Alex Tilley, who is the Head of Threat Intelligence for APJ at Secureworks, joins us today to tell us more about Secureworks and what its solutions are for the security threats of today.

Arctic Wolf, a global specialist in security operations, has published its annual Arctic Wolf Labs Threat Report, revealing a year of turbulence.

Analysis of over 500 incidents that Secureworks responded to in 2022 found companies need to make themselves a more challenging target.

The number of incidents involving business email compromise has doubled, replacing ransomware as the most common type of financially motivated cyber threat.

"To avoid the attack surface spiralling out of control, they need to combine asset discovery and monitoring with threat detection and response on a single platform."

By posing as the CEO or other senior figures, attackers guarantee that malicious emails get employees' attention. Many employees are reluctant to question a request from their CEO, so they usually provide the information.

According to the Australian Cyber Security Centre’s Annual Cyber Threat Report 2020-21, BEC cost Australian organisations AUD$81 million during a twelve month period.

"IP and domain reputation data contains fingerprints of malicious behaviour. Therefore, it is vital to expand the breadth of data shared, analysed, and utilised globally."

It has been yet another tumultuous quarter for New Zealanders and their wallets, with almost $6.4 million in reported financial losses due to cybersecurity incidents.

The Christmas period creates a series of opportunities for threat actors to compromise business owners and steal credentials and data for illicit use, Watchguard finds.

A series of spoofed emails enabled a Hong Kong-based hacker to make off with a million dollars.

The standalone solution gives customers and service providers the ability to increase email security with automated incident response and threat insights.

Barracuda’s research uncovered fresh insights into how these popular attacks are evolving and the tactics used by cybercriminals to try to make them successful.

In the report, 85% of the 1,025 global respondents experienced an impersonation attack in 2018.

Email remains the preferred attack vector for cybercriminal activity, from low-level cybercriminals to nation states.

TrendMicro earned the highest score for technology leadership, deployment options and cloud integration.

These attacks are socially engineered to target specific people within financial services organisations who can execute requests on the attacker’s behalf.

The Cloud App Security report details how escalating email threat levels are exposing organisations to an increased risk of fraud, spying, information theft, and spoofing.

The report analyses more than 160 billion emails sent across 150 countries in both 2017 and 2018 to identify email fraud attack trends.

As these threats continue to grow in volume and sophistication, it is imperative that organisations implement a people-centric security approach.

Phishing emails typically mimic the look and feel of an email written by someone in authority, such as a bank, or even a colleague.

Scamwatch is warning Australian businesses to take an urgent look at how they deal with accounts and invoices.

Businesses can be more susceptible to phishing attacks and business email compromises (BEC) than they realise.