Ransomware has rapidly become the single largest cyber threat we face today and if the first half of 2021 was any indication, things are only going to get worse. Colonial Pipeline, Kia Motors, JBS Foods, Kaseya and CNA Financial have been some of the more notable, high-profile attacks this year. In the case of the Colonial Pipeline, the attack impacted over a dozen U.S. states and cost the company $5 million. Colonial Pipeline was able to recover ~$2.3M of the ransom, but that is often not the case. CNA Financial was not as fortunate and needed to pay an estimated $40 million to retrieve the encryption keys for their data. And ransom from the Kaseya attack, which impacted an estimated 800 to 1,500 businesses, is said to be in the range of $70M which would make it the largest ransom ever paid (should Kaseya decide to pay).
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