CISOs see little need for a point solution to cover ransomware risk

Nearly half of businesses have fallen victim to a ransomware attack, with almost all having no choice but to heed their attackers, according to YL Ventures’ Q2 CISO Circuit report. The financial disruption, privacy implications, and danger of operational failure caused by ransomware are often too critical to suffer. This is especially true in cases involving critical infrastructure, including water treatment and hospital networks.

For now, CISOs don’t see the need for a point solution to cover ransomware risk, believing instead in using a full security stack for a multi-layered approach that addresses many security issues at that time. However, as ransomware monetization strategies continue to evolve and intensify, cybersecurity leaders need to keep a close eye on the cloud. Digital transformation will inevitably require fine-tuned security stacks to address this growing area of ​​risk.

In this Help Net Security video, Sara Behar of YL Ventures explains that CISOs don’t see the need for a point solution to cover ransomware risk, believing instead in using a full security stack for a multi-layered approach which addresses many security issues at once.

As ransomware monetization strategies continue to evolve and intensify, cybersecurity leaders need to keep a close eye on the cloud. Digital transformation will inevitably require fine-tuned security stacks to address this growing area of ​​risk.

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