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CyberWire Daily

Ransomware on repeat. [Research Saturday]

Oct 12, 2024
Trevor Hilligoss, VP of SpyCloud Labs, dives into the escalating threat of ransomware and the pivotal role infostealer malware plays in these attacks. He reveals insights from SpyCloud's 2024 Malware and Ransomware Defense Report, noting that 75% of organizations faced repeated attacks last year. Trevor discusses how compromised identity data fuels ransomware operations and highlights the challenges companies encounter. He emphasizes the evolution of cyber threats and the necessity for robust security measures to combat this ever-growing issue.
28:35

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Quick takeaways

  • The increasing threat of ransomware is significantly fueled by infostealer malware, which compromises identity data and facilitates further attacks.
  • Organizations must proactively enhance their cybersecurity measures by implementing multifactor authentication and regular vulnerability monitoring to combat ransomware risks.

Deep dives

Current Ransomware Trends

Ransomware payments have become increasingly common over the past year, indicating a troubling trend in the ongoing battle against this threat. While law enforcement agencies have made significant strides in addressing the issue through actions such as infrastructure seizures and indictments, the overall situation remains concerning, with no substantial decrease in ransomware incidents. Research suggests that the cycle of ransomware attacks continues to evolve, with changes in tactics, techniques, and procedures (TTPs) used by cybercriminals. This mixed landscape calls for a proactive and vigilant approach to cybersecurity to mitigate the associated risks.

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