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Cyber Risk Masterclass Series

Do you have a ransomware response plan in place?


Ransomware response plans have never been more important with ransomware attacks intensifying in both in frequency and severity. Threat actors view ransomware as a lucrative business, and are shifting their attack focus to capitalise on the potential for large ransom payments

Within the current cyber threat landscape, we are seeing more targeted attacks on individual businesses, particularly within critical infrastructure industries as opposed to the scattergun approach that used to be popular with these threat actors. So what is the driver behind this change? The fact is that individual businesses are more likely to succumb to the demand of ransomware payments, highlighting that as ransomware becomes more sophisticated the more the attackers are driven by high returns.

In this masterclass, you will hear from:

  • Nicole Pallavicini – Managing Principal, Cyber, Marsh
  • John Moran – Partner, Clyde & Co
  • Reece Corbett-Wilkins – Special Counsel, Clyde & Co
  • Bill Siegel – CEO & Co-founder, Coveware

Speakers will delve into:

  • Common threat actors: how they access and steal data and the business interruption impact on business;
  • Insights on the payment of ransoms to state sponsored attackers and OFAC sanctions entities; and
  • Discussions on the thought process around the insurance policy, including to pay or not to pay, who makes the decision and what your policy covers you for

Watch the replay below. 

The information contained in this webinar is based on sources we believe reliable, but we do not guarantee its accuracy. This information provides only a general overview of subjects covered, is not intended to be taken as advice regarding any individual situation or as legal, tax, or accounting advice and should not be relied upon as such. Recipients of this webinar should consult their own insurance, legal, and other advisors regarding specific coverage and other issues.

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Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.