If there’s one fraud statistic worth dwelling on as Fraud Awareness Week 2024 passes, it’s this – in the past year, scams of one type or other siphoned $1 trillion globally, according to the Global Scam Alliance’s State of Scams Report 2024. But this figure only scratches the surface of cybercrime’s total global cost, projected to reach $10.5 trillion in 2025, according to Cybersecurity Ventures, the world’s leading source of cyber research.

Most modern organizations have complex IT infrastructures made up of various components like Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), public cloud, and sometimes hybrid environments. While these infrastructures bring significant benefits, including improved scalability, flexibility, and cost savings, increasing complexity has made it challenging for security teams to secure the data stored in these environments adequately.

Azure Security Best Practices: Don't Get Caught with Your Cloud Pants Down Executive Summary The cloud isn't some futuristic fantasy anymore, folks. It's the backbone of modern business, and Azure is charging hard, fueled by AI, to potentially dethrone AWS by 2026. But with this breakneck adoption comes a harsh reality: security can't be an afterthought.

When we think about cybersecurity, we think of malicious actors constantly devising new ways to breach our defenses. While this is critical, it's equally important to understand that another menace can be sitting down the hall. The risk of insider attacks is significant and should not be overlooked. These attacks have floored businesses of all sizes and in various industries, frequently with dire consequences.

In the time it takes you to finish this post — perhaps even this sentence — it is more than likely that ransomware will disrupt yet another business, causing extensive delays and irrevocable damage. Across the globe, ransomware attacks continue to increase in frequency, sophistication, and consequence, littering headlines with cautionary tales and sobering statistics. Over the next decade, Cybersecurity Ventures predicts that global ransomware damage will grow by 30 percent annually.

The demands on security teams have never been greater and practitioners need tools that can keep pace with evolving threats. Yet, many are still tied to legacy SOAR platforms whose limitations - outdated integration methods, clunky usability, and lengthy deployment timelines - hold teams back from achieving their automation goals. Recognizing when it’s time to pivot is critical. For many teams, next-gen SOAR platforms can also fall short.

Every year, more and more companies are confronted with website and email spoofing worldwide. Cyber criminals use fake websites and fake email accounts for phishing, spear phishing and social engineering attacks to commit fraud, redirect web traffic, or manipulate search engine rankings. The disarming, or takedown, of these fake domains is a real challenge for more and more security teams. This is because cyber criminals are becoming increasingly professional in their spoofing activities.

As Black Friday approaches, consumers and retailers are gearing up for deals—while cybercriminals prepare to exploit any vulnerabilities. With online shopping at its peak, hackers are poised to take advantage of the busiest, most hectic moments. Retailers face a significant challenge: safeguarding customer data and profits. A 2024 Verizon report shows that system intrusions, social engineering, and web vulnerabilities cause 92% of retail data breaches.