Ransomware has dominated the headlines the last couple of years. But it might surprise you to hear that another scourge—business email compromise (BEC)—accounted for 49 times more in losses in 2021. As reported in the FBI’s latest Internet Crime Report, BEC cost organizations and individuals $2.4 billion versus $49.2 million for ransomware. In fact, more than a third of total cybercrime last year can be attributed to BEC.

Last December, ThreatQuotient announced it had achieved SOC 2 Type II compliance for the ThreatQ Platform. The milestone is significant because it demonstrates third-party validation that ThreatQuotient continues to meet and exceed industry security standards, previously verified by Type I.

Trustwave security and engineering teams are on heightened alert and are actively monitoring malicious cyber activity associated with and adjacent to the escalating military conflict between Russia and Ukraine. Trustwave is working closely with its clients around the world to enhance cyber preparedness during this time.

Cyber threat intelligence (CTI) considers the full context of a cyber threat to inform the design of highly-targeted defensive actions. CTI combines multiple factors, including the motivations of cybercriminals and Indicators of Compromise (IOC), to help security teams understand and prepare for the challenges of an anticipated cyber threat.

You don’t have to look far for proof that cybercrime is soaring to new heights. Early in the pandemic the U.N. reported cybercrime had increased 600% and other experts estimate damages from global cybercrime to reach $10.5 trillion annually by 2025, up from $3 trillion in 2015. Last year alone, we started 2021 in the fog of the SolarWinds attack and finished with the infamous Log4j vulnerabilities, the full impact of which will take years to understand.