Vanessa Cathie
Account Executive
Even someone with a passing acquaintance of cyber security will be aware of the dramatic surge in ransomware over the past couple of years. Add to this the recent trend in the ransomware space: the two-pronged attack. Not only is data encrypted and a ransom demanded on the promise of decryption, but the data is often also exfiltrated. Stolen data acts as leverage for a second ransom demand, failing payment of which, data may be released into the public domain.
We live in an increasingly interconnected world where reliance on technology has become routine. The digitalisation of business has created huge opportunities and led to increased efficiency and growth, but with that rise has come an urgent need for more diligent focus on cyber-security.
Cyber risk is not ‘just’ a technical issue but a business risk that threatens all parts of the organisation and therefore needs to be dealt with at a boardroom level. In order to protect the company appropriately, boards must ensure clear responsibility and ongoing vigilance as senior managers are increasingly required to engage in ‘legal’ conversations around this topic.
