As a wise man once said, a failure to plan is a plan to fail. This is especially true in the world of cybersecurity, where it is all but inevitable that an organization will face a security incident.
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Ransomware attacks, where malicious software encrypts a victim’s data and demands a ransom for decryption, have transitioned from a niche cyberthreat to a pervasive one. This alarming trend is largely fueled by the arrival of Ransomware as a Service, referred to as RaaS.
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Several points companies should consider implementing to ensure the readiness of ransomware attacks. Three critical areas need to be established before, during, and after an attack to secure company data. These areas focus on the people involved, the implemented processes, and the utilization of technology to mitigate risks.