The majority of C-suite executives are confident in their organization’s protection against ransomware attacks. At least, that’s what a recent research report from ISC2 shows. In fact, just 15% express a lack of confidence. Does this confidence take into account the nearly 53% rise in double extortion ransomware attacks between January and February? Are the executives wrong? Or do they have insight that others lack?
While it might seem like a paradox, there are some good reasons to be confident in ransomware protection. Improved teamwork between executives and security teams, effective approaches, cryptocurrency regulation and successful investigation into ransomware crimes are all reasons that offer a sense of improved confidence.
Communication Is Essential
Cybersecurity issues impact business operations and the bottom line. For example, the average cost of a ransomware attack is $4.62 million. In the wake of a data breach, companies can lose customers, lose trust and face hefty fines.
According to the ISC2 study, business leaders would like more budgetary and risk information when it comes to knowing their cyber risk. Up to 41% of executives surveyed want more details on investments needed to protect against ransomware. And 43% want to know exactly how another budget will improve security.
To build true confidence in your protection against malicious attacks, all key stakeholders should be made aware. Despite the sense of confidence, only suite optimistic about ransomware right
