Adjusting to a New Era in Ransomware Risk
Changes in ransomware business models, new government interventions in the market, and more expensive cyber insurance premiums, should drive an urgent review of cyber risk exposure and cyber security posture relative to ransomware. There had already been a steep increase in ransomware risk this year. Russia’s invasion of Ukraine ratcheted up the risk still further. This new era in ransomware risk points to a need for organizations to prioritize reviewing ransom payment policies; cyber attack response plans; cyber insurance policies; operational security with MSP partners; and RDP security policies.