Why Incident Response Needs are Surging Amidst New Cyber Threats

Why Incident Response Needs are Surging Amidst New Cyber Threats

If 2021 was the year of Ransomware then 2022 definitely should be called the year of DeFi hacks. What I’m wondering is there any chance that 2023 can be the year Cyber Security teams take their revenge?  

In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by two experts from the Cyber Risk team at Kroll, Christopher Ballod (Managing Director) and Jaycee Roth (Associate Managing Director) about this possibility.

Chris and Jaycee walk us through the last 18 months of cyber incidents and ransomware and highlight the changing ransomware attack vectors and changes in the cyber insurance markets. We also learn that companies are getting better at protecting themselves and are becoming less likely to pay ransoms. 

* It is noted that Kroll is a Chainalysis partner.

Minute-by-minute episode breakdown

• (2:20) – Understanding the various industries Kroll is involved in and how they expanded into the cyber security and risk 
• (4:55) – When did cryptocurrency start playing a major role in incident response when dealing with cyber threat actors
• (11:04) –Start to finish. How does an incident response team respond to cyber threat emergencies
• (15:00) – Are companies getting better in 2022 at protecting themselves and their customer’s data against ransomware?
• (17:55) – What role does cyber insurance plans play in ransomware attacks and payouts
• (21 :40) – The shift of cyber attackers focus from business to personal hacking attempts
• (25:35) - Understanding where the vulnerabilities are in our personal and professional network
• (30:05) - 2023 Ransomware and Incident predictions and potential outcomes

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

• Website: Kroll: Risk and Financial Advisory Solutions
• Blog: Cyber Extortion Gets Personal– The Next Step in Email Compromises
• Blog: Q3 2022 Threat Landscape: Insider Threat, The Trojan Horse of 2022
• Blog: AvosLocker Ransomware Update: Backup Targeting and Defense Evasion Techniques
• Conference: Chainalysis Links Conference 2023 in New York City
• LinkedIn Post: Yolo Group is the first company to integrate Chainalysis products in the #igaming industry
• Twitter: Chainalysis Twitter: Building trust in blockchains
• Tik Tok: Newly launched Chainalysis Tik Tok page
• Youtube: Chainalysis Youtube page is completely revamped

Speakers on today’s episode

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
• Jaycee Roth (Associate Managing Director, Cyber Risk, Kroll)
• Christopher Ballod (Managing Director, Cyber Risk, Kroll)
  
  

*It is noted that Kroll is a Chainalysis partner. 

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