According to a former senior White House official, 2020 was the year that ransomware went from being a nuisance to a full-scale national security threat and a “scourge.” The frequency of ransomware attacks has increased dramatically over the past year, with 93% more carried out in the first half of 2021 than the same period last year. Ransom payments topped over $400 million last year and is on pace for another record breaking year in 2021. Although those payments may seem jaw-dropping its nothing compared to the damage that a ransomware attack can cause on enterprises and critical infrastructure such as the attack on Colonial Pipeline.

Ransomware is not just a problem for large enterprises and utility companies, it is impacting thousands of small and medium businesses in all sectors. Kurtis Minder, founder of digital risk protection services company GroupSense, has led the response, mitigation, and negotiations of ransomware incidents world-wide. He will share how these attacks occur, who are the perpetrators, how to minimize the chances of being a victim, and what to do if you are.

Join this month's episode of The (Security) Balancing Act as Diana Kelley and guests discuss why ransomware is surging again, which sectors are most at risk, the threat to enterprises and how it is being used for more than just ransom (ex: distractionware, destructionware, etc).
- The rise in ransomware under the cloak of the pandemic
- Why email continues to be the channel of choice
- The difference between fully automated and human-operated campaigns
- How to decide whether or not to pay or not to pay the ransom
- Why your backups may not be immune to ransomware
- Addressing the threat with best practices

Speakers
- Nicole Hoffman, Intelligence Analyst, GroupSense
- Courtney Radke, CISO for National Retail, Fortinet
- Patrick Lee, Senior Incident Response Consultant, Rapid7

Big Game Hunting, the targeted large-scale ransomware campaign, is now regarded as the primary cyber threat to organizations across all sectors including financial, healthcare, and government in 2021. Leaking stolen data in an effort to pressure victims into paying is part of a broader trend across the BGH ecosystem. In the recent headlines, the ransomware operators go beyond the traditional dominance of Windows operating systems and now target VMware ESXi hypervisor. In this Ransomware Battleground, let’s look at how SPRITE SPIDER(Defray777 Ransomware) and CARBON SPIDER (Parkside Ransomware) operate in volume tactics. How do Cybercrime actors now back to use Linux variants of ransomware configured specifically to affect ESXi hosts?

In this talk, we will cover:
- What are Big Game Hunting tactics? And what did ransomware operator behavior change during Covid-19? (from POS to ESXi)
- How do you defend encrypting virtual infrastructure in your corporate network? Credential harvesting and payload ingesting?
- Why is Agentless Zero Trust Isolation and Ransomware Kill Switch the answer to stop Hypervisor "Jackpotting"?

CyberSocial IV: 

‘21 and Over!

2020 Threat Intel Recap and Look Ahead

Webinar on October 28th at 1:00 pm EDT

Webinar on October 21st at 10:00 am!

No one ever expects it to happen to them. But with ransomware and cybercrime on the rise, it’s more likely than ever to discover that ransomware has locked down your system and cybercriminals are holding your data hostage. Kurtis Minder, an expert ransomware negotiator, advises executive teams when their worst cybersecurity nightmares come to life. Join us for an interview with Kurtis as we discuss:

Please join us for insights on what your organization can do now and moving forward to proactively prevent fraud in these uncertain times. Our group of fraud experts will explore the risks posed by recent events with a focus on how fraud professionals can minimize risk through a series of tools and techniques, and help their organizations to keep going.