A ransomware crisis plan is now a business imperative

Smart Cybersecurity Handbook 2022 Cyber Security

Most organisations today are aware of the ransomware threat. Unfortunately, the gap between awareness and broad, company-wide action to mitigate the impacts of ransomware is still far too significant.

Cyber criminals around the world have seized upon their digital opportunity and built a burgeoning $5 billion extortion racket.

“Ransomware attacks are now part of your daily news diet,” says Byron Horn-Botha, BU Lead, Arcserve Southern Africa.

What’s more, data security and backup and recovery vendors are regularly beating the ransomware drum. Everywhere you turn, you’re bombarded by the threat – and you may very well be experiencing some ransomware fatigue.

We urge you to bring your key corporate stakeholders to the table, come to a full understanding of the business threats ransomware poses and begin development of the ransomware crisis plan that will see you safely through.

It’s a frightening reality of the Dark Web. Those with criminal intentions can now acquire RaaS for free or a nominal fee and simply share a cut of the profits with their software provider. As a result, we expect the growing number of attacks to employ more creative approaches, as well.

Create your rock-solid ransomware crisis plan. Your ransomware crisis plan is mission-critical to the continued operations of your entire organisation – which is why it simply can’t be created in isolation.

It requires the input of not only IT professionals, but critical stakeholders within each department to ensure you accurately assess business risk and mitigate impact. Not sure where to start? Let us walk you through the essential components of your plan.

1. Establish your ransomware crisis team.

2. Document your governance plan.

3. Determine if you are ready to the take the risk of paying the ransom – and if so, how.

4. Purchase your cyber insurance policy.

5. Define the steps end users should take upon discovering an infection.

6. Thoroughly document your technical response.

7. Plot out your detailed communications response.

8. Protect and practice your plan.

Ransomware attacks are a frightening new reality for IT professionals and corporate executives alike. That’s because anyone can now get into the game, regardless of their technical chops. We’re talking professional con artists who’ve successfully operated traditional social engineering scams – now enabled to apply their skills to ransomware without ever having to set up infrastructure or program a backend system.

Reach out for expert security and for data recovery advice to Arcserve Southern Africa, Byron Horn-Botha, byron.horn-botha@arcserve.com to help you build out your Ransomware Crisis Plan.


Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Zero-trust security must include data backup and recovery
Arcserve Southern Africa IT infrastructure
The concept of constantly verifying, continuously authenticating, and always logging who is going where and doing what should apply to regular operations and application usage.

Dashboard for streamlined ransomware recovery
Cyber Security
The new CyberSense interface provides intuitive post-attack forensic reports that provide powerful insight into data corruption due to a ransomware attack, facilitating ransomware recovery.

You have a ‘super malicious insider’
J2 Software Cyber Security
There’s a super malicious insider who is technically proficient and often acutely aware of an organisation’s technical limitations in proactively detecting insider threats.

Secret monthly fee
Kaspersky Cyber Security
Kaspersky researchers have observed fraudsters actively spreading Trojans, which secretly subscribe users to paid services, disguised as various mobile apps, including popular games, healthcare apps and photo editors.

Keep cloud-based security simple
Cyber Security
SA businesses have more mobile workforces now, which means a greater need for cloud security that follows data and users wherever they are amidst increase in cyberattacks.

How crypto cons work and how to protect yourself
Cyber Security
The digital gold rush is here. As more people attempt to make money from cryptocurrencies, criminals and con artists aren’t far behind, says Carey van Vlaanderen, CEO of ESET South Africa.

Ongoing cybersecurity with a click
Technews Publishing Editor's Choice Cyber Security Security Services & Risk Management
Maintain your cybersecurity posture with web services from Pretect designed to keep your IT infrastructure optimally protected 24 x 7.

The battle of AI and ML in the cybersecurity world
Cyber Security Products
The security industry is using ML/AI in various applications such as tackling huge volumes of malware, detecting spam and business email compromises, analysing network traffic, using facial recognition and more.

Cyber questions for today’s business
Cyber Security
Roberto Arico, Cybereason senior sales engineer for Africa, answers cybersecurity questions companies need to consider in the present risk landscape.

Exclusive Networks Africa expands security services
Cyber Security News Products
Exclusive Networks Africa announced a new partnership agreement with Infoblox to simplify complex distributed networking and security, by delivering modern, cloud-first networking and security services that automate and streamline user experiences.