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Episode 134: Federal crypto and the Double Squeeze
CYBER24
English - June 22, 2021 10:00 - 32 minutes - 22 MB - ★★★★★ - 19 ratingsTech News News cybersecurity data privacy business hacking reputation management cyber law cyber insurance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode 133: Big Beefy Ransom Payout for JBS
Next Episode: Episode 135: Public tipping point on ransomware
Ransomware had been a growing issue for businesses for the past several years, growing exponentially in the past two years, particularly as the world made an abrupt shift to remote work during the pandemic.
As attacks become more prolific, more businesses countered by improving mothering security, most notably by having back-ups to allow them to get back online quickly.
But in a game of chess, every move triggers a counterattack and hackers have responded. It’s called a double-extortion scheme that is an elevated version of ransomware designed to ensure the hackers maintain leverage over their victims, whether they have a backup or not.
Panelists
Mike Hussey, Utah Department of Technology Services