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Breaking Down a Ransomware Attack: Recent Observations, How Ransom Negotiations Work, and What You Need to Know

October 20, 2021
10:00 AM - 11:00 AM Central
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October 20, 2021
10:00 AM - 11:00 AM Central

From Colonial Pipeline to Acer to Kaseya, ransomware continues to dominate the headlines in 2021. These attacks have become more sophisticated, more costly and more harmful than ever due to the increased threat of cybercriminals stealing your organization’s (and your customer’s) sensitive information. Recent attacks have shown that no industry is immune and, with ransom demands soaring, the potential damage to financial institutions can be catastrophic. One of the big questions many have is should I pay the ransom, and for those considering doing so, how does that process work?

This webinar will provide an overview of current trends in ransomware attacks, including recent observations, a discussion of the ransomware negotiation process, considerations and legal factors relevant to determining whether to pay a ransom, what to expect during the negotiation process itself, and how ransoms are actually paid. The webinar will provide practical considerations all financial institutions should be considering as they develop processes and procedures on responding to ransomware threats. We will be joined by Mike Snader, Director of Counter Extortion and Threat Intelligence, and Matthew McCabe, General Counsel and Risk Officer, of Kivu Consulting one of the leading ransomware negotiation firms in the United States. 

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