November Chapter Meeting

Presenter: Sean Deuby, Director of Services, Semperis

Title: Ransomware, Risk, and Recovery:​ Is Your Disaster Recovery Strategy Ready for Today's Threats?

Abstract: Disaster Recovery (DR) strategies have traditionally focused on natural disasters, then expanded into other physical events such as terrorism. Today, cyber weaponization is everywhere, and the "extinction event" is a genuine threat with no respect for geographic boundaries.

In 2017 the NotPetya ransomware attack impacted Maersk worldwide in under 10 minutes and cost the company over $300M. The 2018 Winter Olympics were hit by a targeted cyber attack. Ransomware attacks have become commonplace. Cyber risk directly correlates to business risk. And cyber disasters strike more frequently with broader impact than their physical counterparts. Thus, modern DR strategies must prioritize cyber scenarios.

Takeaways

•Denial-of-availability malware is now the #1 risk to business operations