"We Wait, Because We Know You" - Inside the Ransomware Negotiation Economics

Organizations worldwide continue to face waves of digital extortion in the form of targeted ransomware. Digital extortion is therefore now classified as the most prominent form of cybercrime and the most devastating and pervasive threat to functioning IT environments. Currently, research on targeted ransomware activity primarily looks at how these attacks are carried out from a technical perspective. Little research has however focused on the economics behind digital extortions and digital extortion negotiation strategies using empirical methods.This session explores three main topics...

By: Pepijn Hack & Zong-Yu Wu

Full Abstract & Presentation Materials: https://www.blackhat.com/eu-21/briefings/schedule/#we-wait-because-we-know-you---inside-the-ransomware-negotiation-economics-24732