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Prepared for Peril: Incident Response Solutions to Combat Ransomware and Cyber Threats

IRP Solutions to Combat Ransomware Cover

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Securance has more than two decades of experience helping organizations combat evolved cyber threats, build effective risk management programs, align with compliance standards, and increase operational efficiency. Our comprehensive approach integrates proven methodologies, dependable expertise, and each customer’s unique requirements to maximize the benefits and long term value of each assessment.

INTRODUCTION

From ransomware and phishing scams to unauthorized access from within, nearly every organization will experience a cyber attack that could impact the security of its data, networks, and | or systems. Even with every preventative measure in place, governments and businesses are increasingly susceptible to cyber threats. That is why every organization must establish, test, and regularly update its incident response (IR) strategy. Ransomware, a form of malware that prevents businesses from accessing their computer files, systems, or networks and demands a ransom be paid for their return, is currently the most prevalent cyber threat. In the United States alone, there were 2,474 ransomware incidents in 2020, a 20-percent increase from 2019, and a 225-percent increase in ransom demands. 79 of those attacks were carried out against government organizations, costing $18.9 billion in downtime and recovery costs.

Nearly three-quarters of organizations don’t have a consistent, enterprise-wide cybersecurity IRP. Yet, organizations with IR teams and testing had an average data breach cost USD 2.46 million lower than those with no IR team and no IR plan testing.

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