Learn about ransomware attacks and how to calculate the impact of an attack on an organization.  

The costs of ransomware are high, but experts struggle to calculate the true impacts due to a lack of reporting requirements. Additionally, organizations affected by ransomware often do not want to discuss incidents for many reasons, ranging from legal to reputational to the distressing effects of being held to ransom. In this Studio 471, Jamie MacColl, a research fellow with the Royal United Services Institute, discusses a recent study, “The Scourge of Ransomware Victim Insights on Harms to Individuals, Organisations and Society.” The study sought to understand the impacts of ransomware on multiple levels, from the IT people on the front line through to civil society.

Participants:
Jamie MacColl, Research Fellow, Cyber Threats and Cyber Security, Royal United Services Institute for Defence and Security
Jeremy Kirk, Executive Editor, Cyber Threat Intelligence, Intel 471
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Learn cybercrime techniques with MITRE Corporation and see how their ATT&CK framework helps them protect their systems from cybercriminal groups. 

Over the last decade, the MITRE Corporation has grown its ATT&CK framework, which is a knowledge base of adversary behaviors that can help defenders in a variety of ways. MITRE has traditionally been focused on Advanced Persistent Threat (APT) groups but has been increasingly incorporating techniques and sub-techniques into ATT&CK that are used by cybercriminal groups. In this Studio 471, Patrick Howell O’Neill, who is a Lead Cyber Operations Analyst at MITRE, discusses these changes and why ATT&CK is useful to security professionals.

Participants:
Patrick Howell O’Neill, Lead Cyber Operations Analyst, MITRE Corporation
Jeremy Kirk, Executive Editor, Cyber Threat Intelligence, Intel 471
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Diana Selck-Paulson is the lead security researcher at Orange Cyberdefense, which is a managed security services provider that serves a worldwide client base. Her background in the social sciences as a criminologist with a specific focus on cybercrime has given her unique insight in the cybersecurity challenges facing organizations. In this episode of Studio 471, we discuss two areas where Orange Cyberdefense has produced unique research in its Security Navigator 2024 report: cyber extortion and hacktivism. We tackle whether cyber extortion can be deterred and also the deeper effects of hacktivism, which can eclipse technical disruptions.

Participants:
Diana Selck-Paulsson, Lead Security Researcher, Orange Cyberdefense
Jeremy Kirk, Executive Editor, Cyber Threat Intelligence, Intel 471
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Learn how to build your own cyber threat intelligence program that keeps stakeholders happy as well as understand the Cyber Threat Intelligence Capability Maturity Model. 

Starting a cyber threat intelligence program (CTI) prompts many questions: What intelligence is most useful? Where are the data sources? How can you satisfy stakeholders? And ultimately, how you demonstrate that a CTI program prevented security incidents? John Fokker, head of threat intelligence at Trellix, says that it possible to build effective CTI programs with smaller teams but stakeholder buy-in is important. In this episode of Studio 471, we also discuss the Cyber Threat Intelligence Capability Maturity Model (CTI CMM) which is a framework under development by CTI experts. The framework, due to be released later this year, aims to guide organizations to building more capable and mature CTI programs.

Participants:
John Fokker, Head of Threat Intelligence, Trellix
Jeremy Kirk, Executive Editor, Cyber Threat Intelligence, Intel 471
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If you’re the buyer of security products for a large company, how do you ensure that a product works as promised? Security software testing puts products such as firewalls, endpoint protection and intrusion detection systems through their paces. But security software testing has been a contentious area, with vendors sparring over results and occasional accusations of cheating. 

In this edition of Studio 471, Simon Edwards of SE Labs walks through how his company conducts ethical, realistic tests based on the cyber kill chain and MITRE ATT&CK, an index of attacker tactics, techniques and procedures.

Participants:
Simon Edwards, Founder and CEO, SE Labs
Jeremy Kirk, Executive Editor, Cyber Threat Intelligence, Intel 471
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Learn about how vulnerability management, the KEV list, and threat intelligence can help with patching. 

