Identity and access, Ransomware

The Untold Stories of Ransomware – Fleming Shi – BSW #278

New fourth-annual research report analyzes ransomware attack patterns that occurred between August 2021 and July 2022

In the past 12 months, Barracuda researchers identified and analyzed 106 highly publicized ransomware attacks and found the dominant targets are still five key industries: education, municipalities, healthcare, infrastructure, and financial.

Researchers also saw a spike in the number of service providers that have been hit with a ransomware attack.

The volume of ransomware threats detected spiked between January and June of this year to more than 1.2 million per month.

Most ransomware attacks don’t make headlines, though. Many victims choose not to disclose when they get hit, and the attacks are often sophisticated and extremely hard to handle for small businesses. To get a closer look at how ransomware is affecting smaller businesses, the report details three examples that researchers have seen through Barracuda SOC-as-a-Service, the anatomy of each attack, and the solutions that can help stop these attacks.

Segment Resources:

Read the full Threat Spotlight blog post: https://blog.barracuda.com/2022/08/24/threat-spotlight-the-untold-stories-of-ransomware/ This segment is sponsored by Barracuda Networks. Visit https://securityweekly.com/barracuda to learn more about them!

Sponsored By

Barracuda Networks
Full episode and show notes

Announcements

  • Don't miss any of your favorite Security Weekly content! Visit https://securityweekly.com/subscribe to subscribe to any of our podcast feeds and have all new episodes downloaded right to your phone! You can also join our mailing list, Discord server, and follow us on social media & our streaming platforms!

Guest

Fleming Shi
Fleming Shi
CTO at Barracuda Networks

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.

Hosts

Matt Alderman
Matt Alderman
VP, Product at Living Security
Jason Albuquerque
Jason Albuquerque
Chief Operating Officer at Envision Technologies
Tyler Robinson
Tyler Robinson
Director of Offensive Security & Research at Trimarc and Founder & CEO of Dark Element at Trimarc Security
prestitial ad