Ransomware: Evolution, Rise, and Response

In this SEI Podcast, Marisa Midler and Tim Shimeall, network defense analysts within the SEI's CERT Division, discuss the growing problem of ransomware including the rise of ransomware as a service threats. Ransom payments from Quarter 3 of 2019 were on average $42,000, and in Quarter 1 of 2020, that average increased $70,000 to $112,000. The volume of attacks also increased by 25 percent in Quarter 4 of 2019 and by another 25 percent in Quarter 1 of 2020. The sophistication of the attacks has increased alongside their severity. Midler and Shimeall discuss steps and strategies that organizations can adopt to minimize their exposure to the risks and threats associated with ransomware.