Deep Instinct Weighs In on Ransomware, Promises Comprehensive Protection Guarantee and Warranty

Deep Instinct, a deep learning threat prevention platform provider, believes insurance backed by a warranty is the best way to raise the standards and expectations of cybersecurity solutions for organizations, and in the cases of the mass ransomware attacks on the US, our nation’s critical infrastructure.

In fact, they are paving the way for this with the industry's most comprehensive guarantee and a ransomware warranty that is three times higher than any other cybersecurity company – up to $3 million per company for a single breach.

We sat down with Chuck Everette, Director of Cybersecurity Advocacy at Deep Instinct to talk about the latest ransomware attacks and how deep learning can be a powerful tool in the cyber fight.

According to the 2021 Verizon DBIR report, ransomware appearances doubled the previous year’s rate. Why do you think this is?

More and more threat actors have found profits following successful double-extortion campaigns by not only holding encrypted systems for ransom but also doubling down and threatening to release stolen data publicly if additional ransom is not paid. Additionally, the Ransomware-as-a-Service (RaaS) and the Ransomware-as-a-Company (RaaC) tactics are picking up tremendous traction due to the massive ransoms paid by companies in just the first part of 2021.

As a result of these high-profile attacks, I predict the trend will continue to increase, ultimately tripling 2020 rates with higher ransoms being dem