Ransomware and the Crypto Threat Landscape in 2024

Fresh off the stage of the Links Conference,  Ian Andrews (CMO, Chainalysis) speaks to Andrew Davis (General Counsel, Kivu Consulting), who presented in front of a packed house and shared insights about new ransomware strategies and how companies can better protect themselves.

Andrew discusses the evolving landscape of ransomware attacks and the challenges faced by victim organizations when deciding whether or not to make payment.

He shares the wide spectrum of new typologies, including  cyber extortion and data theft and how the major exploits of pharmacy payment processors and oil pipelines has attracted law enforcement to take swift action against ransomware groups.

Andrew also highlights the most common attack vectors and social engineering attack vectors, while presenting the new challenges that AI will have on deep fakes and image/video modifications used by ransomware attackers. 

Minute-by-minute episode breakdown

2 | Overflowing Interest in Cybersecurity at Chainalysis Links Conference 2024  

4 | Rise in cyber extortion and data theft and strategies for handling ransomware attacks

8 | Negotiating ransomware demands and law enforcement dynamics 

12 | Strategies and sanctions risks in ransomware payment decisions

17 | Ransomware attack disrupts major pharmacy companies, oil pipelines and casinos

21 | Debating the ban on ransomware payments and understanding Initial Access Brokers (IACs)

23 | The perils of reused passwords, account breaches and sophisticated fake recruiting attack vectors

28 | The evolving threat of AI and its role in sophisticated ransom attacks

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

• Website: Kivu: We fight cybercrime. We protect humanity
• Article: Can Organizations Still Pay Ransomware Demands?
• Article: Emerging Threat Alert: Drive-By-Compromise On The Rise As Gootloader Malware Exploits Seo Poisoning To Target Victims
• Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!)
• Blog:  Understanding Crypto Drainers
• Blog: Ransomware Payments Exceed $1 Billion in 2023, Hitting Record High After 2022 Decline
• YouTube: Chainalysis YouTube page
• Twitter: Chainalysis Twitter: Building trust in blockchain
• Tik Tok: Building trust in #blockchains among people, businesses, and governments
• Telegram: Chainalysis on Telegram

Speakers on today’s episode

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
• Andrew Davis (General Counsel, Kivu Consulting)

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