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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.
Participants
Phil Reiner
Panelist
Chief Executive Officer, Institute for Security and Technology and Ransomware Task Force
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