Carl is the Chief Information Officer at Deep Instinct. He has a proven track record in building teams, systems architecture, large scale enterprise software implementation, as well as aligning processes and tools with business requirements. Since 1998, Carl has held various regional and global roles for Citi, covering all aspects of architecture, engineering, global operations, as well as running critical enterprise cyber services for Citi’s cybersecurity functions.
In this Help Net Security interview, Carl Froggett, CIO at Deep Instinct, discusses emerging trends in ransomware attacks, emphasizing the need for businesses to use advanced AI technologies, such as deep learning (DL), for prevention rather than just detection and response.
Recent data from Deep Instinct found that the total number of ransomware victims in 2023 increased significantly. Amazingly, there were more victims of ransomware attacks in the first half of 2023 than in all of 2022. Not only are we reporting on this uptick, but respected non-profit organizations like FS-ISAC are also acknowledging this problematic trend.