Extorting Ransomware Victims
Companies have begun thinking more seriously about their exposure in relation to a ransomware attack both from a brand and liability perspective, according to Fidelis Cybersecurity President and CEO Anup Ghosh. Businesses face potential liability from the leaking of customer data as well as potential brand damage if the exposed data casts the company in an unfavorable or embarrassing light, Ghosh said.
Specifically, Ghosh said internal emails and trade secrets can be very sensitive and cause significant harm to an organization if they’re publicly disclosed. By taking advantage of the victims fear and emotion, Ghosh said hackers can strongarm organizations into paying a ransom and avoiding the public spotlight.
It’s important for customers to have a comprehensive view across their endpoint, network and cloud to maintain visibility into the high-profile attacks that have been seen recently, according to Ghosh. He’d also like to see the federal government play a role in3 helping private sector organizations respond to ransomware attacks against critical infrastructure.