DAY WEEKEND. IT DISCUSSES RICK
JORDAN WHO IS THE FOUNDER AND
CEO OF REACH OUT TO ACKNOWLEDGE
THE RICK THANKS FOR JOINING US
THIS MORNING HELP US BREAK THIS
DOWN AND
THE SIGNIFICANCE OF THIS
RANSOMWARE ATTACK AND IS THERE
A POSSIBILITY THAT THE 7 THE
MILLION DOLLARS MIGHT ACTUALLY
BE PAID.
>> YEAH, THANKS FOR HAVING ME
THE THE SOPHISTICATION OF THIS
ATTACK
IS NOT BEEN SEEN BEFORE EXCEPT
BY THE LIKES OF SOLARWINDS
SOLARWINDS WAS HACKED JUST A
LITTLE
WHILE AGO SAYAH AND SOLAR WINDS
OF THE SAME TYPES OF SOFTWARE
MEANING THAT MANAGED SERVICE
PROVIDER CYBERSECURITY THESE
SERVICE PROVIDERS YOU SAW FOR
LIKE TO TO MANAGE THEIR
CUSTOMERS AND ENFORCE SECURITY
POLICIES SO THINK OF IT LIKE A
PYRAMID. IT CAN SAY IS THAT THE
TOP AND RANSOMWARE IS INJECTED
THERE NOW IT STILL COMES DOWN
TO THE MIDDLE TIER WHICH IS
THAT THE M S P'S A MANAGED
SERVICE PROVIDERS WHICH THEN
GOES DOWN TO THESE 1500
BUSINESSES THAT WE KNOW HAVE
BEEN NOW HIT WORLDWIDE.
SO IT WAS A GREAT POINT A GREAT
ATTACK VECTOR TO HIT THE TOP
BECAUSE THEY KNEW THAT IT WAS
GOING TO BE LIKE THE SUPPLY
CHAIN DELIVERY THAT'S WHAT THE
TERM IS FOR THIS TO FILTER ALL
THE WAY DOWN TO THESE
BUSINESSES AND TO YOUR POINT IN
THE 70 MILLION I SAW SOME
TWEETS THAT THEY'VE REDUCED
THIS AND THEY'RE ALMOST
NEGOTIATING NOW DOWN TO
50 MILLION AND THAT'S FOR
UNIVERSAL DECRYPTOR WHICH MEANS
THIS WILL UNLOCK ALL OF THESE
BUSY THIS IS SO REAL IS TAKING
TO APPROACH US THEY'RE GOING
ONE SIDE SAYING WE'RE GOING TO
TRY TO GET 70 MILLION FROM IT
EVERYBODY THE OTHER SIDES ARE
STILL NEGOTIATING INDIVIDUALLY
WITH EACH OF THESE 1500
BUSINESSES TO PICK OFF MAYBE A
NEW WORK $50,000 TO 5 MILLION
EACH. OK AND SO.
>> IF I CAN MAKE THIS
PERSONAL FOR COMPANIES FIRST
AND FOREMOST BECAUSE CLEARLY
JUST THINKING ABOUT AND HAVING
TO NEGOTIATE
SOME OF THE RANSOM PAYMENTS AT
THIS POINT IN TIME CAN YOU BE A
COMPANY IN THIS AIR
WITHOUT HAVING
A CYBER SECURITY CRISIS PLAN IN
PLACE AT THIS POINT IN TIME AND
WHAT WOULD YOU RECOMMEND IN
THOSE INSTANCES SHOULD
ACCOMPANY FACE A SITUATION LIKE
THIS.
>> SURE THIS ATTACK WAS A
LITTLE DIFFERENT THAN MOST
RANSOMWARE AND SO
THIS CAN'T REALLY BE USES THE
TEMPLE. IT'S THE MOST
RANSOMWARE AS FAR AS WHAT TO DO
AFTER THE FACT THAT SOME
AMAZING POINT BECAUSE EVERYONE
TALKS
ABOUT PREVENTION. ONE THING I
ALWAYS EDUCATE ABOUT IS YOU
HAVE TO HAVE THE RESPONSE PLAN
IN PLACE BECAUSE YOU WILL BE
BREACHED AT SOME POINTS.
NO MATTER HOW GOOD YOUR SERVICE
PROVIDER IS NO MATTER HOW GOOD
YOUR PROTECTION IS
SE HAS AMAZING PROTECTION AND
LOOK THERE WERE BREACHED IT
HAPPENS IN THEIR RESPONSE HAS
BEEN INCREDIBLE BECAUSE THEY
HAVE THE PLAN IN PLACE
WITH THESE MIDDLE TIER MANAGED
SERVICE PROVIDERS AND THE SMALL
BUSINESSES LIKE EVEN LIKE A
GROCERY STORE CHAIN IN SWEDEN.
I WAS READING A 100 STORES.
