Few Organizations are Actually Preparing for a Ransomware Attack

Robinson+Cole Data Privacy + Security Insider

Although executives of organizations report that ransomware is their number one security concern, and 87 percent of them expect an increase in cyber-attacks against their organizations over the next year, only one-third of them said they had conducted a tabletop exercise to prepare for a ransomware attack.

According to a survey of 50 executives, Deloitte found that although ransomware and cyber-attacks remain a top concern for executives, 54 percent of the executives surveyed stated that the organization had an incident response plan, but not specifically for a ransomware attack. Further, only one-third had actually conducted an internal simulation of a ransomware attack in order to prepare for such an eventuality.

Ransomware is not going away. One way to prepare for it is to conduct a tabletop exercise with your Incident Response Team. The most effective tabletop exercises in our experience are ones in which the team cannot prepare, is thrown into a scenario that has actually happened, and which the team has to work through, just like in real life. Such exercises are effective and eye-opening. When we conduct tabletop exercises, incident response teams have take-aways that they had never thought of before, and each member of the team understands their responsibility and the next steps if an incident occurs. The first tabletop exercise can be built upon to diminish the chaos that can happen when a security incident or ransomware attack occurs.

Now is the time to schedule your tabletop exercise to test your Incident Response Plan and your team.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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