In this video, we explore the economics behind ransomware and how it has been democratized through the use of cryptocurrencies like Bitcoin. While the recent breach affecting multiple companies is concerning, the real interesting aspect is the commercial, professional cybercrime as a service economy that has emerged as a result. We discuss how the ability to monetize ransomware has led to its rise and how alternative forms of payment like Amazon vouchers were previously used before the widespread adoption of cryptocurrencies. It's not just about the technology aspect - the economics behind ransomware are equally fascinating.

Watch the full video "How To Negotiate With Ransomware Groups and Hackers" https://youtu.be/5GZo2Ld5uIs

GUEST BIOS

Richard Cassidy

Richard Cassidy has been consulting to businesses on cyber security strategies and programs for more than two decades, working across highly regulated industries including finance, insurance, retail, manufacturing, government and military. During his career Richard has been heavily engaged in the design and implementation of infrastructure & cyber security solutions, helping organisations in evolving security, compliance, risk management, data assurance, automation, orchestration & breach response practices.
Combining hands-on experience with the technologies and services that have evolved over the past two decades, with a detailed perspective on end-user security risks, Richard focuses on delivering thought leadership tracks that help decision-makers define practical security, compliance and data assurance strategies. He is well versed in showing organisations how to better navigate a highly complex and automated threat landscape, in tandem with achieving (and maintaining) regulatory, compliance and data assurance mandates that business leaders face in today’s technology landscape.
Richard is an active industry contributor, regularly delivering speaker sessions at events including SANS, BlackHat, IP Expo, InfoSec, FSISAC and security seminars EMEA-wide, not least many article publications in the arena of cybersecurity, compliance, industrial control and emerging technology matters.

Oliver Rochford

Oliver Rochford has worked in cyber security as a penetration tester, consultant, researcher, and industry analyst for over 20 years. Interviewed, cited, and quoted by media, think tanks, and academia, he has written for Securityweek, CSO Online, and Dark Reading. While working at Gartner, he co-named the Security Orchestration, Automation and Response (SOAR) market, worked on the SIEM Magic Quadrant, and also covered the European MSSP Market. Prior to joining Securonix, Oliver worked for Qualys, Verizon, Gartner, Tenable, and Securonix. Oliver is Chief Furitist at Tenzir, where he works on product strategy and marketing.

Connect with Your host James Rees

Hello, I am James Rees, the host of the Razorwire podcast. This podcast brings you insights from leading cyber security professionals who dedicate their careers to making a hacker’s life that much more difficult.

Our guests bring you experience and expertise from a range of disciplines and from different career stages. We give you various viewpoints for improving your cyber security – from seasoned professionals with years of experience, triumphs and lessons learned under their belt, to those in relatively early stages of their careers offering fresh eyes and new insights.

If you need consultation, visit www.razorthorn.com, We give our clients a personalised, integrated approach to information security, driven by our belief in quality and discretion.

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Twitter: @RazorThornLTD

Website: www.razorthorn.com

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