Webinar: Ransomware – Recipe for Assessing Potential Impact
By Jeff B. Copeland | April 16, 2020
Last year, the NotPetya ransomware strain cost Merck and FedEx $300 million in lost business and remediation costs. This year, the SamSam ransomware shut down many key online services of the city of Atlanta. The recent Verizon DBIR reported that ransomware attacks doubled in 2017 after doubling in 2016.
So the ransomware threat is real – but what’s the actual risk to your company? Merck/Atlanta/Code Red level or the mundane attack that doesn’t spread beyond one workstation and takes a couple hours of tech labor for reimaging? You can bet your C-suite and Board are reading the headlines and will be asking.
Current standards and practices in the cyber risk domain can’t answer the question. Compliance checklists and maturity models don’t generate the level of risk analytics that business leaders demand – the level of “cyber risk economics”.
In this webinar, you'll see how cyber risk quantification based on the FAIR model and generated by the RiskLens platform translates the risk of ransomware into financial terms that support sound business decision-making on how best to invest in defensive measures.
We’ll show you how RiskLens can ingest your company’s historic data on frequency and cost of ransomware incidents, even if it’s spotty or incomplete, and combine it with industry-wide data to produce a solid foundation for estimation of ransomware risk. The result is expressed as a range of probable cost outcomes from worst case to best case to most likely so business leaders can clearly see what’s at stake; then the RiskLens platform can be used to run what-if scenarios comparing potential risk reduction from investing in various controls.