Is encryption the key to avoiding ransomware attacks?

25/11/2021

From the first version published in the late ’80s to the current waves hitting both public and private critical infrastîruces worldwide, this computer attack has evolved into something concerning everyone from the US president to European SMEs.

Wherever we look, the recent figures on the impact of ransomware are staggering.

According to Comparitech, the US companies alone lost US &21bn in 2020, with an average estimated cost of $2 million per company. In Europe, law enforcement agencies get organised : Europol just announced ransomware-attacks-against-critical-infrastructure that 12 individuals have been targeted, who are believed to have affected over 1 800 victims in 71 countries. They were specialised in large corporations and effectively brought their business to a standstill. And the numbers are continuously and sharply on the rise, with 3 digit figures increase in 2020 compared to 2019.

So, are we going to stay idle? Is there some new technology that could protect our companies? What are the best practices to adopt if unfortunately, the attack has succeeded?

Our panel of speakers brings together feedbacks from Germany to Hungary for a multi-dimensional dialogue at the crossroads of technology, incident response, and compliance with regulatory obligations (GDPR and NIS Directive):

  • Heiko Brandenburg, Head of Software-Development Solutions S.A;
  • Sandor Feher, CEO of WhiteHat IT Security;
  • Dr. Greg Dzsinich, Attorney & Adjunct Professor at emlyon Business School,
  • Moderated by Gregory Wawszyniak Dumont, Stakeholders Manager of Encryption Europe.

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