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Ransomware Negotiations Spark New Business For Cybersecurity Companies

Written by External Author | Jul 8, 2021 3:00:00 PM

The rise of ransomware attacks directed at U.S. companies is creating demand for a new service from cybersecurity companies: ransomware negotiations. 

"We did our first negotiation in June of 2020 based off of contacts that we had had with a victim of ransomware incident,"  said Groupsense Director of Intelligence Operations Bryce Webster-Jacobsen. "We did a few more after that between June and September and decided to make it a formal offering because word was out that we were doing it. We were starting to get referrals from other victims that we had worked with."

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