Recent attacks on the US’s Colonial Pipeline and Ireland’s public healthcare system have emphasised the scale and severity of the threat posed by ransomware. What policy interventions can help disrupt the ransomware ecosystem?
Ransomware attacks hold businesses and public services hostage and yield millions for the criminal groups behind them, as outlined in a recent RUSI report. With high rewards and relatively low costs, ransomware groups continue to operate with impunity and invest in developing more effective tactics and tools to maximise their returns.
What should be the response to demands for ransom payment? How can the private sector and law-enforcement agencies collaborate to track cryptocurrency payments and cash-outs? What role does cyber insurance play? Can lessons be learnt from the decades of experience on ransoms in the offline world?
RUSI has called for urgent policy intervention. This panel will assess current efforts – including the Ransomware Task Force – to tackle this growing threat and explore reasonable policy options for companies and governments to consider when faced with ransom demands.
Watch the event recording
- Jen Ellis, Vice President, Community and Public Affairs, Rapid7
- Simone Maini, Chief Executive Officer, Elliptic
- Ciaran Martin, Professor of Practice in the Management of Public Organisations, Blavatnik School of Government, University of Oxford
- Graeme Newman, Chief Innovation Officer, CFC Underwriting
- Misha Glenny, Journalist and Author
Moderator: Tom Keatinge, Director, Centre for Financial Crime and Security Studies, RUSI