Date: May 25, 2018
Time: 10:00 am - 11:30 am CT
SBS Presenter: Chad Knutson
Description: Ransomware trends continue to rise at an alarming pace. Security company Carbon Black reported that ransomware sales on the DarkWeb increased 2,502% since 2016. It has been suggested that over $6 Million in Ransomware software was sold between cybercriminals. These sales are causing massive increases in fraud which the FBI estimates at around 6 Billion in losses, a dramatic increase over the previous year’s $24 Million. Specific case studies like FedEx have claimed a $300M loss in their 4th quarter 2017 financial report from ransomware infections.
Join us to recap the statistics related to ransomware and learn how to prepare for this growing threat. Numerous published best practices will be reviewed to assist our institutions to build stronger defenses. Lessons learned from case studies captured from real-world ransomware tragedies will be reflected on. More cases such as WannaCry, NotPetya, and Bad Rabbit will emerge and plague our institutions and members.
In this session we will review the following items to build our understanding of ransomware and how best to defend against it:
- Ransomware Trends
- How infections begin
- Common Strains
- Best Practices
- Lessons Learned
- Regulatory Guidance and Expectations
- Ransom Payment Methods
- Growing Cyber Extortion cases
- Free Ransomware Toolkit
Who should attend? Information Security Officer, IT Manager, Risk Officer, Internal Auditor, Board members, or other management team members looking to understand risks from Ransomware.
Presented in partnership with TTS.
Hacker Hour webinars are a series of free webinars hosted by SBS CyberSecurity. Unlike paid webinars, Hacker Hours are aimed to meet on a monthly basis to discuss cybersecurity issues and trends in an open format. Attendees are encouraged to join the conversation and get their questions answered. SBS will also offer products and services to help financial institutions with these specific issues.