#51: JC Herz on The Systemic Arbitrage of Ransomware

Coburn Ventures Podcast · May 20, 2021 · 17m

Two weeks ago, we all learned about the Colonial Oil pipeline ransomware attack on the East Coast of the United States. It was a high profile hit, but was then followed by an odd comment from the ransomware group saying in effect, “Sorry, we didn’t mean to actually disrupt the pipeline!” in other words, we’re here to be quiet and not make too much of a problem but we are still going to steal your money.

While we know conceptually that ransomware attacks are pervasive, we called JC Herz to get her deeper and experienced perspective. We know there has been a significant underspend in security…