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Today’s Ransomware & FinServ: A Prescription for Stronger Defense

Today’s Ransomware & FinServ: A Prescription for Stronger Defense

72 hours. That’s how long organizations have to report known ransomware to the New York Department of Financial Services. Cybercriminals' methodology has changed from a quick, opportunistic attack to a prolonged and targeted approach. While this shift presents threat actors with the opportunity to spread wider and lay the foundation for a double extortion scheme, it also presents security teams with the opportunity to detect activity before the encryption trigger is pulled.

See Also: Expel: Firms Still Threatened by Old Vulnerabilities

We will explore how ransomware loitering allows security analysts to use network visibility, detection and response to discover malicious activity between initial compromise and encryption, including:

  • How threat actors rely on your network, and how you can use network visibility to your advantage;
  • The importance of inspecting encrypted traffic, the challenges of doing so, and the NSA’s guidelines on addressing those challenges;
  • How a new and innovative approach to network detection and response is transforming the SOC.

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