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What the Kidnapping and Ransom Economy Teaches Us About Ransomware
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- 1 Intro
- 2 JEREMIAH GROSSMAN CHIEF OF SECURITY STRATEGY WHAT THE KIDNAPPING & RANSOM ECONOMY TEACHES US ABOUT RANSOMWARE
- 3 HIGH-SEAS PIRACY PREVENTION Armed private security guards on board ships Shippers harden vessels or take evasive action A change in Somalla at national and local level Pre-emptive action by combined …
- 4 KIDNAPPING & RANSOM INSURANCE
- 5 ALL KIDNAPPING INSURANCE IS EITHER WRITTEN OR REINSURED AT LLOYD'S OF LONDON. WITHIN THE LLOYD'S MARKET. THERE ARE ABOUT 20 FIRMS (OR "SYNDICATES") COMPETING FOR BUSINESS. THEY ALL CONDUCT RESOLUTION…
- 6 Ransomware requires far less upfront costs and logistics Ransomware is less risky for adversaries (attribution) Ransomware hostage (the data) is not a witness Ransomware scales Ransomware negotiation…
- 7 Ransomware campaigns increasingly professionalized and funded Emergence of professional ransomware negotiators Cyber-insurers require clients to keep ransomware policies secret Adversaries will incre…
- 8 Backups! Test your backups! (DO NOT destroy encrypted data) Fast system recovery via virtualization Patch, disable MS Office macros, etc Law enforcement investigate and arrest ransomware groups Forma…
