Ransomware is on the rise. A study released by the Unit 42 security consulting group revealed the average ransomware payment climbed 82% from 2020 to 2021 to a record $570,000 in the first half of 2021. Among the dozens of cases that Unit 42 consultants reviewed in the first half of 2021, the average ransom demand was $5.3 million. That’s up 518% from the 2020 average of $847,000.
Adam Khan, VP of global security operations at Barracuda MSP, has more than 20 years of security experience and currently leads a global security team consisting of highly skilled blue, purple and red team members. In this episode, he answers several critical security questions MSPs need answers to, such as:
- What changed in 2021 that drove up ransomware demands and payouts?
- How can MSPs protect their customers against ransomware attacks?
- Which framework should MSPs build their security practices on (e.g., NIST, SOC2, CIS) and why?
Resources referenced in or associated with this episode: