What the Kidnapping and Ransom Economy Teaches Us About Ransomware
Explore the parallels between ransomware and real-world kidnapping in this 47-minute conference talk from AppSec EU 2017. Delve into the economic dynamics of both industries, examining how cyber-criminals profit from selling data back to victims. Learn about the future trajectory of ransomware and discover effective strategies to combat this growing threat. Gain insights into topics such as high-seas piracy prevention, kidnapping and ransom insurance, and the advantages ransomware has over traditional kidnapping. Understand the professionalization of ransomware campaigns, the emergence of specialized negotiators, and the role of cyber-insurance. Acquire practical advice on protecting against ransomware, including proper backup procedures, system recovery techniques, and the importance of following cyber-insurer guidance.