Ransomware as a service (RaaS) has made extortion more critical than ever. If ransomware actors can’t extort ransom payment from victims in “traditional” means, they have to focus on new ways of blackmailing. This doesn’t just mean stealing files and posting them on an extortion site — instead, ransomware actors have created a whole new extortion ecosystem. While the success of RaaS mimics the success of ransomware, a lot of the success of the RaaS model has to do with extortion. The reality is, the creation of the extortion ecosystem has created a symbiotic relationship between RaaS operators, the dark web forums they advertise on, security press, and security researchers.

In this session, Dmitry Smilyanets, expert threat intelligence analyst, and Allan Liska, expert ransomware researcher from the intelligence company Recorded Future share insight into how the growth of RaaS offerings has helped accelerate ransomware attacks, and what it means for your organization.

Topics covered include:

  • Different RaaS offerings and the tactics, techniques, and procedures (TTPs) employed
  • Current extortion schemes to look out for
  • Why every ransomware attack is a third-party attack
  • RaaS risk reduction best practices

Speaker:

ALLAN LISKA

Sr. Solutions Architect, Recorded Future Allan Liska is an intelligence analyst and solutions architect at Recorded Future. Allan has more than 15 years’ experience in information security and has worked as both a blue teamer and a red teamer for the intelligence community and the private sector and is one of the organizers of BSides Bordeaux. Allan has helped countless organizations improve their security posture using more effective and integrated intelligence. He is the author of The Practice of Network Security, Building an Intelligence-Led Security Program, and Securing NTP: A Quickstart Guide and the co-author of DNS Security: Defending the Domain Name System and Ransomware: Defending Against Digital Extortion.

Speaker:

DMITRY SMILYANETS

Expert Threat Intelligence Analyst, Recorded Future Mission-driven Russian-speaking Cyber Threat Intelligence Analyst with type A personality. Twenty years of experience and expertise in cybercrime activity that includes being a former member of an elite Russian-based hacking organization.

Moderator:

SEAN COSTIGAN

Professor, George C. Marshall European Center for Security Studies

Bio

A special thanks goes out to Recorded Future who helped conceive of this important conversation. Visit Recorded Future to learn how by combining persistent and pervasive automated data collection and analytics with human analysis, Recorded Future delivers intelligence that is timely, accurate, and actionable.


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