Winning the War Against Ransomware

Ransomware is on the rise. What changed in 2021 that drove up ransomware demands and payouts? How can you protect your customers against attacks?

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Ransomware is on the rise. A study released by the Unit 42 security consulting group revealed the average ransomware payment climbed 82% from 2020 to 2021 to a record $570,000 in the first half of 2021. Among the dozens of cases that Unit 42 consultants reviewed in the first half of 2021, the average ransom demand was $5.3 million. That’s up 518% from the 2020 average of $847,000.

Adam Khan, VP of global security operations at Barracuda MSP, has more than 20 years of security experience and currently leads a global security team consisting of highly skilled blue, purple and red team members. In this episode, he answers several critical security questions MSPs need answers to, such as:

  1. What changed in 2021 that drove up ransomware demands and payouts?
  2. How can MSPs protect their customers against ransomware attacks?
  3. Which framework should MSPs build their security practices on (e.g., NIST, SOC2, CIS) and why?

Resources referenced in or associated with this episode: