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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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Attacks On MSPs ‘Get Three’ Customers Instead Of One

The number of MSPs that have been hit with ransomware attacks has grown, he said, adding that if an MSP is hit, there’s a chance their customers can be hit as well. In 2019, 22 towns in Texas were hit, all at once, with ransomware that was reportedly spread using MSP tools. In late 2020, SolarWinds also fell victim after one of its tools was compromised in the SolarWinds Orion ransomware attack.

“We‘ve actually done a couple of significant rescues in the last couple of years where we’ve helped people that were providing many services recover themselves and their clients,” he said.

“From the MSP perspective just the sheer threat of ransomware, in themselves and in their customers, has been a really tough thing,” he said. “It‘s a constant conversation, it’s becoming more popular as far as the threat actors thinking, ‘Hey, great,, and if I hit somebody, I get three instead of one.’”

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