This Week in Startups

The Growing Ransomware Threat: Targets, Insights, and Strategies with Halcyon's Jon Miller | E1877

Jan 9, 2024

55:53

Snipd AI

Cybersecurity expert Jon Miller joins the host to discuss ransomware attackers and their anonymity, proactive measures for startups, and the growing threat of hacking in global infrastructure.

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Quick takeaways

Ransomware attacks are increasing due to affiliate programs and advanced tools, making it difficult to trace and enforce consequences.

Artificial intelligence is used by both attackers and defenders in the cat-and-mouse game of ransomware attacks.

Maintaining robust cybersecurity measures and developing a comprehensive strategy is crucial to protect critical infrastructure.

Deep dives

Ransomware Attacks on the Rise

Ransomware attacks have become increasingly prevalent, with attackers using advanced tools and techniques to target businesses, hospitals, and critical infrastructure. These attacks are often carried out by affiliate programs, where individuals can join ransomware groups and utilize their tooling in exchange for a share of profits. The attacks typically begin with phishing emails and compromised credentials, allowing the attackers to gain access to systems and encrypt files. Payments are usually demanded in cryptocurrency, making it difficult to trace and enforce consequences. The lack of repercussions has fueled the growth of ransomware groups and the sophistication of their attacks.

Introduction

1min

Ransomware: Affiliates, Territories, and Payment Anonymity

9min

Remote Developer Hiring and Ransomware Negotiations

2min

Ransomware Tactics and Targeting

8min

Starting a Business Made Easy with Northwest Registered Agent and the Growing Threat of Ransomware

2min

Sophisticated Ransomware Attacks and the Importance of Backup Protection

8min

CISO Responsibilities, Bug Man, Ransom vs. Polite Requests, Encryption Concerns

4min

Quantum-Resistant Cryptography and Cybersecurity Practices for Startups

14min

The Growing Threat of Hacking in Global Infrastructure

8min

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Today’s show:

Jon Miller, CEO and Founder of halcyon joins Jason to discuss how ransomware attackers get away with it and stay anonymous (6:12), hacker markets, bounties, tools, and AI's role (16:20), proactive measures for startups to safeguard themselves (34:42), and more!

Timestamps:

(0:00) Jon from Halcyon joins host Jason.

(2:52) Delving into the renaissance of ransomware.

(6:12) How ransomware attackers get away with it and stay anonymous.

(8:27) Strategies for counteraction and policy implications.

(10:10) Scalable Path - Get 20% off your first month at http://www.scalablepath.com/twist

(11:31) 2023 ransomware attacks on MGM and Caesar's in Las Vegas.

(13:52) Halcyon's endpoint agent: a solution to thwart threats.

(16:20) Exploring hacker markets, bounties, tools, and AI's role.

(19:57) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist

(21:55) The effectiveness of multi-factor authentication and strong passwords.

(22:49) Comparing financial vs. espionage attacks and the Colonial Pipeline event.