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Subject: Ransomware

Three Places to Start in Defending Against Ransomware

Three Places to Start in Defending Against Ransomware

• SEI Blog
Tim Shimeall

Ransomware is an active and growing threat, affecting many government agencies and private companies. Costs of a ransomware attack (including loss of capability, restoration of data, preventing further attacks, and cleaning up the damage due to the ransomware) frequently run from hundreds of thousands to millions of dollars, over and above any payment of ransom, which is not recommended and may open the organization up to sanctions. Organizations wanting to avoid this damage face a...

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Ransomware as a Service (RaaS) Threats

Ransomware as a Service (RaaS) Threats

• SEI Blog
Marisa Midler

Ransomware continues to be a severe threat to organizations, and the threat is growing. Ransomware attacks are on the rise and a report from the Beazley Group shows ransomware attacks have increased by 25 percent from Q4 2019 to Q1 2020. The monetary value of the average ransom payment has also significantly increased. From Q3 2019 to Q4 2019 the average ransom payment increased from $41,198 to $84,116, a 104 percent increase according to a...

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Ransomware: Best Practices for Prevention and Response

Ransomware: Best Practices for Prevention and Response

• SEI Blog
Alexander Volynkin

This blog post is coauthored by Jose Morales and Angela Horneman. On May 12, 2017, in the course of a day, the WannaCry ransomware attack infected nearly a quarter million computers. WannaCry is the latest in a growing number of ransomware attacks where, instead of stealing data, cyber criminals hold data hostage and demand a ransom payment. WannaCry was perhaps the largest ransomware attack to date, taking over a wide swath of global computers from...

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