CISOs Lose Hope They Can Stop Ransomware: SpyCloud

Research conducted by SpyCloud shows CISOs from Canada, UK and US are beginning to lose hope that they can defend organizations against ransomware attacks. Additional findings highlight that although budgets to protect against attacks have grown by 86%, 90% of organizations surveyed had been impacted by a ransomware attack over the last year.

Dr. Darren Williams, CEO and Founder of BlackFog had this comment:

     “The findings from this research may come as a surprise to some, but ransomware isn’t something that can be fixed by simply adding more of the same when it comes to cybersecurity defenses. The number of successful attacks we see clearly validates the need for a new approach, as the saying goes ‘keep doing what you’re doing and keep getting what you’re getting.’ Fighting ransomware isn’t about throwing money at the problem, it’s about rethinking everything that IT leaders have learned about cyber defense and adopting a new approach, with disruptive technologies specifically designed to prevent ransomware. When ransomware was all about encryption, organizations might have stood a change with perimeter defense tools and backups. Those days are long past us now as bad actors favor data exfiltration and extortion. IT leaders would be wise to make the assumption that cybercriminals will get into the network if they are intent on doing so. Switching the focus to preventing them from leaving with the crown jewels – the data, with anti-data exfiltration technology will ultimately keep them one step ahead of cybercriminals. When it comes to ransomware it really is all about the data, only by focusing on preventing the exfiltration of it can we really change the narrative when it comes to ransomware.”

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