What the Kidnapping and Ransom Economy Teaches Us About Ransomware

What the Kidnapping and Ransom Economy Teaches Us About Ransomware

OWASP Foundation via YouTube Direct link

KIDNAPPING & RANSOM INSURANCE

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4 of 8

KIDNAPPING & RANSOM INSURANCE

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What the Kidnapping and Ransom Economy Teaches Us About Ransomware

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  1. 1 Intro
  2. 2 JEREMIAH GROSSMAN CHIEF OF SECURITY STRATEGY WHAT THE KIDNAPPING & RANSOM ECONOMY TEACHES US ABOUT RANSOMWARE
  3. 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. 4 KIDNAPPING & RANSOM INSURANCE
  5. 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. 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. 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. 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…

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