Host Karl caught up with Greg Edwards, founder of CryptoStopper, about the details of how Cryptoware works. He’s a great source on this topic since he’s built a product to stop ransomware in its tracks.
CryptoStopper creates randomly-named files of random sizes to monitor in key locations. Then, they monitor those files as well as other activities on your clients’ computers. When CryptoStopper sees ransomware activity, they catch it much earlier than other monitoring services.
We dig into some juicy details about how their system works. And, of course, Greg gives us some great details about how the viruses themselves operate.
Greg has been a technology entrepreneur since 1998. Before he founded CryptoStopper, he started Axis Backup, a backup and disaster recovery company for the insurance industry. He saw firsthand the rapid increase in the damage cyber criminals were doing with debilitating malware resulting in high financial loss to vulnerable companies. Between 2012 and 2015, one in five of Axis Backup’s clients was hit by cybercrime. Greg realized effective cyber security could save businesses from costly downtime and compromised systems. In 2015, Axis Backup was acquired by J2 Global, freeing Greg to create CryptoStopper and focus exclusively on cybersecurity.
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