Reimagine Your Company Operating Again After a Ransomware Attack -- The Lifecycle of a Ransomware Attack and Recovery
•
0 likes•97 views
Shawn Tuma, Co-Chair of Spencer Fane LLP's Data Privacy & Cybersecurity practice, presented on this topic at the 2020 Dallas Baptist University Reimagine Technology Conference course in Dallas, Texas on November 18, 2020.
Recommended
Recommended
More Related Content
What's hot
What's hot (10)
Similar to Reimagine Your Company Operating Again After a Ransomware Attack -- The Lifecycle of a Ransomware Attack and Recovery
Similar to Reimagine Your Company Operating Again After a Ransomware Attack -- The Lifecycle of a Ransomware Attack and Recovery (20)
More from Shawn Tuma
More from Shawn Tuma (18)
Recently uploaded
Recently uploaded (20)
Reimagine Your Company Operating Again After a Ransomware Attack -- The Lifecycle of a Ransomware Attack and Recovery
- 1. Spencer Fane LLP | spencerfane.com 1 Reimagine Your Company Operating Again After a Ransomware Attack Shawn E. Tuma Co-Chair, Data Privacy & Cybersecurity Practice Spencer Fane LLP
- 2. Spencer Fane LLP | spencerfane.com 2 Why a lawyer?
- 3. Spencer Fane LLP | spencerfane.com 3Credit: NASA’s Goddard Space Flight Center/Jeremy Schnittman
- 4. Spencer Fane LLP | spencerfane.com 4 Common business objections 1. We have an “IT Guy” 2. We have an “IT Company” 3. We are “compliant” 4. We have cyber insurance 5. We are not a large company (or, “tech” company) 6. Our data is not that valuable
- 5. Spencer Fane LLP | spencerfane.com 5
- 6. Spencer Fane LLP | spencerfane.com 6
- 7. Spencer Fane LLP | spencerfane.com 7
- 8. Spencer Fane LLP | spencerfane.com 8
- 9. Spencer Fane LLP | spencerfane.com 9
- 10. Spencer Fane LLP | spencerfane.com 10 Average Ransomware Payments Source: https://www.coveware.com/blog/q3-2020-ransomware-marketplace-report
- 11. Spencer Fane LLP | spencerfane.com 11 Company Size Distribution Source: https://www.coveware.com/blog/q3-2020-ransomware-marketplace-report
- 12. Spencer Fane LLP | spencerfane.com 12 Takeaway: Cybersecurity is no longer just an IT issue – it is an overall business risk issue – indeed, the ONE RISK...
- 13. Spencer Fane LLP | spencerfane.com 13 Initial Discovery Basic Intel + Activate IR Plan & Team Triage Security + Backups Security Experts Data Recovery + Restoration Forensic Examination Incident or Breach? After Action Review Most Common Causes Ransomware Lifecycle
- 14. Spencer Fane LLP | spencerfane.com 14 Source: https://www.coveware.com/blog/q3-2020-ransomware-marketplace-report
- 15. Spencer Fane LLP | spencerfane.com 15 Ransomware Timeline Hour 1 Initial Discovery Basic Intel Activate IR Plan & IR Team Triage Security + Backups Do Not Wipe Drives Do Not Communicate with TA < 12 Hours Notify Insurance Carrier Engage Security Experts Engage Data Recovery Experts Report to Law Enforcement Notify Key Business Partners Begin Data Recovery + Restoration Confirm Not Obvious “Breach” 12 – 72+ Hours Implement Interim Security Negotiate with Threat Actor OFAC Clearance Carrier Approval for Payment Begin Forensics Plan for PR and Potential Notification +8 Hours Confirm Proof of Life Payment Transaction Obtain Decryptor Test Decryptor +12 – 72+ Hours Begin Data Decryption Process Follow-up with TA if Problems Obtain Interim Signals from Forensics < 2 – 4+ Weeks Restoration of Operations After Action Review Implement Additional Security Complete Forensics & Obtain Report Determine Incident or Breach Notifications & Reporting if Breach 1 – 48 + Months Individual Notification Escalations Business Partner Escalations Regulatory Investigations Litigation
- 16. Spencer Fane LLP | spencerfane.com 16 Most Common Causes Source: https://www.coveware.com/blog/q3-2020-ransomware-marketplace-report
- 17. Spencer Fane LLP | spencerfane.com 17 Most Common Causes & Solutions • This is random – scanning web for Internet facing RDP access • Virtual Private Network (VPN) with Multifactor Authentication (MFA)RDP Access • Email phishing tool • Workforce training and simulated phishingPhishing • Install patches timely • No unsupported software Unpatched / Outdated Software • Multifactor Authentication (MFA) • Longer passphrasesPasswords • 3-2-1 Backup Process • Something comparable – you may end up with only your offline backup Backups, Backups, Backups!
- 18. Spencer Fane LLP | spencerfane.com 18 Shawn Tuma Co-Chair, Cybersecurity & Data Privacy Spencer Fane LLP 972.324.0317 stuma@spencerfane.com • 20+ Years of Cyber Law Experience • Practitioner Editor, Bloomberg BNA – Texas Cybersecurity & Data Privacy Law • Council Member, Southern Methodist University Cybersecurity Advisory • Board of Advisors, North Texas Cyber Forensics Lab • Policy Council, National Technology Security Coalition • Board of Advisors, Cyber Future Foundation • Cybersecurity & Data Privacy Law Trailblazers, National Law Journal (2016) • SuperLawyers Top 100 Lawyers in Dallas (2016) • SuperLawyers 2015-20 • Best Lawyers in Dallas 2014-20, D Magazine • Chair-Elect, Computer & Technology Section, State Bar of Texas • Privacy and Data Security Committee of the State Bar of Texas • College of the State Bar of Texas • Board of Directors, Collin County Bench Bar Conference • Past Chair, Civil Litigation & Appellate Section, Collin County Bar Association • Information Security Committee of the Section on Science & Technology Committee of the American Bar Association • North Texas Crime Commission, Cybercrime Committee & Infragard (FBI) • International Association of Privacy Professionals (IAPP)