Ransomware: Motive & Opportunity

Ransomware has rapidly become one of, if not the most serious global cybersecurity threat. This presentation provides a comprehensive overview of evolving ransomware trends, examining sophisticated tactics such as double extortion and the rise of Ransomware-as-a-Service (RaaS). These innovations have democratized cybercrime, allowing attackers of all skill levels to launch large-scale attacks.

The economy of ransomware has flourished due to cryptocurrencies and the creation of underground marketplaces. RaaS has turned ransomware into a highly profitable business model, with attacks increasingly targeting industries like healthcare, critical infrastructure, and government. This presentation explores the economic impact on organizations, including the high costs of ransom payments, operational downtime, and damage to reputation. Rising insurance premiums and legal liabilities further compound the long-term financial toll.

Motivations for ransomware attacks vary, with financial gain being the most common driver. However, geopolitical and ideological motives have also emerged, with state-sponsored and activist groups using ransomware to further their agendas. The presentation will also address the emergence of "ransomware for hire" and the role this plays in expanding the cybercriminal ecosystem.

By understanding the economic and motivational dynamics behind ransomware, participants will gain actionable insights to better protect their organizations from this growing threat.