In this interview in Forbes, Kristofer Swanson discusses how a company’s incidence response plan needs to be updated and tested as it moves more corporate data to the cloud. He explains some of the challenges and issues a corporation needs to be prepared for when responding to ransomware and/or cybercrime incidents, such as whether it will pay a ransom. Mr. Swanson lists steps companies can take to reduce the costs associated with a data incident and some of the economic damages they may be able to recover from third parties.
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Are big ransom payments a smart response to the global menace of ransomware?
Many companies find it helpful to assess the associated risks through multiple lenses, including: “Business Risk” lens Reputation: payments can strengthen the...