In this sobering tale, a harrowing ransomware attack unfolds, leaving an organization paralyzed and facing a daunting decision. With critical data encrypted and backups compromised, the organization finds itself in a dire predicament, highlighting the sobering realities of cyber threats and the importance of proactive cybersecurity measures.
Here is the verbatim discussion:
It was um like about a let's just say I'm not going to give you too many details but the story makes sense as I go through this like it was about a five million dollar requests they had they had they had encrypted all their data they had no access to anything their backups were were were encrypted they they had not done a good job of separating their backups and and they and they hadn't done a good job of a lot of people have backups but they have they don't test the backups and so the Bad actors get in and they actually encrypted the backups as well so they were kind of you know up GRE um they didn't want to pay they didn't want to pay they had cyber insurance and the and in the US the Cyber insurance company said look they came in they were this it's your decision it's always.
Speakers:
https://www.linkedin.com/in/danlohrmann/
Bikash Barai is credited for several innovations in the domain of Network Security and Anti-Spam Technologies and has multiple patents in USPTO. Fortune recognized Bikash among India’s Top 40 Business Leaders under the age of 40 (Fortune 40-under-40).Bikash is also an active speaker and has spoken at various forums like TiE, RSA Conference USA, TEDx etc.
Earlier he founded iViZ an IDG Ventures-backed company that was later acquired by Cigital and now Synopsys. iViZ was the first company in the world to take Ethical Hacking (or Penetration Testing) to the cloud.
https://twitter.com/bikashbarai1
https://www.linkedin.com/in/bikashbarai/
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