PREDICTIVE INTELLIGENCE
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Managing ransomware proactively
Firstly , an organisation should define what financial risk they are facing as a result of ransomware attacks ; it varies depending on the geography , industry and size of the business .
Once they have calculated this value , they must build a strategy to accept , reduce or transfer the risk .
If the damage is within acceptable limits , the business should focus its efforts on other facets of its cybersecurity strategy .
However , to reduce the financial impact , they can either purchase cybersecurity products / services to
Cyber-risk quantification can be a game-changer for insurers and businesses alike . improve their cyber-risk posture or patch identified vulnerabilities .
The problem is that in today ’ s dynamic and digitally native businesses , there are over 40-50 cybersecurity products / services ; each with its dashboard , warnings and priorities .
Cybersecurity teams are often overwhelmed and miss important SOC alerts that could potentially warn about ransomware attacks . Businesses should understand that more cybersecurity products do not mean better security .
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