Ransomware Trends 2021 – Fleming Shi – BSW #228
Ransomware attacks have surged in 2021, with the number of attacks increasing dramatically and ransom amounts continuing to skyrocket. Cybercriminals are also expanding their targets, shifting their focus to our critical infrastructure and evolving into deep-rooted software supply chain attack campaigns, which can cause long-lasting devastation.
In the past 12 months, Barracuda researchers have identified and analyzed 121 ransomware incidents, a 64% increase in attacks, year over year. Cybercriminals are still heavily targeting municipalities, health care, and education, but attacks on other businesses are surging.
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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.
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