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From 2019 to 2020, cybercriminals got greedier and richer with ransomware. The average ransom payment nearly tripled (from $115,123 to $312,493), and the highest ransom payment (from $5 million to $10 million) and demand (from $15 million to $30 million) each doubled. This session discusses how the private and public sectors can work together to curtail ransomware. The session was pre-recorded on March 19 and as such does not touch on the Colonial Pipeline ransomware incident.
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Participants
Phil Reiner
Panelist
Chief Executive Officer, Institute for Security and Technology and Ransomware Task Force
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