Ransomware Rampage: Cyber Threats and Costly Consequences | Gestalt IT Rundown: May 24, 2023

Ransomware attacks continue to pose a significant threat across various sectors, with recent incidents targeting critical industries and causing substantial financial and operational damages. Federal authorities have issued warnings about a surge in cyberattacks exploiting a high-severity vulnerability in Veeam software that enables unauthorized access and raises the risk of data heft and ransomware deployment. With healthcare organizations heavily reliant on Veeam software for data protection, the implications of these attacks are particularly concerning. But the impact of ransomware attacks extends beyond healthcare, as demonstrated by recent incidents faced by companies like Dole, which incurred $10.5 million in direct costs following a ransomware attack, and the ongoing attack on the Dallas Municipal Court Building, disrupting legal proceedings and potentially exposing sensitive personal and case-related information. Since we have an expert in data protection joining us today, let's take a closer look at the face of ransomware. This and more on the Rundown. Time Stamps: 0:00 - Welcome to the Rundown 1:06 - Micron is Kicked Out of China (Again) 5:07 - Cohesity Partners with Google Cloud for Data Insights and Security 8:17 - Cloud, AI, and Business Messenger Unit Spun out from Alibaba 10:36 - Microsoft Builds In the AI 13:10 - BlueCat Acquires Men&Mice DDI Platform 15:37 - Supreme Court Sides with Tech Platforms on Section 230 18:33 - Pliops Plus Redis Equals for In-Memory Performance 21:28 - Ransomware Rampage 36:49 - The Weeks Ahead 38:41 - Thanks for Watching Follow our hosts on Social MediaTom Hollingsworth: https://www.twitter.com/NetworkingNerdStephen Foskett: https://www.twitter.com/SFoskett W. Curtis Preston: https://www.twitter.com/WCPreston Follow Gestalt ITWebsite: https://www.GestaltIT.com/Twitter: https://www.twitter.com/GestaltITLinkedIn: https://www.linkedin.com/company/1789 #Rundown, #CyberSecurity, #Ransomware, #China, #LLM, #AI, #Cloud, #DDIPlatform, #PlatformLiability, #RedisCluster, @PliopsLtd, @Veeam, @Google, @GoogleCloud, @MenandMice, @AlibabaGroup, @Cohesity