Ransomware Defense - Every Business Leader's Top Priority
Surging and successful ransomware attacks have put businesses and government agencies at high risk of data breach. In order to fight the impact of this rising cyber risk, the insurance industry is implementing new risk reduction, pricing, and underwriting strategies to reduce losses in their cyber insurance policies. Ironically it is also a mega-size US insurance company that has been reportedly making a record ransomware payment of US$40 million in March, 2021 in order to regain control of its network after a ransomware attack.
Ransomware attacks are a great danger to all businesses and industries regardless of their sizes. Current advanced hacking tactics allow cybercriminals to design tailored assaults that fool even the finest security systems. Ransomware and other more sophisticated forms of cyber extortions can have serious consequences for businesses, including loss of sensitive data, business interruptions, revenue loss, reputational harm, expensive recovery costs and even legal actions from clients. No wonder Christopher Krebs, former Director of the Cybersecurity and Infrastructure Security Agency (CISA) advised, “You’ve got to start with what really matters the most and then you work out from there. So, from that perspective, ransomware is the biggest threat.”
Ransomware defense should be every business leader’s top priority. Since ransomware is often spread through phishing emails that contain malicious attachments, the most effective solution will be using IronCAP X™. IronCAP X™ gives you multi-layered protection – it is quantum-safe, provides end-to-end email encryption and will let you digitally sign your emails. Recipients will know it’s a legitimate email if it’s coming from an IronCAP X™ user in their contacts with the proper digital signature. For added security, the email is encrypted and can only be decrypted by the designated recipient. Even if your laptops got stolen, email accounts got compromised or your email got intercepted, your email messages and attachments remain encrypted, i.e. sensitive information won’t be exposed.
It is time we educate ourselves on email security and take measures to prevent data loss. To find out more visit www.ironcap.ca
References:
Accenture article
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