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Ransomware Readiness Strategies: How to Protect Your Organization

01 Okt 2024
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Ransomware Readiness Strategies: Are You Prepared?

If this question is keeping you up at night, you’re certainly not alone. The threat is tangibly real and immediate, with ransomware damages projected to top $30 billion by 2025 according to Cybersecurity Ventures. The average cost to recover from a ransomware attack now exceeding $2 million according to the 2024 IBM Cost of a Data Breach Report. The stakes have reached a critical point, and no organization—no matter how big or small—can hope to escape unscathed without implementing effective ransomware readiness strategies.

With groups like LockBit’s Ransomware-as-a-Service (RaaS) and DemonWare’s code available on GitHub, ransomware operations are becoming more sophisticated. LockBit’s growing presence highlights how attackers are evolving their methods to target organizations from within.

The Basics Are Being Overlooked

“Check Your Security Team’s Work: Use a 3rd party pen tester to test the security of your systems and your ability to defend against a sophisticated attack.” This recommendation, reiterated in the White House National Cybersecurity Strategy, is not new, yet it is often underestimated. In the face of increasing ransomware threats, organizations rush to add more security tools in a never-ending chase for the latest prevention and detection solutions. As a result, they tend to neglect the basics: validating the effectiveness of their existing solutions through proven ransomware readiness strategies.

Validation Is the Key

Validating endpoint protection and other prevention and detection solutions is not simply a matter of reviewing configurations or adhering to best practices. There is no telling where the soft spots lie hidden unless you actively and aggressively seek them out. You need to know what you don’t know and stop accepting the weakest link.

To validate your ability to defend against the latest ransomware attacks, you must test and emulate real-world scenarios. Running continuous and automated pentetration testing of attack vectors is one of the most effective ransomware readiness strategies. This ensures your EDR, NDR, SIEM, SOAR, DLP, WAF, FW, and other security services are configured effectively and operating as intended.

Testing must proceed in a safe, controlled manner, ensuring no disruption to business continuity or operations.

Without Validation, Security Spending Spirals

Without validation, security spending can feel like a bottomless pit, often leading to diminishing returns. After all that investment, you’re back to square one, still asking: “Am I ransomware ready?”

To gain confidence in your resilience, you need to emulate ransomware attacks within your organizational network and validate your security controls. The evidence is clear: prevention and detection alone are not enough. Effective ransomware readiness strategies shift the focus from building higher walls to actively blocking attackers at every turn, even after they’ve infiltrated.

Test Before You Trust: Proven Ransomware Readiness Strategies

You wouldn’t go on stage without a grand rehearsal. You wouldn’t trust your fire code without a fire drill. Becoming ransomware ready is no different. You need to see your security controls in action to trust them. With ransomware threats evolving, it’s not enough to rely on static prevention or manual assessments.

Becoming ransomware ready requires adopting proven ransomware readiness strategies to validate your defenses. Pentera’s RansomwareReady™ solution provides automated security validation, enabling organizations to emulate ransomware attacks safely and effectively. This approach helps identify vulnerabilities before attackers exploit them, ensuring your defenses are robust and aligned with proven ransomware readiness strategies.

Want to find out how prepared your organization is against ransomware threats? Begin your journey in security validation and see why leading companies trust Pentera with their cybersecurity.

Learn more about how Pentera’s RansomwareReady™ solution can help you validate your defenses and reduce your exposure.

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Back to top The financial services industry has always been at the forefront of technology adoption

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Back to top The financial services industry has always been at the forefront of technology adoption

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Back to top The financial services industry has always been at the forefront of technology adoption

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