THE RESPONSE PLAN WAS NOT WHAT
IT SHOULD HAVE BAD THE BEST
THING THE HAVE AND I KNOW THIS
IS GOING BACK
30 YEARS, BUT YOU HAVE TO HAVE
THE BEST POSSIBLE BACKUP THAT
EXISTS BECAUSE TYPICAL
RANSOMWARE ATTACKS THEY'VE
ALREADY HAD WHAT WE CALL
FOOTHOLD IN THIS INDUSTRY ON
YOUR SYSTEMS FOR SOMETIMES
MONTHS AT A TIME.
BEFORE THEY ACTUALLY FLIPPED
THE SWITCH TO TURN ON THE
RANSOMWARE SO YOU HAVE TO HAVE
AN AMAZING BACKUP TECHNOLOGY
THAT
GOES BACK AT LEAST A YEAR TO BE
ABLE TO RESTORE THAT DATA AND
GET YOU BACK TO FUNCTION
AGAINST YOU DON'T HAVE TO PAY
THAT RANSOM.
>> THE FBI BELIEVES THAT ARE
EVIL OR OR EVIL AS I BELIEVE
YOU MENTIONED WAS BEHIND THE
RANSOMWARE ATTACK LAST MONTH ON
GLOBAL MEAT PROCESSING GIANT
JBS YOU KNOW HOW DOES THE STYLE
OF ATTACK, THE DIFFERING THESE
CASES AS YOU'VE BEEN BREAKING
DOWN.
>> SURE THOSE THEY PICK OFF ONE
BY ONE THESE LARGER
CORPORATIONS, BUT NOW THEY'RE
GETTING MORE SOPHISTICATED SO
INSTEAD OF DOING LIKE A SPEAR
TYPE
RANSOMWARE ATTACK. THIS IS
CASTING A BROAD NET, THEY FOUND
SOMEONE LIKE TO SAY I TOOK THE
TEMPLATE FROM THE SOLARWINDS
ATTACK SO THAT THEY CAN
INFECT THOUSANDS WITH JUST ONE
SWOOP IT WAS A VERY GOOD PLAYER
FROM A STRATEGY PERSPECTIVE
VERSUS SOMEONE LIKE JBS THE JBS
THERE IN THE
MEATPACKING INDUSTRY. ITS
PRODUCTION ITS FOOD, SOME
ALERTS LIKE MANUFACTURING THE
SAD PART ABOUT THOSE SYSTEMS IS
THAT THEIR TIPS WE RUNNING
REALLY REALLY OUTDATED
COMPUTERS TO RUN THE
FACTORY MACHINERY THAT'S THE
STRUGGLE THAT JBS HAD THAT'S
THE STRUGGLE. A LOT OF
MANUFACTURING FIRMS HAVE ACROSS
THE COUNTRY ACROSS THE WORLD IS
THESE MACHINES THEY USE ARE
JUST RUNNING OUTDATED SOFTWARE
WHICH LEAVES THESE THE GATES
WIDE OPEN IT'S A LOT EASIER TO
DIVE INTO THEM INTO THIS
SOMEBODY LIKE TO SAY.
>> AND RICK WHILE WE HAVE YOU
LAST MONTH PRESIDENT BIDEN
MEMBERS RUSSIAN PRESIDENT I
PUT IN IT'S JUST CONSTANT
PRESSURE THE RUSSIAN LEADER TO
CONTROL CYBER CRIMINAL
OPERATION WITHIN HIS
BORDERS WITHIN THIS COUNTRY DO
YOU ANTICIPATE THAT THE U.S.
COULD HAVE A RESPONSE IN THIS
INSTANCE.
>> IF I WERE TO GIVE
MY OPINION ON THIS IT'S A
DEFINITION OF WHAT CRITICAL
INFRASTRUCTURE IS AND WHERE I
FEEL THAT THE PRESIDENT'S
MEETING WITH PUTIN DID
NOT GO FAR ENOUGH TO DO IS
ENGAGE IN A LIST OF SAYING
THESE ARE OFF-LIMITS WHY CAN'T
WE JUST SAY DON'T ATTACK US AT
ALL THERE'S NOTHING THAT'S THE
BIT THAT
YOU CAN GO AFTER THAT'S RIGHT
FEEL THIS IS BECAUSE IT'S YOU
LOOK AT THE THE OLD DAYS OF
GROUNDWORK FOR THIS IS CYBER
WARFARE KNOW THIS IS WHAT THE
THIS NATION
HAS TO WORRY ABOUT NOW RATHER
THAN NUCLEAR OR OTHER TYPES OF
WORK FOR THAT EXISTS THIS IS
THE MOST PROMINENT TYPE OF
WARFARE. SO WE NEED TO HAVE A
STRONG POSITION AND SAY YOU
KNOW WHAT THERE'S NOTHING
THAT'S OKAY WHEN IT COMES TO
CYBER ATTACKS.
>> WRIGHT EXTREMELY POWERFUL
CURRENCY OF ITS OWN AND SO
WE'RE SEEING THIS PLAY OUT