Ransomware: How executives should prepare given the current threat landscape

By Nate Pors.

Top executives are increasingly dreading the phone call from their fellow employees notifying them that their company has been hit by a cyber attack. Nearly every week in 2021 and early 2022, a prominent organization has been in the media spotlight as their public relations team struggles to explain how they were attacked and how they can regain consumer confidence. A recent survey showed that 37 percent of organizations surveyed had been affected by ransomware attacks in the last year.

Worse, the days when executive leadership teams could fully delegate responsibility to a CISO are over. Regardless of reality, surveys have shown that about 40 percent of the public perception of fault for a ransomware attack land squarely on the CEO’s shoulders, and that 36 percent of attacks result in the loss of C-level talent. While executive involvement in the security program does not guarantee a successful defense, it does give the Executive Leadership Team (ELT) a degree of ownership of the final product, as well as the ability to speak confidently and knowledgeably to the public. 

Cisco Talos Incident Response (CTIR) has assisted hundreds of organizations through recent ransomware incidents and executive tabletop exercises and compiled the following observations

Read More: http://blog.talosintelligence.com/2022/05/ransomware-how-executives-should.html