Joe Partlow is currently the chief technology officer at ReliaQuest, an enterprise cybersecurity company. He has been involved with InfoSec in some capacity or role for over 15 years, mostly on the defensive side. Current projects include mobile and memory forensics, SIEM optimization, disaster recovery, and business continuity planning. Partlow has experience in many different business verticals, including e-commerce, healthcare, state/local government, and the Department of Defense.
Ransomware payouts have increased significantly over the past 12 months, as malware authors continue to innovate and cyber criminals outsource tasks to monetize operations more quickly. To compound this, the Treasury Department recently warned that firms that negotiate with ransomware extortionists could face steep fines from the U.S. federal government if the crooks who profit from the attack are already under economic sanctions. In response, we will see ransomware payments go underground in 2021 and beyond. Companies will take whatever measures necessary to regain access to critical systems and data to keep the business running, regardless of government regulations.16 July 2021