Cyberattack: Benefits of managed detection and response

Threat intelligence is a way of reducing ‘physical and cyber risks’ while supporting decision-making and existing security intelligence methodologies and systems. FILE PHOTO | NMG

In 2022, the FBI issued alarming statistics around the cost of cybercrime - $43 billion through business email compromise, a 65 percent increase in global losses, and a 62 percent year-on-year increase in ransomware attacks.

These risks, among many others, are increasing in intensity and capability, driven by organised cybercrime, artificial intelligence (AI) tools, and cybercrime-as-a-service.

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