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CyberWire Daily

Ransomware on repeat. [Research Saturday]

CyberWire Daily

N2K Networks, Inc.

Tech News, Daily News, News, Technology

4.81.1K Ratings

🗓️ 12 October 2024

⏱️ 26 minutes

🧾️ Download transcript

Summary

In this episode, Trevor Hilligoss, VP of SpyCloud Labs at SpyCloud, discusses the increasing threat of ransomware, emphasizing the role of infostealer malware in facilitating these attacks. He draws from SpyCloud's 2024 Malware and Ransomware Defense Report, highlighting how compromised identity data from infostealers creates opportunities for ransomware operators. With 75% of organizations experiencing multiple ransomware attacks in the past year, Trevor explores findings from over 500 security leaders in the US and UK, discussing the challenges businesses face and how they can use insights from this research to defend against ransomware and other cybercrimes. The research can be found here: MALWARE AND RANSOMWARE DEFENSE REPORT Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to the CyberWire's research Saturday.

0:19.4

I'm Dave Bitner and this is our weekly conversation with researchers and analysts tracking down the threats

0:25.7

and vulnerabilities, solving some of the hard problems and protecting ourselves in a rapidly

0:31.1

evolving cyberspace.

0:33.0

Thanks for joining us.

0:34.2

Yeah, so this is a yearly report that we do, basically looking at what are the indicators that we can derive from our reporting, our research, our data, and what kind of conclusions can we draw between that and maybe some

0:54.6

ransomware trends that we might be seeing in the broader community and then sort of

0:59.6

larger look at the longitudinal nature of ransomware events over time and you know what are

1:05.7

though what are we seeing increases are we seeing changes to actor TTPs, etc.

1:13.4

That's Trevor Hillegas, Vice President of SpyCloud Labs.

1:17.7

Today we're discussing their newly released

1:20.0

2024 malware and ransomware defense report. So the story here is Ransomware and before we dig into some of the details I mean can we start with some sort of a broad description? I mean if in your mind where do we find ourselves when it comes to this

1:43.6

ransomware threat? Well we find ourselves in the same kind of place that we have

1:52.0

been maybe maybe a little bit worse there are some

1:55.9

some trends that we don't love to see. Ransomware payments becoming a little bit more common

2:01.8

this year over last year.

2:04.0

You know, there are certainly some positives though.

2:06.7

We've seen some fantastic law enforcement actions on the part of the National

2:11.9

Crime Agency in the UK, the Federal Bureau of Investigation

2:14.9

here in the US and others, seizing the infrastructure, putting out indictments on the

2:20.2

actors that are behind these groups.

2:22.7

So I guess it is kind of a mixed bag,

...

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