Ransomware has become a serious issue for businesses across the United States with a 147 percent jump in attacks over the last two years. Businesses have adapted by adding cyber insurance policies to cover them – meaning helping them pay a ransom and get back to work. With the problem growing so fast, the Treasury Department is making a significant change, now threatening to fine companies that pay the ransom. It leaves businesses in a no-win situation, either paying a ransom and facing a government sanction or losing their data altogether.
In this episode of CYBER24, presented by VLCM, we talk with our panel of experts about the U.S. government’s new approach, how it will impact business and why it makes it more important than ever to avoid falling victim to ransomware.
Panelists:Matt Sorensen, Silicon Valley Bank
Dan Schuyler, VLCM
This episode of Cyber24 was sponsored in-part by Barracuda Sentinel. Sentinel detects threats that traditional email security systems can't. It integrates directly with Microsoft Office 365 APIs to detect attacks coming from both internal and external sources. It uses artificial intelligence to detect signs of malicious intent and deception within every email with virtually no IT administration required. Learn more at vlcm.com/barracuda-sentinel.
CYBER24 is a podcast and website designed to bridge the knowledge gap between cybersecurity experts, business leaders and policy makers. We talk with experts who share their knowledge in an easily understandable formate designed to arm public and private sector leaders with the information they need to protect their organizations.