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Organizations across the world are dealing with more frequent and severe cyber-attacks. Companies, non-profits, and government agencies of all sizes are targets. Ransomware is the top-of-mind threat for CISOs, but some cybercriminals forego the use of malware, obtain compromised credentials or use insiders to exfiltrate data, which they then use to extort their victims. Endpoint security is essential but insufficient against contemporary tactics. Many organizations have 50+ cybersecurity tools in their portfolios. Getting them to interoperate and managing IT security costs and contracts are complex tasks that are above and beyond the primary charter of cyber defense.
Ransomware remains a formidable and pernicious threat, evolving in both complexity and impact. Cybercriminals have increasingly shifted towards sophisticated tactics that target critical sectors, employing double extortion strategies that not only encrypt data but also threaten to leak sensitive information unless hefty ransoms are paid. Ransoms are getting higher. Victims are getting hit multiple times in quick succession. Cybersecurity insurance premiums are more costly, and the acquiring coverage requires demonstration of sufficient cybersecurity controls.
