3rd Party Risk Management , Critical Infrastructure Security , Cybercrime

ISMG Editors’ Panel: The Rise of Quadruple Extortion Attacks

Discussion Also Tackles Kaseya Ransomware Decryption Key, Raising Enterprise Security Posture Anna Delaney (annamadeline) • September 24, 2021

Clockwise, from top left: Tom Field, Anna Delaney, Scott Ferguson and Doug Olenick

In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including the rise of quadruple extortion attacks employed by ransomware gangs, the FBI reportedly withholding the Kaseya ransomware decryption key for weeks, and raising security posture during a pandemic.

The editors - Tom Field, senior vice president, editorial; Anna Delaney, director, productions; Scott Ferguson, managing editor, GovInfoSecurity; and Doug Olenick, news editor - discuss:

Highlights from an interview with CISO Tammy Klotz of Covanta, who describes what it takes to establish a new role and raise security posture during a pandemic;
Key takeaways from this week's Homeland Security Committee hearing at the U.S. Senate, including questions about why the FBI reportedly withheld the Kaseya ransomware decryption key for weeks;
How NEW Cooperative Inc., an Iowa-based farm services co-op, has reportedly been targeted by the BlackMatter ransomware gang, which practices quadruple extortion and is demanding a $5.9 million payment from the organization.

The ISMG Editors' Panel runs weekly. Don't miss our previous installments, including the Sept. 10 edition discussing how ransomware affiliates change operators and the Sept. 22 edition discussing cyber insurers and ransomware response.