This Week in Startups

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

Jan 9, 2024
Guest
Jon Miller
Jon Miller, CEO and co-founder of Halcyon, discusses the alarming rise of ransomware and its evolving tactics. He reveals how attackers maintain anonymity and leverage AI, alongside the dark underbelly of hacker marketplaces. Jon emphasizes proactive measures startups can adopt for protection and dives deep into the implications of cryptocurrency in cybercrime. Listeners gain insights into the challenges facing businesses post-attack and the crucial role of security strategies in today's digital landscape.
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INSIGHT

Ransomware Affiliate Programs

  • Ransomware attacks are increasing due to affiliate programs and readily available toolkits.
  • These programs allow anyone to become a ransomware attacker by sharing profits with established groups.
INSIGHT

Cryptocurrency's Role in Ransomware

  • Cryptocurrency fuels ransomware attacks by simplifying anonymous payments.
  • Lack of consequences outside certain countries encourages attacks on critical infrastructure.
ADVICE

Preventing Ransomware Attacks

  • Implement robust endpoint security solutions to complement antivirus and EDR systems to help prevent ransomware.
  • Be aware of initial access brokers who sell entry points into corporate networks.
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