Patching remains one of the most difficult security tasks organizations face. Zero-day vulnerabilities may catch the headlines, but the truth is most organizations are caught out by n-day vulnerabilities where patches have been available for some time. The U.S. Cybersecurity and Infrastructure Security Agency has tried to simplify patching efforts by publishing the Known Exploited Vulnerabilities list, or KEV. The KEV is a list of vulnerabilities under active exploitation, and federal agencies have two weeks to patch ones on the list. In this edition of Studio 471, Patrick Garrity of Nucleus Security shares the effects of the KEV list across the security industry, his research into the KEV and how threat intelligence can guide patching efforts.

Participants:
Patrick Garrity, Researcher and Vice President of Marketing, Nucleus Security
Jeremy Kirk, Executive Editor, Cyber Threat Intelligence, Intel 471
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Listen to Mandiant's year review on ransomware and extortion and see how it impacts organizations and victims.  

Mandiant, which is now owned by Google Cloud, is one of the top-tier incident response and forensics firms. It has visibility into some of the most prominent intrusions, data breaches and ransomware attacks. In this edition of Studio 471, Mandiant CTO Charles Carmakal says half of all ransomware or extortion victims are paying ransoms. Sometimes that is to prevent the release of sensitive data, while others pay to speed up recovery – even if the organizations have backups. Carmakal says the Scattered Spider threat group is posing risks to organizations through its persistence and honed social engineering skills. But it’s not all gloom, and Carmakal says that organizations can discover their weaknesses by emulating real-world adversaries in attack simulations.

Participants:
Charles Carmakal, CTO, Mandiant, Google Cloud
Jeremy Kirk, Executive Editor, Cyber Threat Intelligence, Intel 471
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Learn about the Ransomware Task Force’s progress in combating cyber extortion, as Megan Stifel shares insights on strategies, ransom policies, and security improvements.

The Ransomware Task Force was created in 2021 to bring together government, private industry and civil society to create strategies to fight cybercriminal gangs extorting organizations. This year has been challenging with rising attacks, but Megan Stifel of the Institute for Security and Technology says progress is being made. In this edition of Studio 471, Megan discusses the future of the Ransomware Task Force, whether ransom payments should be banned and how organizations are strengthening baseline security.

Participants:
Megan Stifel, Chief Strategy Officer, Institute for Security and Technology
Jeremy Kirk, Executive Editor, Cyber Threat Intelligence, Intel 471
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In this video, learn about the evolution of ransomware attacks. 

Ransomware attacks have sharply increased in 2023, and payments to ransomware gangs and affiliates are nearing all-time highs. With law enforcement and governments sharply focused on disrupting and imposing costs on ransomware groups, why is ransomware stubbornly sticking around? In this edition of Studio 471, Jacqueline Burns Koven of Chainalysis discusses how ransomware is evolving and what challenges it poses for defenders.

Participants:

Jacqueline Burns Koven, Head of Cyber Threat Intelligence, Chainalysis
Jeremy Kirk, Executive Editor, Cyber Threat Intelligence, Intel 471
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Discover how strong authentication methods, such as biometric and device-based verification, can prevent credential reuse and significantly improve security against cybercriminal threats.

Access credentials and session tokens are among the most popular illicit digital products in underground digital marketplaces. The reuse of credentials is often the starting point that leads to a data breach and ransomware. But tying authentication to unspoofable factors – a person’s fingerprint, a device footprint – provides a much higher level of assurance that only legitimate users are accessing systems. This strong authentication provides higher security and a better user experience.

In this video, Brett Winterford of Okta and Intel 471’s Jeremy Kirk discuss strong authentication, paths to strengthening authentication, and what Intel 471 analysts observe around credential theft in the underground cybercriminal.

Participants:
Brett Winterford, Regional Chief Security Officer, APJ, Okta
Jeremy Kirk, Executive Editor, Cyber Threat Intelligence, Intel 471
----------

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