Unfortunately, as technology evolves, it’s not just the enterprise that benefits from the latest and greatest tools – so do the criminals who use them to attack businesses. With enterprises pushing forward with digital-first initiatives, it’s a matter of when, not if, they will be faced with a cybersecurity threat. Because of this assumed risk, it is no longer enough to just have the right technology in place; it’s imperative for your enterprise to have a cybersecurity strategy to prevent, detect, and overcome a ransomware attack.
What is your enterprise’s cybersecurity process when it comes to ransomware preparedness? As a heavily relied upon technology leader, this is a critical question to ask yourself. Remember, there are two types of companies – those that have been hit with ransomware and those that eventually will be. According to numbers recently published by Cybersecurity Ventures, a ransomware attack occurs every 11 seconds. On average, each incident costs an astounding $700,000 in damages.