347: Geoff White – Ransomware Is a Business and It's Competing Against You

$1.5 billion stolen in one minute and 55 seconds. That's the record North Korea's Lazarus Group set with the Bybit hack, and it's a glimpse into how industrialised ransomware and crypto crime have become. You'll learn: • How to understand ransomware as a business model, not just a technical attack • Why treating gangs as competitors rather than villains changes your defensive strategy • How AI is reshaping social engineering, fraud and gang decision-making • Why you need a ransom decision plan in place before an attack, not after Timestamps: 05:19 How ransomware gangs industrialised into a full supply chain 07:31 What leaked Conti gang messages reveal about how it operated 09:44 Why defenders should treat ransomware gangs as business competitors 13:52 How AI is changing ransomware and supercharging fraud 17:03 How gangs launder billions through crypto and sanctioned exchanges 20:36 Why banning ransom payments creates more problems than it solves Subscribe for more expert insights on cybersecurity, leadership, and the future of digital business: https://isf.securityforum.org/l/65455... LEARN MORE ABOUT ISF The ISF is a leading authority on information security and risk management. Our research, practical tools and guidance are used by organisations to overcome the wide-ranging security challenges that impact their business today. Website: https://isf.securityforum.org/l/65455... LinkedIn: https://isf.securityforum.org/l/65455... Membership: https://isf.securityforum.org/l/65455... Research, tools & services: https://isf.securityforum.org/l/65455... Podcast: https://isf.securityforum.org/l/65455... #ISFPodcast #Ransomware #CyberCrime #CyberSecurity #AI #IncidentResponse #CISO