Outlawing payments will result in the abandonment of ransomware attacks.
By stopping the flow of money, we can demotivate cybercriminals who will shift to other activities that are more profitable than ransomware. We don’t need to stop all types of ransomware attacks and various maneuvers for every potential victim. It is better to dissuade attackers from committing attacks in the first place.
In today’s short video, I discuss the logic of how criminalizing ransomware payments will affect attackers to abandon these attacks. I break down how it works and what to expect.
More details on the full chain-reaction of criminalizing ransomware payments to end ransomware.
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Matthew Rosenquist is an industry-recognized pragmatic, passionate, and innovative strategic security expert with 28 years of experience. He thrives in challenging cybersecurity environments and in the face of ever shifting threats. A leader in identifying opportunities, driving industry change, and building mature security organizations, Matthew delivers capabilities for sustainable security postures. He has experience in protecting billions of dollars of corporate assets, consulting across industry verticals, understanding current and emerging risks, communicating opportunities, forging internal cooperation and executive buy-in, and developing practical strategies. Matthew is a trusted advisor, security expert, and evangelist for academia, businesses, and governments around the world. A public advocate for best-practices, and communicating the risks and opportunities emerging in cybersecurity. He delivers engaging keynotes, speeches, interviews, and consulting sessions at conferences and to audiences around the globe. He has attracted a large social following of security peers, is an active member on advisory boards, and quoted in news, magazines, and books. Matthew is a recognized industry expert, speaker, and leader who enjoys the pursuit of achieving optimal cybersecurity. Matthew Rosenquist is experienced in building world class teams and capabilities, managing security operations, evangelizing best-practices to the market, developing security products, and improving corporate security services.