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Defray Ransomware: A Sophisticated New Threat

Posted: September 6, 2017 to Cybersecurity.

Tags: Ransomware, Cryptocurrency, Bitcoin, Malware

Defray, which (ironically enough) means providing money to financially leverage a cost or expense, is also the name of a new, highly-targeted ransomware virus, focusing on victimizing such vulnerable industries as healthcare and education across the US and UK. The sophistication of the highly-customized spear-phishing emails, and the higher-than-average ransom of approximately $5000 in bitcoin, suggest a well-organized cybergang is most likely responsible for this new strain of malware.  They also use official company logos and Microsoft documents to trick the victims.  They are even providing their victims with email addresses and recommending BitMessage in order for the victims to receive more timely responses. In this increasingly sophisticated cyberwarfare, it is becoming even more important that companies be sure to ramp up employee cybersecurity training, which includes phishing attack tests, to ensure that the staff is applying what they are learning.

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About the Author

Craig Petronella, CEO and Founder of Petronella Technology Group
CEO, Founder & AI Architect, Petronella Technology Group

Craig Petronella founded Petronella Technology Group in 2002 and has spent more than 30 years working at the intersection of cybersecurity, AI, compliance, and digital forensics. He holds the CMMC Registered Practitioner credential (RP-1372) issued by the Cyber AB, is an NC Licensed Digital Forensics Examiner (License #604180-DFE), and completed MIT Professional Education programs in AI, Blockchain, and Cybersecurity. Craig also holds CompTIA Security+, CCNA, and Hyperledger certifications.

He is an Amazon #1 Best-Selling Author of 15+ books on cybersecurity and compliance, host of the Encrypted Ambition podcast (95+ episodes on Apple Podcasts, Spotify, and Amazon), and a cybersecurity keynote speaker with 200+ engagements at conferences, law firms, and corporate boardrooms. Craig serves as Contributing Editor for Cybersecurity at NC Triangle Attorney at Law Magazine and is a guest lecturer at NCCU School of Law. He has served as a digital forensics expert witness in federal and state court cases involving cybercrime, cryptocurrency fraud, SIM-swap attacks, and data breaches.

Under his leadership, Petronella Technology Group has served 2,500+ clients, maintained a zero-breach record among compliant clients, earned a BBB A+ rating every year since 2003, and been featured as a cybersecurity authority on CBS, ABC, NBC, FOX, and WRAL. The company leverages SOC 2 Type II certified platforms and specializes in AI implementation, managed cybersecurity, CMMC/HIPAA/SOC 2 compliance, and digital forensics for businesses across the United States.

CMMC-RP NC Licensed DFE MIT Certified CompTIA Security+ Expert Witness 15+ Books
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