FEATURE : RANSOMWARE
of premiums and deductibles have increased . This proves that insurance shouldn ’ t be relied on longterm to bail a business out of a ransomware attack . More importantly , cyber insurance does not protect a company from an incident and focuses more on the monetary value lost from an attack .
The role of cyber hygiene should be practiced across all levels of an organization .
WITH THE RATE AND SPEED THAT ORGANIZATIONS ARE GETTING HACKED , IT IS TIME FOR ORGANIZATIONS TO STAND STRONG AGAINST HACKERS AND REFUSE PAYMENT .
For many data breaches , the cause of it is from an unsuspecting employee . From IT staff to employees to C-suites , it is important that individuals take precautionary measures and follow current best practices such as avoiding accessing sensitive information on public WiFi , not clicking on suspicious links and creating strong passwords .
Through sharing this responsibility , an organization can minimize the risks of operational interruptions , data compromises , data loss and ransomware attacks .
IT teams should look into locking down regular calls to keep employees updated on maintaining cyber hygiene and have a checklist , which can help keep track of established policies and processes .
Ransomware attacks are no longer a matter of if , but when . It imperative that data restoration and recovery time is optimized .
On average , the time-to-recovery after a ransomware attack was 3.4 weeks , which translate to 135 business hours of downtime , according to Veeam .
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