Josh Davies explains that ransomware attacks have evolved significantly over time. Initially, attackers would infiltrate networks, seize control of numerous machines, and deploy payloads to encrypt them, rendering them unusable and disrupting business operations. He recalls past incidents like the Travelex breach, where companies had to resort to manual processes while recovering from the attack.
However, the impact of such attacks was primarily limited to downtime and recovery efforts. Over time, the sophistication and frequency of ransomware attacks have increased. This escalation is attributed to the fact that victims often paid the ransom, allowing attackers to monetize their efforts. Consequently, ransomware has become a lucrative business model, prompting attackers to reinvest their earnings to enhance their capabilities. This has led to the emergence of specialized ransomware groups, making the threat more formidable. Watch the full episode: • What's The Best Defens...