Ransomware and BEC Dominate the Cybercrime Landscape

Arctic Wolf’s team of elite researchers and security professionals have spent the past year diving deep into the world of cybercrime, helping organizations prevent and recover from incidents, and researching threat actors across the globe. The result of all this hard work is the 2024 Arctic Wolf Labs Threats Report, and the pages of our report show a world dominated by ransomware and business email compromise (BEC).??

Some key stats from our report your organization should know:?

• Ransomware is 15x more likely than BEC to lead to an IR investigation?
• BEC incidents accounted for 29.7% of the total incidents investigated by Arctic Wolf? Incident Response?
• 39% of non-BEC incidents Arctic Wolf investigated involved an attacker using credentials to log into an exposed application?

While these threats can feel overwhelming, preventing and responding to cyber attacks is achievable. By taking a holistic, security operations-focused approach, organizations can put themselves in a position of reduced cyber risk while knowing they have the tools to stop threats that appear on their digital doorstep.?

Read our inclusive insights and discover how your organization can better prepare for the threats of the future with our full report — download now.?

Arctic Wolf News?

96% of respondents recommend Arctic Wolf Managed Risk to peers?

We’re proud to announce we’ve been named a Strong Performer in the January 2024 Gartner Peer Insights Voice of the Customer for Vulnerability Assessment. Arctic Wolf? Managed Risk had the highest overall rating (4.7 out of 5) and the highest willingness to recommend (96%) based on 74 reviews as of Jan. 15, 2024. Additionally, Arctic Wolf had the highest rating in all four evaluation sub-categories examined in the report.?

Watch: Always Ahead: Arctic Wolf in the Forbes Cloud 100?

In this episode of Always Ahead, our Chief Product Officer Daniel Schiappa explains how Arctic Wolf has secured our place on the Forbes Cloud 100, a list of the 100 best private cloud computing companies, for the second year in a row.?

Important Reading (and Watching)?

How to Better Implement a Zero Trust Strategy?

Organizations need a strategy that ensures users retain the revolutionary level of access provided by the cloud and hybrid work models, but not at the expense of the organization’s security. Enter zero trust.?

The Importance of Identity and Access Management?

Identity infrastructure is the collection of tools, technologies, and processes that helps an organization’s security team verify that only authorized users have access to data and environments.?

Arctic Wolf’s Comprehensive Suite of Solutions Keeps Meyer Shank Racing on Track?

Arctic Wolf’s comprehensive support — including broad visibility and 24×7 monitoring — keeps Meyer Shank Racing’s complicated IT operations on track.?

Watch: Arctic Wolf's 24x7 Monitoring Secures Parramatta's Fans and Members Valuable Data?

Thanks to a comprehensive partnership with Arctic Wolf, the club can focus on a full digital transformation to become a club of the future, providing fans and members with customized experiences while expanding the breadth and depth of their cybersecurity.?

Career Fair

Explore diverse roles within our Security Services (S2) organization that span security operations, concierge and leadership. Whether you envision yourself triaging and assessing inbound security data and communications in a SOC, supporting the technical relationship with our customers keeping their organizations secure, or leading those teams, you can make an impact at Arctic Wolf!

Come connect with our S2 employees to find out more about opportunities to End Cyber Risk and grow your career here.

We’ve started 2024 focusing on what’s ahead by taking a look back at the year that was with our three-part series: Reinforce Your Foundation. Amplify Your Resistance.??

Explore the episodes.?

As always, you can keep up to date with the latest cybersecurity news, innovative solutions, and insightful conversations on our Twitter or Facebook page. You can also subscribe to our email newsletter.?