The latest edition of the ISMG Security Report discusses financial giant Morgan Stanley's failure to invest in proper hard drive destruction oversight, the future of ransomware and the gangs that have attacked organizations in recent years, and the methods required to secure new payments systems.

Dain Drake was CEO of a steel fabrication factory. In June 2019, Drake found himself standing outside a closed adult boutique in Houston at 10:00 a.m. on a Sunday. He called the owner and pleaded for him to come. He needed something inside, which might just save his business - from ransomware.

The latest edition of the ISMG Security Report discusses the appearance at a Senate hearing this week by the former head of security for Twitter; the top-performing web application and API protection vendors, according to Gartner's Magic Quadrant 2022; and threat trends to watch for in 2023.