Recent ransomware attacks and the release of the new cybersecurity Executive Order from the Biden Administration foreshadow increased scrutiny for companies managing critical infrastructure and personal data.
Attacks like the one suffered by Colonial Pipeline bring profound real-world implications: millions of people without services, millions lost in revenue, reputations tarnished, general societal chaos and dysfunction, and attackers were paid and free to hit other targets. Ransomware attacks have consistently increased in sophistication and volume for more than seven years. Many private and public organizations, small and large, have been victims of such attacks resulting in payouts averaging $1.45M per incident.
