Multi-Faceted Extortion: Insider Look at Ransom Payments and Cyber Defense

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Day 3 at RSA Conference 2022 was filled with fascinating discussions on enhancing our cyber defenses to defeat the ever-proliferating spate of increasingly common and expensive ransomware attacks.

First, the experts at Mandiant walked us through multi-faceted extortion and ransomware trends. Wondering what “multi-faceted extortion” is? Well, it’s a variety of tactics, often of a threatening harassing nature to ramp up the pressure on the victim to pay the ransom. Mandiant aptly called these “extortion accelerators” such as stealing data, threatening to sell the data, threatening to publicize the stolen data, reaching out to company leadership, regulators, or press to try to shame the victim into paying the ransom.