Assistant Vice President of Organizational Resilience, HUB International
The Future of Ransomware and Social Engineering
The threat of ransomware has risen with the increased existence of sensitive digital information. Businesses and individuals have experienced their computers and servers being seized by variations of ransomware that encrypt their data and hinder their computer accessibility, which can only be resolved with a decryption key upon payment of a ransom. Through any method of data hijacking, criminals are able to access privately held information through various intrusion techniques for financial gain.
Ransomware tactics have evolved, with the introduction of software that instead of requiring payment to free a compromised computer provides victims with the opportunity to obtain a key in exchange for compromising others. As the threat of ransomware has risen, so has the sophistication of the attacks, to include the use of social engineering techniques.
This presentation will explore the future of ransomware, the likely evolution of tactics, techniques and procedures over the next three to five years; better understand how these intrusions occur, how social engineering techniques are used to facilitate, perpetuate, and manage ransomware operations, strategies to prevent such exploitation, and appropriate responses and mitigation efforts in the event of an attack.