A Brief History of Ransomware

Ransomware is not new, but the ransomware of today is very different from the ransomware of 1989. Today’s episode doubles as a history lesson, as Adam and Cristian look back at how a prolific global threat has evolved over the decades.

 

Gone are the days of malware arriving on floppy disks and victims waiting weeks to restore their systems in exchange for $200 ransom payments. “The early days of viruses were weird,” Adam points out. But much has changed since then. Several factors — the advent of cryptocurrency, the rise of enterprise targeting, and the shift to ransomware as a service — have caused the threat to transform. Today’s adversaries run ransomware like a business and collect hundreds of millions of dollars in payments.

 

The hosts reflect on the first ransomware to hit a business, the first to make news headlines, and the first major botnet operator to deploy ransomware, among other key events. Tune in for a discussion that spans years of ransomware evolution, highlights the key adversaries involved, and explains how businesses can defend themselves as the threat landscape continues to change.