Ransomware: The Attack That Keeps on Working – Fleming Shi – BSW #301
Barracuda just released a report on Ransomware findings, here: https://assets.barracuda.com/assets/docs/dms/2023-Ransomware-insights-report.pdf. Here are a few of the highlighted stats:
- Barracuda international survey finds 73% of organizations experienced a successful ransomware attack in 2022 — 38% were hit more than once.
- 42% of those hit three times or more paid the ransom to restore encrypted data — compared to 31% of victims hit just once.
- 69% of ransomware attacks began with an email.
- 27% of organizations feel underprepared to tackle ransomware.
Fleming Shi joins Business Security Weekly to discuss the findings and ways to better prepare for these attacks.
This segment is sponsored by Barracuda. Visit https://securityweekly.com/barracuda to learn more about them!
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Fleming joined Barracuda in 2004 as the founding engineer for the company’s web security product offerings, helping to create the first version of Barracuda’s message archiving product and paving the way for expansion into new content security product areas. As Chief Technology Officer, Fleming leads the company’s threat research and innovation engineering teams in building future technology platforms to deliver continued success in our security and data protection products. He has more than 20 patents granted or pending in network and content security.