Ransomware and Data Extortion Business Risk Report: Halcyon published a new study detailing the significant impact on businesses from #ransomware and data #extortion attacks over the past 24 months... https://lnkd.in/ggz5DUDQ #infosec #security #cybersecurity #biz #risk
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Chief Information Security Officer | vCISO | Cybersecurity | Business Continuity | Leadership | Keynote Speaker | TEDx Speaker | Nonprofit Founder @ Cyberchance | Fluent in English and Spanish
This study, conducted by Halcyon revealed a strong disconnect between perception and reality when it comes to prevention and resilience against ransomware and data extortion attacks. Fully 88% of respondents indicated they were somewhat or very confident their organizations’ current security deployments could disrupt an attack before a ransomware payload is delivered, and 85% were somewhat or very confident their organizations could quickly resume regular operations following a successful attack. Yet more than one-in-three (36%) were Infected 5 times or more over the two-year period. Furthermore, 62% of organizations hit by ransomware reported a major disruption in operations, with 38% saying operations were disrupted for at least two months to more than six months. These findings clearly show that organizations are overly confident in their ability to defend against and quickly recover from ransomware attacks. Other key findings in the report include: --All organizations were running some combination of prevention tools when they were victimized in a successful ransomware attack; --Of the organizations that opted to pay a ransom demand, the majority (78%) said the attackers failed to provide a decryption key or data was corrupted upon decryption; --59% of respondents indicated the total cost for remediation (incident response only) cost their organization more than $1 million --More than half (57%) said the attacks will have a negative impact long-term on their organization’s operations, competitiveness, profitability or overall viability; --Of the organizations that have cyber insurance, two-in-five (39%) said their premiums increased significantly following a ransomware attack, while more than one-quarter (28%) said premiums increased slightly. “The disconnect between perceived and actual risk is not helping organizations be more resilient to ransomware attacks,” said Anthony M. Freed, Halcyon Director of Research and Communications. “While most respondents feel confident their current security deployments are adequate for both prevention and recovery, the data shows that the majority of attacks are nonetheless successful and victim organizations are struggling to get operations back up and running, which is what is driving up these post-attack recovery costs.”
Ransomware and Data Extortion Business Risk Report: Halcyon published a new study detailing the significant impact on businesses from #ransomware and data #extortion attacks over the past 24 months... https://lnkd.in/ggz5DUDQ #infosec #security #cybersecurity #biz #risk
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"The study also revealed a strong disconnect between perception and reality when it comes to prevention and resilience against ransomware and data extortion attacks." This is a very powerful statement. The organizations that are being affected by ransomware have security measures in place. And they are still experiencing business altering disruptions. If you would like to see how Halcyon makes ransomware history, let me know! #Ransomware #Cybersecurity #Cyberresiliance
Ransomware and Data Extortion Business Risk Report: Halcyon published a new study detailing the significant impact on businesses from #ransomware and data #extortion attacks over the past 24 months... https://lnkd.in/ggz5DUDQ #infosec #security #cybersecurity #biz #risk
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When you choose to partner with Advance2000, you can have peace of mind knowing that your business is protected. Take the first step by getting a comprehensive evaluation of your cybersecurity risks today and safeguard your valuable data. 🤝 https://lnkd.in/gM9vhxF2 #datasecurity #malware #cybersecurity #cyberattacks #risk #riskassessments
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Business Owners - cybercriminals view small businesses as low-hanging fruit because they know most owners aren’t doing anything to proactively protect their business. Don’t be a sitting duck waiting around for an attack to happen to you. Secure your business today! Get a FREE Security Risk Assessment with our team to find out how to fight back against hackers - https://lnkd.in/eayaagud #isafe #isafecomplete #manageditservices #managedservices #cybersecurity #itservices #itsecurity #itsservicemanagement #computersupport #businesstechnology #hipaa #hipaacompliance #richmondchamber #bereachamber
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New report on Top Operational Risks reveals Information Security is the number 1 Operational Risk in 2024. Full Report: https://lnkd.in/gK_BbB8A Bravo all to @Risk.net including David Spollen for their great work on #CyberSecurity
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Overwhelmed by the ever-changing risk landscape? Then I know you'll be interested in Turnkey’s virtual event: #RiskyBusiness23. Across 4th and 5th October2023, we’ll be joined by leading risk and security experts from across the globe providing their views on mitigating the impact of intensified cyber threats to your organisation. I will be facilitating one of the sessions with Michael Jander. Looking forward to it. Check out the agenda for yourself and register here: https://lnkd.in/gJVW8T3y #riskmanagement #risk #irm #cybersecurity #sapsecurity #virtualevent #RiskyBusiness23
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Pre-registration is now open for Risky Business 2023 where we'll navigate the ever-evolving risk landscape alongside some of the leading thinkers in the world of risk and security. Join us on the 4th and 5th of October to gain key insights from experts on how to stay ahead of the dynamic risk environment and make the world a safer place to do business. Pre-register here👇 https://hubs.ly/Q01_qkKf0 #riskybusiness23 #riskmanagement #accessmanagement #cybersecurity #security #virtualevent
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Find an in-depth view into identifying value at risk, assessing relevant threats and deploying effective controls. https://bit.ly/3D5fN9Q #riskmanagement #cybersecurity #infosec
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Just as we prioritize our annual check-ups with the doctor to ensure our physical well-being, when was the last time your business underwent a Cyber Security Risk Assessment (CSRA) to safeguard its digital health? If you don't remember or the answer is never, feel free to reach out to us to have a conversation around it. #Cybersecurity #managed #managedITservices #ITservices #Dataprotection #mitigaterisk #am3technology #staysafeonline #securityawarenesstraining #data #dataencryption #cybersecurityriskassessment #businesscontinuity #disasterrecovery
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Join BDO’s second Risk, Resilience & Recovery webcast on 10/19 to hear important steps your organization should take in the recovery of a cyber breach. #Cybersecurity #RiskManagement
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