Barracuda Threat Report Reveals Evolving Ransomware Attack Patterns

New third-annual research report analyses Ransomware attacks that occurred between August 2020 and July 2021

Highlights:  

  • In the past 12 months, Barracuda researchers identified and analysed 121 Ransomware incidents and saw a 64% increase in attacks, year over year.
  • Attacks on corporations and businesses made up 57% of all ransomware attacks.
  • 8% of the incidents had a ransom ask less than $10 million, and 14% of the incidents had a ransom ask greater than $30 million.
  • Attacks in the past 12 months have expanded across the globe. 

Barracuda, a trusted partner and leading provider of cloud-enabled security solutions, today released its third-annual threat research report on Ransomware. The new report looks at Ransomware attack patterns that occurred between August 2020 and July 2021.  

A closer look at Ransomware trends  

Barracuda researchers identified and analysed 121 ransomware incidents that occurred between August 2020 and July 2021, and saw a 64% increase in attacks, year over year. Cybercriminals are still heavily targeting municipalities, health care, and education, but attacks on other businesses are surging: 

  • Attacks on corporations, such as infrastructure, travel, financial services, and other businesses, made up 57% of all ransomware attacks between August 2020 and July 2021, up from just 18% in our 2020 study.
  • Infrastructure-related businesses account for 10% of all the attacks we studied. In fact, ransomware attacks are quickly evolving to target software supply chains, which reach more businesses in a single attempt.
  • The ransom amount is increasing dramatically and now the average ransom ask per incident is over 10 million dollars. 8% of the incidents had a ransom ask less than $10 million, and 14% of the incidents had a ransom ask greater than $30 million.
  • Ransomware attacks are becoming pervasive across the globe. Just under half (44%) of the attacks in the past 12 months hit U.S organizations.

“As cybercriminals are working towards bigger paydays in the future, the security industry needs to continue to create solutions that are easily consumable for companies of all sizes,” said Fleming Shi, CTO at Barracuda. “Attackers often start with small organizations that are connected to the larger targets and then work their way up. All of us in the security industry have an obligation to turn sophisticated technology into products and services that can be easily consumed by customers.”

International Business Challenges

Why professionalism and business ethics count

Interview with Nadiia Ratke

We meet with the Nadiia Ratke, who is the brainchild behind the International Organisation of Social Justice. We met Nadia first when she was the Advisor to the Head of the All-Ukrainian Union Batkivshchyna, Yulia Tymoshenko who is also the Ex-Prime Minister of Ukraine and more recently in her capacity as an International Business Development professional linking businesses to opportunities between Europe, Middle East, Latin America and the USA.

Tell us about your challenges as a Business Development professional between different countries?

During my career I met with people from many different cultures and while some did business ethically, many did not and often went back on their word or looked for way that would give them gain and put others at a disadvantage. In business there has to be mutual respect and a win win situation. I feel there is a general lack of attention to morality in the world of leadership today and that is the biggest challenge we face. The definition of morality needs to more aligned amongst business professionals globally.

Tell us about your education?

I graduated with a Masters (M.A.) in Chernihiv National Pedagogical University named Taras Shevchenko and my PhD in Philosophy is from Johannes Gutenberg University Mainz (JGU) / Germany.

How did your journey in the business world begin?

My career started with me working for various global charity organisations and the EU Parliament as part of the team for Human rights, Immigration, Justice, home affairs and Asylum policies.  Following that I became an adviser to the Head of the Political Party Batkivshchyna Yulia Tymoshenko. Now I focus my time on Business Development and the International Organisation of Social Justice.

What is your educational background?

I am a graduate of the International School of Management, Hamburg/ Germany focussing on International Management for my B.Sc. Psychology & Management, I went to the European Business School in Dublin, Ireland and completed an M.A. in Social Management from the “Hamburg University of Applied Sciences in Germany. I also studied Chernihiv National Pedagogical University.

Tell us about your current role in Business Development?

I was always connecting businesses and people who have similar synergies throughout my career so now I bring my expertise of what I learnt before to the table and use that to propose interesting and unique ideas to potential investors or business partners.

Are you working on any new projects now?

Personally, I am finalising my PhD in philosophy, which I believe will help me in my future career. Professionally my aim is to introduce the best of Europe to the Middle East region and also to advise businesses on potential areas of collaboration across continents.

Tell us about your CSR activities?

With the International Organisation of Social Justice we hope to use lessons from the past to help solve social problems, fill the gaps and raise awareness. We cooperate with international organisations in different countries and the UN to implement strategies to improve on the social problems in the more disadvantaged communities.

How do you see your professional life developing?

