Cybercrime as-a-service , Endpoint Security , Fraud Management & Cybercrime

Analysis: Why Ransomware Gangs Getting Bigger Payoffs

Also: Incident Response Lessons; Amazon's Alexa Security Flaws
Analysis: Why Ransomware Gangs Getting Bigger Payoffs
Chart lists data exfiltration rates for three ransomware strains as tracked by ransomware incident response firm Coveware.

The latest edition of the ISMG Security Report analyzes why ransomware gangs continue to see bigger payoffs from their ransom-paying victims.

In this report, you'll hear (click on player beneath image to listen):

  • ISMG's Mathew Schwartz discuss why the average payment to ransomware gangs has risen to $178,000;
  • Attorney Sadia Mirza of Troutman Pepper, highlight key lessons to learn from Twitter's response in the wake of a recent hacking incident;
  • ISMG's Jeremy Kirk describe Amazon's Alexa security flaw that could have enabled hackers to access a user's voice history and personal information.

The ISMG Security Report appears on this and other ISMG websites on Fridays. Don't miss the Aug. 07 and Aug. 14 editions, which respectively discuss the hijacking of virtual court hearing for an alleged Twitter hacker and the monitoring of Barclay's employees.

Theme music for the ISMG Security Report is by Ithaca Audio under a Creative Commons license.




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