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SpyTalk
Cyber Counterpunch
Jun 4, 2021
In this episode of SpyTalk, former US National Counterintelligence and Security Center Director, William Evanina, discusses the recent surge in ransomware attacks and suggests drastic measures for the US government to take, including threatening to pull out of the summit with Putin and showing the ability to shut down Russian infrastructure. The chapter also explores the evolving tactics of ransomware attacks, the need for international unity in addressing cyber threats, and the importance of CEOs prioritizing cybersecurity.
13:15
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Quick takeaways
- Ransomware attacks have evolved from merely locking computers to stealing valuable data, demanding ransom for its return.
- Businesses should shift their perspective on security and view it as an integral part of their mission, investing in robust security measures to protect against ransomware attacks.
Deep dives
Ransomware attacks on the rise
Ransomware attacks have become increasingly prevalent in recent years, particularly with the emergence of new groups in Eastern Europe. Initially, ransomware was used to lock computers and demand payment for unlocking them. However, now attackers are focusing on stealing valuable data and demanding ransom for its return. This shift has led to a significant increase in the amount of money paid to hackers, with businesses admitting payment totaling $350 million in 2020 alone. Many businesses have accepted paying ransoms as just another cost of doing business, but this approach exacerbates the problem.
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Discover
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