On Thursday, September 9th, the MassTLC Security Community brought together a stellar panel lead by Debby Briggs, CISO at NETSCOUT, to share their own strategies for the exploding industry of ransomware.
That is correct, ransomware is an official industry, worth $20 billion in so far in 2021, and is continuing to prove that it is a viable (yet illegal) business model. Sam Curry, CSO at Cybereason, likened these groups to cartels, noting that “ransomware as a service is highly specialized with highly specialized roles.”
Oliver Tavakoli, CTO at Vectra, doubles down on the notion that companies need to prepare as far to left as boom as possible, because even if exfiltration and extraction of your data does not occur, the process of remediation and recovery can be costly and cause damage.
Rounding out the panel, Sonia Arista, VP & Global CISO & Compliance at Everbridge, spends time talking about educating executives and boards on decision making fundamentals such as digital extortion terms with your insurance plans, the corporate policy to paying ransoms, and an understanding of cryptocurrency.
Watch the full video here.