Ransomware - Time to Decide - Will You or Won't You Pay? | An Infosecurity Europe 2024 Conversation with Jon Davies | On Location Coverage with Sean Martin and Marco Ciappelli

Guest: Jon Davies, Senior Director - Cyber Defence, News Corp

On LinkedIn | https://www.linkedin.com/in/drjondavies/

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Hosts: 

Sean Martin, Co-Founder at ITSPmagazine [@ITSPmagazine] and Host of Redefining CyberSecurity Podcast [@RedefiningCyber]

On ITSPmagazine | https://www.itspmagazine.com/sean-martin

Marco Ciappelli, Co-Founder at ITSPmagazine [@ITSPmagazine] and Host of Redefining Society Podcast

On ITSPmagazine | https://www.itspmagazine.com/itspmagazine-podcast-radio-hosts/marco-ciappelli

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Episode Notes

In this engaging episode of the On Location with Sean and Marco Podcast, hosts Sean Martin and Marco Ciappelli dive into the imminent Infosecurity Europe event with special guest Jon Davies, a Senior Director at NewsCorp. The conversation opens with Sean and Marco expressing their excitement about the event, especially focusing on Jon Davies' upcoming panel discussion on the controversial topic of ransomware payments.

Jon highlights the diverse perspectives that will be represented on his panel, including law enforcement, insurance sectors, and end consumers. This diversity aims to illuminate the complex landscape of ransomware and the regulations surrounding it. Jon explains how recent guidance from UK government bodies is prompting debate about whether ransomware payments should be made illegal, and the implications this could have on businesses and society at large.

The dialogue shifts towards the impact of ransomware on different sectors, particularly critical infrastructure and healthcare. Sean raises the ethical dilemma of whether companies responsible for essential services should pay ransoms to ensure continuity and safety, also touching on the broader societal implications and fiduciary responsibilities of publicly traded companies.

Jon shares an interesting anecdote about a unique ransomware tabletop activity where he collaborated with hostage negotiators to better understand how to navigate ransomware demands. This leads to an intriguing discussion about the human element in cyber negotiations and the potential benefits of leveraging negotiation tactics traditionally used in hostage situations.

Marco and Sean further explore the necessity of having a strategic response plan in place for ransomware attacks, emphasizing the stark contrast between the resources available to large corporations versus small businesses. Jon underscores the importance of having a playbook and a coordinated effort to report and manage cyber incidents effectively.

The conversation also touches on the role of insurance policies in cyber warfare, potential regulatory changes, and the need for a collective effort to combat ransomware. Jon argues for a balanced approach that includes technological investment, regulatory measures, and smart strategic planning.

As the episode wraps up, Sean and Marco express their eagerness to attend the panel and encourage listeners to stay tuned for further coverage of Infosecurity Europe. This episode offers a comprehensive look at the multifaceted issue of ransomware, providing valuable insights for businesses of all sizes.

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Resources

Learn more about InfoSecurity Europe 2024: https://itspm.ag/iseu24reg

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