It is not a matter of if your organization will face a cyber incident—it is a matter of when. Ransomware attacks have increased dramatically, and data breaches can strike companies of any size. The question is: are you prepared?
The Ransomware Dilemma
When ransomware locks your systems and criminals demand payment, organizations face an agonizing decision. Pay the ransom and potentially fund criminal enterprises—with no guarantee of data recovery. Or refuse to pay and risk permanent data loss and extended downtime.
There is no easy answer, but there are strategies that can help you navigate this nightmare scenario.
Critical Considerations
- Legal Obligations: Understanding your reporting requirements and liability after a data breach
- The Payment Decision: Weighing the pros and cons of paying ransomware demands
- Recovery Planning: Building systems and processes that enable rapid restoration
- Business Continuity: Maintaining operations during and after an incident
Preparation Is Everything
Organizations that plan for incidents before they occur recover faster and suffer less damage. This means having backup systems, incident response plans, and communication strategies ready before you need them.