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10 ‘Horrifying’ Ransomware Trends And Best Prevention Methods: CISO

“Threat actors have gotten much more sophisticated and much more aggressive in their demands. Even if you hire a good negotiator to negotiate with threat actors, you‘re generally still settling for around one-third,” said Kevin McDonald, CISO and COO at Alvaka Networks.

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Technology Was Deployed Too Quickly

When the COVID-19 pandemic hit and everything went virtual, it was a rush to get remote workforces online. Whether it was working online or virtual school or simple communications, the need to deploy IT hardware and software surged. Cybersecurity, however, was often lagging behind.

“Technology deployed for remote services quickly was a lot of what has caused some of the ransom cases that we‘ve seen,” he said. “People quickly stood up an RDS server and didn’t put it behind a gateway and VPN and no two-factor [authentication] and next thing you know you’ve got a recipe for external penetration.

“The ransomware defense, prevention and rescue [business] has just been off the hook,” he added. “We had the best quarter we ever had in nearly 40 years in business.”

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