Ransomware has been one of the leading causes of cyber incidents over the past year as bad actors grow more sophisticated in their attack methodology. As their tactics evolve, they direct their attention towards collecting and exfiltrating sensitive data in addition to ransom attacks. Andrew Beckett, Managing Director and EMEA Leader in the Cyber Risk practice of Kroll, a division of Duff & Phelps, highlighted the ever-evolving ransomware attacks with SC Magazine UK. Andrew further discusses the different ransomware approaches employed by bad actors and the importance of staying vigilant of these changes.
Andrew also explains how ransomware gangs are playing off the fear instilled in organizations of violating GDPR regulations and possibly incurring fines by threatening to expose their sensitive data. It is crucial to ensure the safety and protection of your data before it becomes vulnerable to bad actors seeking to exploit a vulnerable organization.
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