Secureworks: The State of Ransomware Economics
Cybercriminals are focused on maximising their return on investment for every network they gain access to. Ransomware attacks give them the opportunity to generate potentially tens of millions of dollars from a single intrusion. The ultimate cost to the victim can be even higher when factoring in operational downtime and recovery costs. With this threat constantly growing and evolving, it is vital for organisations to take steps to defend themselves. Ensuring you have a system in place that can not only respond to ransomware attacks, but also predict them, is the key to protecting your business.
Data-based extortion is directly affecting ransomware economics
In this podcast, Dr. Eric Cole, Founder and CEO of Secure Anchor Consulting, examines the state of ransomware economics and how the global, underground economy works. Joined by Mike Mclellan, a Director in the Secureworks Counter Threat Unit, the two share their perspectives on the preparation measures executives can take to protect their businesses from ransomware attacks. More specific discussion points include:
- A breakdown of the fundamentals of ransomware economics and an overview of the underground economy
- The increasingly important role of providers such as insurers and incident response firms, and their impact on the profitability of ransomware for perpetrators
- The effectiveness of ransomware-as-a-service in today's threat landscape
- How executives can best prepare and protect their companies from ransomware threats
- Types of behavioural changes we can expect to see over the next 6 months as cybercriminals upskill and evolve and what this means for the future of the enterprise
