Organizations are not equipped to defend against ransomware due to deficiencies in implementing and sustaining basic cybersecurity practices, including managing privileged administrator credentials and ensuring visibility of supply chain risk, an Axio reserach report reveals.
“Ransomware is everywhere, dominating headlines, corporate board meetings and even the Biden administration’s agenda,” remarked the report’s co-author David White, President of Axio.
“And with high-visibility attacks continuing to unfold, companies more than ever require ransomware readiness measures in place to protect against a cyber catastrophe. As we learned from the much-publicized SolarWinds attack—which raised a collective consciousness to the use of routine software updates to deliver ransomware—the evolution of attacks can include ransomware-as-a-service, targeting critical infrastructure networks where they can cause the most disruption and economic damage.”
Seven key areas of basic cybersecurity practices deficiency
The report identifies several emerging patterns that yield insights into why organizations are increasingly susceptible to ransomware attacks. The data…
