Episode 134: Federal crypto and the Double Squeeze Artwork

CYBER24

CYBER24 is a weekly podcast with one simple goal: to help business leaders and policy makers understand the often-intimidating subjects of cybersecurity and data privacy. Each week, our panel of rotating experts discusses the top cybersecurity issues and stories in the news. We decode the cybersecurity jargon to help you understand the complexities of cybersecurity and to help you ask the right questions of your IT and cybersecurity teams.

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Episode 134: Federal crypto and the Double Squeeze

June 22, 2021 • CYBER24 • Season 7 • Episode 134

0:00 | 32:03

Ransomware had been a growing issue for businesses for the past several years, growing exponentially in the past two years, particularly as the world made an abrupt shift to remote work during the pandemic.

As attacks become more prolific, more businesses countered by improving mothering security, most notably by having back-ups to allow them to get back online quickly.

But in a game of chess, every move triggers a counterattack and hackers have responded. It’s called a double-extortion scheme that is an elevated version of ransomware designed to ensure the hackers maintain leverage over their victims, whether they have a backup or not.

Panelists

Mike Hussey, Utah Department of Technology Services