Fall Regulatory Summit

Internal Use Only

Current Threat Environment

The threat of cyberattacks is

• State-sponsored and politically motivated attacks and attempted attacks against the US and Western allies; tied to Russia/Ukraine war • Threat actors are often opposed to US and allies’ position on political and social matters, although financially-motivated attacks from other groups are also occurring

enhanced by current geopolitical climate Ransomware remains the most visible and dangerous threat

• According to Chainalysis, 2023 may prove to be a milestone year for ransoms paid • At current pace, ransoms paid may total $898.6 million, second only to 2021 • Ransoms associated with MOVEit may push totals to record territory