Ransomware is growing in its speed, complexity and the size of the financial damage it can visit upon a victim company, amplifying challenging questions for how to deal with such events. Meanwhile, the regulatory environment in this field has advanced, putting additional demands on affected companies. Speakers during the Incident Response Forum Masterclass 2024 discussed these issues. This article distills their insights, including those regarding ransomware response challenges and suggested practices for achieving an effective combination of people, processes and technologies. The presenters included Alston & Bird partner Katherine Doty Hanniford, Latham & Watkins partner Antony Kim, FGS Global partner Scott Lindlaw and Skadden partner David Simon. See our two-part series on the evolution of ransomware: “Growing Threats and Response Considerations” (Feb. 16, 2023); and “Government Efforts and Cyber Insurance” (Mar. 2, 2023).