A Business Leaders Guide to Ransomware
C-suite must join forces with IT to transform their ransomware strategies. This guide will help you understand what you’re up against and how to defend your business.
What's in the guide:
With cyber attacks on the rise, C-suite leaders must join forces with IT to transform their
ransomware strategies. This guide will help you understand what you’re up against, so you can protect your company for years to come.
The guide covers a range of topics, including:
- What is Ransomware, and how does it work?
- What are some best practices for defending your organization?
- How do I select the right tools and software to lock down your systems?
- How do I recover in the event of an attack?
- How do I develop a solid Ransomware strategy?
- How do I future-proof my business against emerging threats?
While the threat of ransomware is nothing new, it has changed into something far more sinister (and costly).
Threat actors have abandoned low-stakes spray-and-pray tactics to track down bigger targets with deeper pockets and more skin in the game. They’re using AI and machine learning to wage targeted attacks on supply chains, public utilities, and orgs with digital assets they’d pay anything to protect.
Aspiring threat actors face few barriers when it comes to entering the “industry.” Ransomware-as-a-service, or RaaS, has made cybercrime accessible to the masses. Anyone can launch an attack by purchasing affordable, pre-built components or, by hiring “freelancers” for one-off gigs, Upwork style. All of those modernization efforts paid off in spades. Per Microsoft, ransomware is now the most lucrative game in cyber-crime. Global cybercrime costs are expected to hit an annual rate of $10.5 trillion by 2025 – based on the current growth rate – ~15% per year. To put those numbers in perspective, the ransomware economy is responsible for driving the largest transfer of economic wealth in history.
Of course, any big win for ransomware represents a crushing blow to the victim behind the windfall. IBM experts say the average cost of a data breach surged to a record high of $4.24M in 2021. That said, threat actors are winning not because they’re all dark web masterminds with access to “secret” tech. They’re winning because they’re constantly adapting their strategy based on current conditions.
With new strains emerging and old tactics evolving, leaders must follow suit and embrace a modern, AI-driven ransomware strategy.
In this comprehensive guide, we’ll explain how ransomware works, why you should care, and what it takes to defend against this growing threat.
Download your copy of “A Business Leader’s Guide to Ransomware” now and take the first step towards safeguarding your organization.
