Why Is LockBit Ransomware Group So Prolific?

Fraud Management & Cybercrime

Also: Netskope’s SASE Vision; The Compassionate CISO

Clockwise, from top left: Anna Delaney, Mathew Schwartz, Michael Novinson and Tom Field

In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity and privacy issues, including why being a CISO is like being the first family doctor in a small village, why you can’t trust ransomware gangs such as LockBit, and why cloud security vendor Netskope took on $401 million in debt from Morgan Stanley to fuel its SASE offering.

See Also: Live Webinar | Navigating the Difficulties of Patching OT

The panelists – Anna Delaney, director, productions; Mathew Schwartz, executive editor of DataBreachToday and Europe; Michael Novinson, managing editor of business; and Tom Field, senior vice president, editorial – discuss:

  • Highlights from an interview with Aleksandr Zhuk, CISO of cryptocurrency broker sFOX, on why being a CISO is like being the first family doctor in a small village;

  • How the world’s most prolific ransomware group, LockBit – which has been linked to a cyberattack that targeted Britain’s national postal service, Royal Mail – displays an attitude of “profit at any cost”;
  • Why cloud security vendor Netskope has taken on more than $400 million in debt to further develop its SASE platform and expand its go-to-market activities.

The ISMG Editors’ Panel runs weekly. Don’t miss our previous installments, including the Jan. 6 edition, which discusses the complexity of the Rackspace zero-day attack, and the Jan. 13 edition, which discusses the impact of…