In this engaging discussion, Tom Hofmann, SVP of Intelligence at Flashpoint Intel, and Joel De La Garza, a security operating partner at A16Z, delve into the explosive growth of ransomware. They unpack how this cybercrime has transformed into a multibillion-dollar industry, detailing the intricate tactics used by ransomware groups. The duo explores links between cybercriminals and state powers and discusses the evolving landscape of cyber insurance. They also share vital recovery strategies for organizations targeted by these malicious attacks.