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Cyber Beat Live: Analyzing the WannaCry Response — Fact or FUD?

Last month’s WannaCry malware attack sent both the media and many CEOs into a full-fledged frenzy. In the midst of this chaos, chief information security officers (CISOs) had to respond quickly, first to defend any vulnerable systems, and then to assure fellow executives that their assets were protected. But why was there such a panicked response to this attack when it impacted fewer than 1 percent of mature enterprise companies?

In this episode of Cyber Beat Live, host Bob Stasio, senior product manager for cyber analysis at IBM i2 Intelligence, talks with special guests Ronnie Tokazowski, senior malware analyst at Flashpoint, and Matt Lembright, CEO and co-founder at Enabld, about the extent to which fear, uncertainty and doubt (FUD) colored the WannaCry response. They also discuss whether ransomware is really the type of destructive attack companies should prepare for, or if resources are perhaps better spent fighting more targeted malware attacks such as Shamoon.

Listen now to learn:

  • Was the impression that WannaCry was “everywhere” accurate?
  • Why did WannaCry receive so much media attention when the attack was actually less significant than other recent malware attacks?
  • How can organizations best position themselves to fight not only ransomware, but also other advanced threats and attacks?
  • What role should cyber threat hunting play in an organization’s defense strategy?

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