Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

As the new year continues to unfold, cybersecurity budget holders will be deep into the process of identifying where to allocate funds to best enhance protection against cyberthreats. The good news is that budgets are rising, with industry commentators frequently reporting that companies are committing more money to strengthening their posture against persistent and sophisticated threats.

There is a new trope in the security industry, and it goes something like this: To keep yourself safe, you need an AI-powered solution that can act on its own, and to do that, you need to keep those pesky humans away from it. As a practitioner with a track record of bringing AI to cybersecurity — not because marchitecture demands it these days but because of its actual utility to solve security problems — I find this characterization puzzling.

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.