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Contrary to popular belief, a new report out of the UK shows that cyber insurers don't drive up the cost of ransom payments. The report by RUSI states that cyber insurance is not fueling the ransomware epidemic or instilling any ransom discipline. 

Article originally posted on SC Media

In a recent article published in SC Magazine, author Jon Gold explores why the size of a cyber criminal organization is a key factor in determining its success. Gold cites GroupSense CEO Kurtis Minder, who believes that the larger the organization, the more successful it will be due to its ability to specialize and delegate tasks.

Kurtis Minder, GroupSense CEO, was featured in a March 27 article by the Washington Post. The article reports that some of Twitter's source code has been leaked online by a user known as "FreeSpeechEnthusiast," according to a legal filing by Twitter that is seeking to identify the leaker.

GroupSense CEO Kurtis Minder was featured in the Tuesday, March 14 issue of the Axios Codebook Newsletter. The "1 big thing" section is focused on the increasing threat posed by ransomware gangs and their extreme blackmail tactics. These cyber criminals have been fine-tuning their strategies to maximize their profits and inflict more damage on their victims. Ransomware attacks involve the use of malware that encrypts a victim's files, making them inaccessible until a ransom is paid. The attackers typically demand payment in cryptocurrency, making it difficult to track the money and identify the criminals.

Ransomware gangs have evolved their tactics, not only encrypting victims' files but also stealing sensitive data before locking it down. This technique is called "double extortion," where the criminals threaten to publish or sell the data if the ransom is not paid. The gangs are also targeting larger organizations and demanding higher ransoms, with some demanding payments of up to $50 million.

The section also highlights Kurtis' contributions to the fight against ransomware. He has been a vocal advocate for proactive measures to prevent ransomware attacks, including monitoring networks for signs of an attack and training employees to recognize phishing and social engineering tactics commonly used by ransomware gangs. For many organizations, these measures can prevent cyber attacks and ransomware attacks.

Kurtis' expertise in ransomware has led him to create a "Ransomware Task Force" that includes experts from both the public and private sectors. The task force's goal is to develop a comprehensive strategy to combat ransomware, including prevention, response, and recovery measures. The task force has already published a report with recommendations for improving ransomware defenses, and Kurtis has been actively promoting these recommendations to policymakers and business leaders. Check out the full newsletter here.

Last week, GroupSense CEO Kurtis Minder was featured on the BBC 4 news program You and Yours. The presenter, Winifred Robinson, spoke about the effect of the Royal Mail ransomware attack with UK citizens and discussed the severity of the attack with Kurtis.

Ransomware gangs have increasingly focused their attacks on the K-12 education sector, even though most school districts do not pay the ransom. But how long will that last? GroupSense CEO Kurtis Minder was featured in a recent TechTarget article exploring the trend of ransomware attacks on education institutions. 

Cyber criminals have a longstanding reputation of being loners who work out of their mom's basement with hoodies on, but cyber analysts know this isn't the case. Over the last decade, cyber experts have observed an uptick of cyber crime-as-a-service, in which criminals operate in larger, business-like crime units. But what if cyber criminals have a personality profile that organizations can look out for?

Report Notes Digital Risk Protection Services Market is Driven by Increasing Need to Have Visibility Into External-facing Assets to Help Prioritize Mitigation and Remediation Efforts

ARLINGTON, Va. – December 13, 2022 – GroupSense, a digital risk protection services (DRPS) company, today announced that Gartner, a company that delivers actionable, objective insight to executives and their teams, has recognized the company as a Sample Vendor in the 2022 Emerging Tech Impact Radar: Security report. This specific report aims to track some of the more impactful emerging technologies and trends driving innovation in the security market, including DRPS.