Know your enemy: Understanding what to prepare for
While ransomware isn't new, this once-simple criminal hacker tactic has morphed into a devastatingly effective weapon wielded by more advanced cyber-criminals - as seen with the recent WannaCry outbreak. These sophisticated attackers are highly motivated by the profitable nature of their efforts. Dan Larson, technical director at CrowdStrike, looks at the current state of ransomware, why organizations should take threats seriously and how to build a strong defense.
What's at stake: Compliance and reputation
Businesses now retain sensitive information that they are required by law to protect. If an organization falls victim to a ransomware attack that lets sensitive data be stolen, they must inform customers and partners. Not only can that mean substantial fines if regulations are compromised, but customer trust is compromised. Costs can be significant. In addition to harming a company's reputation, customer information is gone, intellectual property stolen, and the time needed to clean up the aftermath adds up.
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