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Trend Micro CSO Warns of the Risks of Digital Extortion

July 05, 2018 / Sean Michael Kerner

After a 20-year career in the U.S Secret Service, Ed Cabrera joined Trend Micro in 2015, where he is now the chief cybersecurity officer, working with organizations to improve cybersecurity. Among the multiple challenges enterprises around the world face are ransomware and business email compromise (BEC) attacks, which represent more immediate risk than other forms of attacks that are not quickly monetized by attackers. In a video interview with eWEEK, Cabrera provides his insights on the modern landscape of digital extortion and what organizations can do to mitigate some of the risks. "Ransomware attacks have become much more pervasive and impactful," he said. Ransomware, according to Cabrera, is part of a larger trend, which he refers to as digital extortion. Such attacks are not limited to enterprises but can also affect industrial facilities as well and have a more immediate impact than regular malware. Digital extortion attacks are a real threat to operations, he said. &...