Fraud Management & Cybercrime , Incident & Breach Response , Next-Generation Technologies & Secure Development

ISMG Editors: Why Are Ransomware Profits Dipping?

Also: Consolidation Helps Microsoft Sales; Can ChatGPT Revolutionize Cybersecurity?
Clockwise, from top left: Anna Delaney, Tony Morbin, Michael Novinson and Mathew Schwartz

In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity and privacy issues, including why it pays off to have well-practiced incident response plans, whether ChatGPT is a blessing or a curse for penetration testers and bug bounty hunters, and how Microsoft has reason to be cheerful as security sales hit $20 billion.

See Also: OnDemand | The Cost of Underpreparedness to Your Business

The panelists - Anna Delaney, director, productions; Tony Morbin, executive news editor, EU; Michael Novinson, managing editor of business; and Mathew Schwartz, executive editor of DataBreachToday and Europe - discuss:

  • Research from blockchain intelligence firm Chainalysis and ransomware incident response firm Coveware on the latest ransomware trends, including how the total amount of ransom payments sent by victims to ransomware groups appears to have taken a big dip last year;
  • How ChatGPT technology can be used to automate various cybersecurity tasks, saving time and effort for penetration testers and bug bounty hunters;
  • How Microsoft, the world's largest cybersecurity vendor, continues to pull away from the competition as its security revenue is up 33% since 2021 and 100% since 2020.

The ISMG Editors' Panel runs weekly. Don't miss our previous installments, including the Jan. 13 edition, which discusses the impact of the fragmented Russian darknet market, and the Jan. 20 edition, which discusses why ransomware group LockBit is so prolific.

About the Author

Anna Delaney

Anna Delaney

Director, Productions, ISMG

An experienced broadcast journalist, Delaney conducts interviews with senior cybersecurity leaders around the world. Previously, she was editor-in-chief of the website for The European Information Security Summit, or TEISS. Earlier, she worked at Levant TV and Resonance FM and served as a researcher at the BBC and ITV in their documentary and factual TV departments.

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