Episode 11

Ransomware - The Cost Beyond Your Payment

In this episode, Sean Mahoney, Stanley Li and James Watson discuss the latest US Dept of Treasury advisory on potential sanctions risks for facilitating ransomware payments.

Why the OFAC (Office of Foreign Assets Control) is watching.

The rumour about why Garmin didn't engage with their ransomware attackers directly.

The importance of ESG - Environmental and Social Governance

Canadian Internet Registration Authority report says 90% of people will avoid companies that have been breached. 

The ethical dilemma - should hospitals pay ransomware?

The 3 things small and mid size businesses need to have in place to protect themselves from a Ransomware attack.

Ransomware used to be a 'last thought' from hackers after breaking into a network. Now its the primary source of 'easy money' for them.

The Hiscox report said 350 firms (16%) reported paying ransoms off the back of a malware or ransomware attack. Why the real numbers are much higher.

How researchers figured out how to put ransomware on a coffee maker.

There is good news.. why tools and open-source resources have never been more cost-effective to protect infrastructure from attackers.

The #1 cheapest way to protect yourself from hackers.

Sponsored by Netswitch Technology Management - netswitch.net

About the Podcast

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Cybersecurity Chronicles

About your hosts

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Stanley Li

➤WHO I HELP & WHAT I DO: I help organizations with <1000 users to manage the cyber risk to meet compliance & regulatory requirements in IT & Cybersecurity. SecurIA®- the proprietary Managed Detection & Response platform I developed for Netswitch & Securli, has proven to reduce cost, risk, & time for our clients.

➤MY STORY: For the past 20 years I’ve dedicated my life to building Netswitch in order to protect and secure our clients’ data & critical infrastructure from the ever-increasing threat of cyber-attacks.
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Sean Mahoney

What I Do: I help business leaders achieve cyber-risk compliance and enable business continuity without breaking their budget.

I deliver productive ways of leveraging technology to meet business requirements and drive cost savings. Integrating automated and machine learning systems into operations to improve efficiency utilizing data analytics for improving business visibility allowing for faster reactions to market dynamics. Experienced in translating the technical to non-technical audiences.
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James Watson

Agency owner, marketing consultant and sales automation expert. Founder of MoreResultsMarketing.com.