Ransomware Has CISOs on the Defensive; Cyber Insurance a Fallback

The statistics on how many CISOs have been hit by two to five ransomware attacks are sobering.

“More organizations ‘have implemented ‘Plan B’ measures this year, from opening cryptocurrency accounts to purchasing ransomware insurance riders,’ which the report said, ‘suggest that organizations realize threats are slipping through their defenses and a ransomware attack is inevitable.’”

Source: CISOs Have Lost Confidence in Ability to Quash Ransomware – Security Boulevard

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.