My aim is to help make changes to the society for the better with my CSR work and advocate better business practices with my Business Development work. I strongly believe in acting honorably and leading with high character and hope to business with like-minded professionals who make ethical decisions and have a moral compass.

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Remaking History : The legendary Queen Elizabeth 2

Shereen Shabnam

Before the Queen Elizabeth 2 (QE2) ship started a new chapter in her storied history as a floating hotel, dining and entertainment destination in Dubai, I got a glimpse of the interior in all its glory during a tour with our then design team. 

With the highly anticipated international interest, it was a delight to be one of the first on the ship when it docked in Dubai and then seeing it refurbished and reinvented as a legendary vessel that is a must-see tourism destination, in a city renowned for its world-class attractions.

The world-famous cruise liner, which has a history spanning over 5 decades, is docked permanently at Mina Rashid offering dining options, accommodation and entertainment attractions. Visitors can have a unique experience capturing all that was grand during its forty years of service.

During a visit on board, we admired the selection of beautifully restored rooms and suites and explore QE2’s rich history in the QE2 Heritage Exhibition. Here we can step back in time in a space that created so many wonderful memories of 40 years at sea.

The legendary ocean liner is docked close to where we live and we love it as a multi-faceted tourist destination continuing to make a mark as a 13-deck hotel that has been thoughtfully restored to her former glory and maintaining her most loved interior design features such as the period furniture, renowned paintings and famous memorabilia.

The original porthole windows still add a maritime feel to the attractive modernized guest rooms and a number of her original restaurants have retained the same names and décor as her former years.  Whilst extensively preserving her authentic elements, the hotel has been equipped with all the latest technology.

The QE2 Exhibition is a must see as it is an interactive museum that showcases the QE2 during the 60’s when she was a pioneer in design, technology and lifestyle – words often used to describe the city she resides in today. Coming from a family obsessed with theatre, we enjoy the entertainment scene that QE2 is becoming known for amongst theatre enthusiasts.

The gem in the crown of the QE2 are the two Royal Suites named after the Queen’s mother and grandmother. These suites offer a private veranda, conservatory and dining room – in addition to a luxurious bedroom. Highly personalised amenities are included for Passengers who can book the suite by invitation only.

We recommend trying the hotel’s signature restaurant is The Queens Grill which offers a refined selection of British fine-dining dishes as well as a tasting menu that recreates a classic selection of dishes from 1969. Another must try is the high tea – if you find yourself looking for things to do on a lazy afternoon, the QE2 afternoon tea hits the spot each time.

The QE2 is home to a number of unique event and meeting room spaces, most notably The Queen’s Room which is an inimitable ballroom unlike any other in the city. It is the perfect place to take guests who love the history and all things maritime.

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First hybrid cinema and family entertainment centre comes to Wafi City

By Natasha Dury

We recently ventured to Wafi City to enjoy an encompassing entertainment experience at VOX Cinemas and Magic Planet that comes with mouth-watering F&B options, state-of-the-art 15-screen multiplex and Magic Planet, the regionally award-winning family entertainment centre.

A concept by Majid Al Futtaim, the state-of-the-art entertainment hub spans two floors. We visited twice, first to watch Boss Baby Two and later to watch Luca. VOX Cinemas Wafi City certainly offers moviegoers an exceptional cinematic experience and boasts the first Samsung Onyx screen in the UAE. Backed by brilliant LED picture quality and an infinite contrast ratio, Samsung Onyx delivers a powerful, captivating and memorable experience through HDR (High Dynamic Range) graphics and clear sounds.

The 15-screen multiplex also features cutting-edge audio-visual technology and a variety of VOX Cinemas’ signature concepts including KIDS, a colourful and dedicated auditorium for young movie lovers, MAX, an auditorium with a mega screen and Dolby Atmos surround sound technology as well as a reimagined VIP experience with luxury seating and in-seat dining.

Families and fun seekers of all ages can also enjoy a wide variety of the latest video games, amusement rides, attractions and redemption games at Magic Planet, which features the ever-popular Bumper Cars, thrilling Drop ‘N Twist and Highway 66, the ultimate mini-bowling experience.

The all-encompassing entertainment destination also features an array of F&B outlets to complement the experience including new concepts Candy Corner, where guests can indulge in a wide variety of sweet treats, and The Spotlight at Wafi City, which serves gourmet cuisine directly to guests’ seats.

The layout is welcoming and the décor in the thoughtfully appointed new culinary offering is imaginative and intriguing. It truly immerses discerning film fans in a unique atmosphere that redefines luxury and the cinematic experience.  

When we arrived, we were assured that VOX Cinemas and Magic Planet at Wafi City have opened in compliance with government guidelines and have implemented an all-encompassing sanitisation and physical distancing plan to ensure that guests can have an exceptional experience with added comfort and peace of mind.

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