One Article Review
| Source |  Kovrr |
|---|---|
| Identifiant | 8393604 |
| Date de publication | 2021-09-12 00:00:00 (vue: 2023-10-10 07:25:35) |
| Titre | Règlements et ransomwares: un aperçu rapide de la vue d'ensemble de ce que les entreprises doivent savoir sur les ransomwares et les réglementations connexes. Regulations & Ransomware: A Quick OverviewAn overview of what enterprises need to know about ransomware and related regulations.Read More |
| Texte | As cybersecurity threats continue to evolve, ransomware has recently come into focus as one of the more prominent and challenging types of attacks to deal with. Not only do companies need to face the security implications of having their data fall into the hands of cybercriminals, but there can be significant costs around paying ransoms and/or recovering systems and files. Plus, paying ransoms can raise some ethical if not legal issues. There are already several existing regulations that enterprises need to keep in mind if hit with a ransomware attack. And as the risk grows, a number of new regulations are under consideration around the world.In this brief overview, weâll explore what enterprises need to know about ransomware and related regulations.What Is Ransomware?Before diving into what to do about ransomware and what regulations to follow, itâs important to understand what ransomware is.âRansomware is a form of malware designed to encrypt files on a device, rendering any files and the systems that rely on them unusable. Malicious actors then demand ransom in exchange for decryption,â explains the U.S. Cybersecurity & Infrastructure Security Agency (CISA).In other words, ransomware can lock a user out of their own files/systems, which can bring work to a halt. Even if the ransom is paid and everything gets unlocked, itâs possible that the cybercriminals stole data meanwhile. While some of the more headline-grabbing attacks have been at large, well-known companies, ransomware can essentially affect anyone, regardless of size, industry or location.How to Reduce the Risk of RansomwareAlthough ransomware is on the rise, there are still several steps organizations can take to reduce the risk of a ransomware attack or at least mitigate the damage.âAs with all risks posed by external actors, the likelihood that a ransomware attack is successful can be drastically reduced by tightening the security of the data controlling environment,â notes the European Data Protection Board (EDPB).From updating software and systems with appropriate security patches, to using anti-malware software or related monitoring services, there are many cybersecurity best practices that can potentially keep ransomware out, as the EDPB highlights.If ransomware does take hold, having complete backups can help. As the EDPB notes, the impact of ransomware âcould effectively be contained,â by resetting systems to wipe out the ransomware and then âfixing the vulnerabilities and restoring the affected data soon after the attack.âOrganizations can also get a better handle on ransomware risk via cyber risk quantification (CRQ), such as through Kovrrâs insurance-validated risk models. CRQ works by analyzing factors such as past cyber events and the technologies and service providers that a company uses to then quantify what companies might lose if a cyber attack like ransomware occurs. Part of being prepared means knowing how much is at stake financially, and CRQ can help organizations focus on the areas that present the largest financial risk. âWhat Ransomware Regulations Exist?Current ransomware regulations differ around the world, so the specific rules an enterprise needs to follow depends on factors like what markets they operate in and whether they fall under certain jurisdictions.Communicating AttacksOne of the more notable rules that relates to ransomware is the EUâs General Data Protection Regulation (GDPR), which can still apply to companies outside Europe, such as those that have customers in the EU. Under GDPR, explains the EDPB, a personal data breach needs to be reported to relevant authorities and potentially to the people whose data gets exposed. So, for example, if a ransomware incident involves a cybercriminal locking up files that contain personal information, such as financial or medical records, then the affected company may need to report that to those affected.In the U.S. the |
| Notes | ★★★ |
| Envoyé | Oui |
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| Tags | Ransomware Data Breach Malware Vulnerability Prediction Medical |
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