Bitcoin has facilitated a new business model for ransomware by making it easier for threat actors to collect money after an attack, and by keeping them anonymous with blockchain technology. Most people in the security industry would reason you should never pay a ransom demand, but many organizations are holding bitcoin wallets as part of their ransomware contingency plan.
In this episode of the InSecurity podcast, host Shaun Walsh is joined by special guest Michael Gough as they discuss how organizations are planning for ransomware attacks and what happens behind the scenes of a ransomware incident.
About Michael Gough
Michael Gough (@MichaelGoughTX) is a seasoned computer security specialist for Fortune 500 accounts helping in Security Architecture, Security Process, Incident Response, Malware Discovery, Auditing and Assessments as well as security solutions creation.
About Shaun Walsh
Shaun Walsh (@cingulus) leads Cylance’s global marketing strategy, channels, campaigns, digital marketing and communications efforts. Prior to joining Cylance, Shaun served as VP of Corporate Marketing and GM of the Ethernet business unit at QLogic, and previously served as the SVP of Marketing and Corporate Development at Emulex.
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*** This is a Security Bloggers Network syndicated blog from Cylance Blog authored by Cylance Podcasts. Read the original post at: https://threatmatrix.cylance.com/en_us/home/insecurity-michael-gough-on-negotiating-a-ransomware-demand.html