Andy Thomson, Global Research Advisor @ CyberArk Labs; Brandon "BT" Traffanstedt, Sr. Director, Global Technology Office
Ransomware is widely known to be one of the most pervasive and dangerous cyberthreats. Even though it has been around since 1989 it’s managed to become the fastest growing type of cybercrime during the COVID-19 pandemic.
Research firm Cybersecurity Ventures predicts that the global annual damage costs of ransomware to businesses will top $20 billion in 2021. Dynamic ransomware attacks can quickly spread throughout a company, impairing user productivity and disrupting business.
The first step in the fight against ransomware is to expose it – to explore the different strains, what they have in common and what it is that makes them unique. The team at CyberArk Labs analyzes 100s of new ransomware samples each day and in this webinar, Andy Thompson and Brandon Traffanstedt disclose their findings of evaluating more than 3 million samples to-date.
Here’s what is covered:
The surge and types of ransomware prevalent during the COVID-19 pandemic
How ransomware has evolved over the years to become such a formidable threat, including the role of Bitcoin
The kill-chain and path to encryption of today’s modern, dynamic ransomware
A review of mitigation strategies and recommendations