing breaches or building manual incident-response playbooks; Identity AI does it instantly.
Zero-Day Discovery: Uncovering the FastHTTP Threat
Identity AI’s continuous monitoring and AI-driven correlations enable us to spot suspicious login attempts that occur in quick bursts. By analyzing logs and user activity across Microsoft 365, as well as other third-party solutions, Identity AI was able to pinpoint abnormal traffic spikes, login anomalies, and credential abuse tied to FastHTTP. In doing so, Identity AI significantly reduces the detection window from days to minutes, helping organizations proactively block attackers before they can compromise user accounts and spread laterally within an environment. Learn more
Protection against Business Email Compromise (BEC)
BEC scams often occur when attackers impersonate executives to deceive finance teams into making fraudulent wire transfers or disclosing sensitive information. With AI-driven analysis, Identity AI identifies unusual behaviors—such as sudden changes in mailbox forwarding rules or atypical emailing patterns—and immediately flags them for attention. This instantaneous discovery and remediation reduces both the frequency and severity of BEC incidents, saving customers from large losses and preserving their reputations.
Conclusion
Identity-based attacks escalate quickly to fraudulent transfers and lateral movement, taking 36 days to detect an unacceptable risk. IdentityAI streamlines detection and remediation to just 15 minutes to detect and under 1 hour to remediate, significantly reducing both the frequency and severity of breaches. By shortening response times, Identity AI safeguards Cowbell customers from costly exposures and preserves trust.
30-Day Free Trial for all Cowbell Policyholders
All Cowbell policyholders are eligible for a 30-day free trial of Identity AI. Throughout this trial, customers gain real-time protection against identity-based threats. At the end of the trial, customers will also get a comprehensive report outlining any anomalies or detected threats—providing invaluable insight into your security posture and the effectiveness of Identity AI.
Pricing & Availability
Identity AI is priced based on the number of identities (users) customers need to protect, starting at just $4 per user per month.