Ransomware: To Pay or Not to Pay?

Ransomware: To Pay or Not to Pay?

The Cybersecurity Vault — episode 32, with guest Ian Thornton Trump.

In this episode, we discuss one of the most divisive and contentious topics in cybersecurity — should victims of ransomware be allowed to pay the cybercriminals?

With the continuing rise of digital extortion, such as ransomware, the world has realized that typical security practices cannot keep pace and the impacts are threatening the critical infrastructure sector. That has significant ramifications to the security and safety of entire nations.

The idea of criminalizing digital extortion payments, to choke the money going to cybercriminals and thereby deter them, is a contentious idea that has the community polarized.

I welcome back Ian Thorton Trump, the CISO at Cyjax Limited and the CTO at Octopi Managed Services to constructively discuss a path forward to address the growing threat.

 

Ian’s LinkedIn profile: https://www.linkedin.com/in/ian-thornton-trump-cd-77473a26/

Follow Matthew on LinkedIn: https://www.linkedin.com/in/matthewrosenquist/

Visit Cybersecurity Insights at https://www.cybersecurityinsights.us

Subscribe to the Cybersecurity Insights channel: https://www.youtube.com/CybersecurityInsights

Votes: 0
E-mail me when people leave their comments –

CISO and Cybersecurity Strategist

You need to be a member of CISO Platform to add comments!

Join CISO Platform

Join The Community Discussion

CISO Platform

A global community of 5K+ Senior IT Security executives and 40K+ subscribers with the vision of meaningful collaboration, knowledge, and intelligence sharing to fight the growing cyber security threats.

Join CISO Community Share Your Knowledge (Post A Blog)
 

 

 

CISO Platform Talks : Security FireSide Chat With A Top CISO or equivalent (Monthly)

  • Description:

    CISO Platform Talks: Security Fireside Chat With a Top CISO

    Join us for the CISOPlatform Fireside Chat, a power-packed 30-minute virtual conversation where we bring together some of the brightest minds in cybersecurity to share strategic insights, real-world experiences, and emerging trends. This exclusive monthly session is designed for senior cybersecurity leaders looking to stay ahead in an ever-evolving landscape.

    We’ve had the privilege of…

  • Created by: Biswajit Banerjee
  • Tags: ciso, fireside chat

6 City Round Table On "New Guidelines & CISO Priorities for 2025" (Delhi, Mumbai, Bangalore, Pune, Chennai, Kolkata)

  • Description:

    We are pleased to invite you to an exclusive roundtable series hosted by CISO Platform in partnership with FireCompass. The roundtable will focus on "New Guidelines & CISO Priorities for 2025"

    Date: December 1st - December 31st 2025

    Venue: Delhi, Mumbai, Bangalore, Pune, Chennai, Kolkata

    >> Register Here

  • Created by: Biswajit Banerjee

Fireside Chat With Sandro Bucchianeri (Group Chief Security Officer at National Australia Bank Ltd.)

  • Description:

    We’re excited to bring you an insightful fireside chat with Sandro Bucchianeri (Group Chief Security Officer at National Australia Bank Ltd.) and Erik Laird (Vice President - North America, FireCompass). 

    About Sandro:

    Sandro Bucchianeri is an award-winning global cybersecurity leader with over 25…

  • Created by: Biswajit Banerjee
  • Tags: ciso, sandro bucchianeri, nab