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How Ransomware Sanctions Can Affect Cyber Insurance

Mar 2, 2023 By Razorthorn In Razorthorn
With the rise of ransomware attacks on public and private sector organizations, insurance companies have been forced to pay large sums of money to cover the cost of these attacks. However, with UK legislation on ransomware sanctions that prevents them from paying ransomware, insurers will no longer be expected to pay out for these types of attacks. Connect with Your host James Rees Hello, I am James Rees, the host of the Razorwire podcast. This podcast brings you insights from leading cyber security professionals who dedicate their careers to making a hacker’s life that much more difficult.
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threatspike

Lockbit Ransomware Gang - Longevity or Downfall?

Mar 2, 2023 By Chandler Geary In ThreatSpike

High-profile ransomware attacks against large businesses and governments have become increasingly popular. They typically occupy news headlines on a monthly basis. As of writing, the most recent, high-profile attack was launched against Porsche, South Africa, where IT systems and some backups were impacted by ransomware from an unknown attacker. The gangs that perpetrate these attacks typically have carefully-crafted, large public personas and engage in significant posturing.

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Negotiating with Ransomware Actors: Why it's a Business Deal

Mar 1, 2023 By Razorthorn In Razorthorn
When dealing with ransomware actors, people tend to forget that it is essentially a business negotiation. Although these actors may not be the nicest people, their goal is to make money and have you pay up. In this video, we discuss how going in with a confrontational attitude may not be the best approach. Some ransomware groups behave like gamer forum groups, using similar language and tactics, while others are more professional and skilled in negotiation. It's important to do your homework and understand that these actors may already know how much you're insured for.
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Why Ransomware is Not Just a Technical or Insider Risk Problem

Feb 28, 2023 By Razorthorn In Razorthorn
In this video, we explore why ransomware is not just a technical or insider risk problem, but a larger issue with how we approach technology and economic factors. With multiple parties involved, it is difficult to get a handle on this prevalent issue. However, we discuss what organizations can do preemptively to protect themselves and have a stronger negotiation position against ransomware actors.
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Ransomware Sanctions: Exploring the Fallout | Razorwire Podcast

Feb 28, 2023 By Razorthorn In Razorthorn
In this podcast episode, Jamie Hayward, Tom Mills, Michael Aguilera and I explore the perplexing irony of the UK government's recent proposal to ban payments to Russian ransomware groups. We debate the ethical, legal and financial implications of such a move and challenge organisations to pre-emptively defend against cyber attacks. "The best way to defeat exfiltration of your data - one of the best ways, there's a few - is using encryption." - Jamie Hayward
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Arctic Wolf

Why Do Organizations Pay Ransom During a Ransomware Attack?

Feb 28, 2023 By Arctic Wolf In Arctic Wolf
Once again, Arctic Wolf has taken the temperature of organizations across the globe to determine how the cybersecurity landscape of 2022 is shaping their 2023 concerns and actions. While the survey covered a number of topics, one stood out: ransomware. 48% of organizations ranked ransomware as their number one concern for the coming year. While that’s down from 70% in 2022, it doesn’t mean that ransomware is going away.
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netskope

Why Organisations Must Get to Grips With Cloud Delivered Malware

Feb 28, 2023 By Richard Davis In Netskope

Netskope has just published the Monthly Threat Report for February, with this month’s report focused on what is going on in Europe. I don’t intend to summarise the report in this blog, instead I want to zoom in and study a continuing trend that was highlighted in there; one that is unfortunately heading in the wrong direction.

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Negotiating with Ransomware: 3 Critical Factors to Consider

Feb 27, 2023 By Razorthorn In Razorthorn
Ransomware attacks are becoming increasingly common, and it's not a matter of if, but when, you'll be targeted. When faced with a ransomware attack, it's crucial to have a plan in place, and that starts with understanding the threat you're up against. In this video, we discuss the three critical factors to consider before negotiating with ransomware attackers.
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