Companies are increasingly grappling with a surge in ransomware attacks disrupting their global operations. This article encapsulates insights from a panel at the Practising Law Institute’s Global Data Protection 2023 programme, focusing on vital topics such as threat actor behaviour, government responses, mitigation strategies, cyber insurance, and the role of company boards.
Source: Ransomware and Incident Response Considerations for Global Companies
Key Points
- Escalating cybersecurity threats during politically charged periods and military operations.
- A detailed examination of current trends in ransomware attacks and response efforts.
- The collaborative effort of government and private sectors in mitigation strategies.
- Importance of cyber insurance in protecting against ransomware impacts.
- Emphasis on board involvement in shaping cybersecurity policies and response plans.
Why should I read this?
If you have a stake in a global company, this article is a must-read! With ransomware attacks becoming ever more common, understanding how to effectively respond is crucial. It’s like learning the playbook for protecting your organisation from significant disruptions—this insight could save you a lot of time and trouble down the line!