Cloud Security Podcast by Google EP206 Paying the Price: Ransomware's Rising Stakes in the Cloud
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Jan 13, 2025 Ransomware is a growing threat, with evolving tactics that include data leaks and DDoS attacks. The podcast discusses the intricate business models of ransomware gangs, highlighting their aggressive extortion methods. Challenges specific to cloud environments are examined, stressing the importance of robust data governance. The ethical dilemma of whether to pay ransoms is a key topic, alongside practical advice for organizations to strengthen their defenses. Listeners gain insights into the interconnected roles of cyber insurance and corporate responsibility in combating this menace.
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Ransomware's Complexity
- Ransomware attacks represent a complex interplay of security, technology, culture, economics, and insurance.
- It's not merely malware but a mature criminal ecosystem.
Ransomware's PR Machine
- Ransomware has a public relations aspect, with attackers bragging about victims.
- This bragging serves as both a marketing tool and attracts recruits to ransomware-as-a-service.
The Ransomware Ecosystem
- Ransomware attacks involve an ecosystem, not just a single event.
- Initial access brokers, affiliates, ransomware operators, and developers all play distinct roles.