Prevention, detection and response strategies to ensure business continuity
and support attribution procedures
Webinar: 16:00-17:00 CET
Wednesday 30th June 2020
Crowdcast Webinar Platform
Free to attend for:
CISO CTO COO OT Security Lead IT Security Lead Head of SCADA Infrastructure Head of Substation Automation Head of Telecom Networks

Welcome to Combatting Ransomware Attacks

Ransomware attacks are the fastest growing form of cyberattack worldwide. With a 500% rise in ransomware attacks against industrial entities between 2018 and 2020, power grid cybersecurity leads have their work cut out getting on top of this ever changing, highly disruptive and hugely costly form of attack. The availability of more advanced encryption technologies, the rise in the value of cryptocurrency, the explosion of Ransomware-as-a-Service offerings on the dark web, and the sudden expansion of the victim pool through WFH and BYOD trends, has made ransomware attacks the go-to exploit for semi-skilled cybercriminals looking to maximise their ROI. As cybercriminals shift their attention away from low value ‘spray and pray’ targeting methods to higher value ‘big game hunting’ approaches, power grid cybersecurity and engineering teams must prepare now to fight a more ferocious and frequent cyber battle in the year ahead.

In this 60-minute webinar, we explore the factors fuelling the explosion of ransomware activity in the power grid environment, and examine the prevention, detection and response strategies that cybersecurity leads must employ to get ahead and stay ahead of the attackers. We consider how more reliable data backups can be created to support business continuity in the face of an attack, and how incident response strategies must transform to better support the attribution process, bring cybercriminals to justice, and deter future attacks.

When cybersecurity leaders get on top of their cyber hygiene, implement a reliable data backup strategy, develop a robust incident response procedure, refuse to pay the ransom, and pin their reputations to ‘fighting’ rather than ‘siding’ with cybercriminals, the power grid becomes unapproachable to thrill-seeking, havoc-wreaking, ROI-chasing cybercriminals!

Webinar Programme

16:00

Welcome address from the host

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Mandana White, CEO – Smart Grid Forums

16:05

Session 1: Understanding the factors driving the explosion of ransomware attacks worldwide and determining how these trends are likely to impact power grid operations in the next 2-3 years

Profiling Ransomware-as-a-Service offerings and understanding how this trend is paving the way for more ferocious and frequent ransomware attacks against more complex IT and OT converged environments
Reviewing the most recent and widely spread ransomware attacks and determining lessons learnt that can be applied to the power grid
Predicting how next generation malware is likely to impact OT environments and what power grid cybersecurity leads must do now to get ahead of the threat
16:15

Session 2: Developing a robust prevention, detection and response strategy against ransomware attacks in IT and OT converged smart utility environments

Leveraging advanced threat prevention techniques to build a multi-layered defence-in-depth technical strategy against ransomware attackers
Developing a highly reliable tamper proof data backup strategy to support business continuity in the event of a ransomware attack
Implementing a robust incident response strategy to support the attribution process with timely incident reporting
16:25

Session 3: Implementing the most effective technical solutions to guard against next generation ransomware attacks against the power grid

Investing in an extensive social engineering awareness programme to build a robust human firewall against ransomware threats
Maximising the effectiveness of threat prevention and detection solutions
Guarding IT and OT converged environments from the threat of next generation ransomware attacks
16:35

Q&A & Panel Debate

16:55

Closing remarks from the host

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Mandana White, CEO – Smart Grid Forums

17:00

Close of webinar