Inside the Ransomware Economy: The Industries and Businesses at Risk with Spence Hutchinson

In this episode, we sit down with Spence Hutchinson, Sr. Staff Threat Intelligence Researcher with our Threat Response Unit (TRU), and chat about the ransomware landscape, the cybercriminal "gig" economy, and which industries and types of businesses are most at risk of ransomware attacks.

Key takeaways from the conversation include:

• The evolution of ransomware attacks from simple smash-and-grab strategies to more sophisticated network-wide dominations
• How ransomware-as-a-service groups operate and how they infiltrate networks to gain initial access
• How the "outside in" approach helps to understand threats posed by the Dark Web
• The role that Initial Access Brokers (IABs) play in the ransomware economy and how they use the Dark Web to sell access to other cybercriminals
• Why Lockbit is one of the most impactful threats for SMBs and why it's so challenging to defend against

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About Cyber Talks

From ransomware attacks to supply chain compromises, eSentire’s Cyber Talks podcast will delve into the world of the latest cyber threats that are impacting businesses globally. Join our team of security experts as we speak with C-level executives and security practitioners about the cyber risks affecting their business and how they’re addressing these challenges.

About eSentire

eSentire, Inc., the Authority in Managed Detection and Response (MDR), protects the critical data and applications of 2000+ organizations in 80+ countries, across 35 industries from known and unknown cyber threats by providing Exposure Management, Managed Detection and Response and Incident Response services designed to build an organization’s cyber resilience & prevent business disruption. Founded in 2001, eSentire protects the world’s most targeted organizations with 65% of its global base recognized as critical infrastructure, vital to economic health and stability. By combining open XDR platform technology, 24/7 threat hunting, and proven security operations leadership, eSentire's award-winning MDR services and team of experts help organizations anticipate, withstand and recover from cyberattacks. For more information, visit ⁠⁠⁠⁠⁠www.esentire.com⁠⁠⁠⁠⁠ and follow ⁠⁠⁠⁠⁠@eSentire⁠⁠⁠⁠⁠.