VMware Ransomware Defense - Modern Bank Heist 2022

Presented by

Elton Chew and Tom Kellermann

About this talk

There has been a fundamental restructuring of cybercrime cartels thanks to a booming dark web economy of scale. Financial and other institutions continue to find themselves on the front lines of evolving cyber threats. From market manipulation to ransomware, attacks have been escalating. With the resurgence of RATS, traditional crime syndicates have become loyal dark web customers given the well-funded ecosystem of readymade and available ransomware kits. The new Modern Bank Heists 2022 report provides a ground truth on the changing behaviour of cybercriminal cartels & the defensive shift of the financial sector. Tom Kellermann interviewed 130 financial security leaders and CISOs from around the world for the fifth edition of the Modern Bank Heists report. The report reveals that cybercrime cartels are targeting market strategies, taking over brokerage accounts, and island hopping into the banks. It reflects on the massive impact that the events of the past year have had, and continue to have, on financial institutions around the world. This year’s findings should serve as a warning to the financial and other sectors that attackers are moving from dwell to destruction. Join the conversation between Elton Chew - Senior Director APJ Networking, Security & Automation (Solution Engineering) and Tom Kellermann, author of the Modern Bank Heist 2022 report and Head of Cybersecurity Strategy at VMware where they discuss : • The key findings of the report • Proliferation of ransomware and resurgence of Remote Access Trojans (RATs) • Modern market manipulation • Island hoping and its stratagems • Defending against modern bank heists

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