The average ransom fee requested increased from $5,000 in 2018 to around $200,000 in 2020*, and according to FBI Director Christopher Wray, reports of ransomware attacks have tripled over the past year. The increased frequency and scope of these attacks present not only a business risk for a company, but legal and compliance risks as well.
Is your compliance team prepared?
Even if your organization is operating in full compliance with all laws and regulations, paying a ransom to a sanctioned cybercriminal in response to an attack is prohibited. Join us on this CPE webinar as we discuss best practices for your risk-based compliance program to be better prepared for escalating cybersecurity threats, including how to:
- Identify trends and the latest tactics used by ransomware groups
- Understand the nature, evolution and scale of the cyber and ransomware compliance landscape
- Examine key considerations in maintaining robust compliance and managing risk in the context of these evolving issues
- Assess regulatory expectations and guidance in the cyber and ransomware space
* Source: The National Security Institute