Unintended Consequences of Ransomware

Over the last decade, ransomware attacks have grown year-over-year – sometimes doubling, or even quadrupling, in frequency. Ransomware is one of the most active and profound threats facing organizations of any size today, and these attacks can lead to crippling results. That said, many organizations are unprepared.

In this series, BlueVoyant experts examine ransomware from the perspective of five different stakeholders: threat actors and gangs; victim organizations; victim individuals; insurance brokers; and policymakers. We show how a combination of market forces, geopolitics, and novel legal and policy challenges combine to make ransomware so effective yet difficult to curb.

Key series highlights:

• Ransomware innovation and gangs behind them
• Impacted organizations: Response and challenges
• Fallout: Unsuspecting citizens’ rights
• Changing landscape: Insurance companies’ role
• Policies: The government’s involvement

The first part of the report focuses on ransomware gangs, their roles as threat actors, and the aftermath of executed attacks. Part two looks at Victim Organizations and how they deal with fallout; part three examines Victim Individuals and how easily they can be targeted by threat actors. The fourth report dives into insurance companies, the industry, and its reaction to rampant cybercrime, while the newly-released fifth part delves into policymakers and the hurdles they face.