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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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‘You Can't Really Kill Chain Cryptocurrency’

The biggest challenge, he said, is cryptocurrency.

“In the business-to-business (B2B) world, a lot of the money is recovered if you move fast enough because they can kill chain bank money. You can‘t really kill chain cryptocurrency  without a lot of resource,” he said.

What he’s also seeing is threat actors breaking up and going out on their own.

“They break up for whatever reason, whether it‘s internal politics, their tools are not the greatest or there was a disagreement,” he said. “They’ll break up and stand up a new group and now you have two.”

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