Ransomware preparedness is low despite executives’ concerns

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86.7% of C-suite and other executives say they expect the number of cyberattacks targeting their organizations to increase over the next 12 months, according to a recent Deloitte poll.

ransomware preparedness

And while 64.8% of polled executives say that ransomware is a cyber threat posing major concern to their organizations over the next 12 months, only 33.3% say that their organizations have simulated ransomware attacks to prepare for such an incident.

“Over the past 12-18 months, executives across industries and sectors have witnessed — and increasingly experienced first-hand — the jaw-dropping frequency, sophistication, cost, and both economic and operational impacts of ransomware attacks,” said Curt Aubley, Deloitte Risk & Financial Advisory detect and respond practice leader and managing director, Deloitte & Touche.

“As some ransomware can evade antivirus tools and attackers find more ways to pressure victims to pay ransoms, these attacks often have national and global repercussions. There’s no time to waste when it comes to honing and testing incident response programs for ransomware and other cyber events.”

Kieran Norton, Deloitte Risk & Financial Advisory’s…

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