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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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Crypto Leading To Ransomware As-A-Service

Threat actors have gotten so sophisticated with their work, tracking crypto exchanges and online marketplaces, that McDonald said some even offer ransomware as-a-service.

“I‘m not exaggerating when I say we’ve actually seen the help desk for these ransomware actors and it‘s better than some of the biggest companies in the world, it’s really high-quality service,” he said. “It just tells you how sophisticated they are. They actually have a number you call and they’ll help you if you’re struggling with decrypting now.

“If they take down command and control, where the decryption keys are held, while your stuff is encrypted, you‘re done,” he added. “You will not be able to decrypt because they shut down the servers that provide the interaction with the threat actor.”

 
 
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