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Can Organizations Still Pay Ransomware Demands?
Kivu Consulting, a leading global cybersecurity solutions provider, and trusted partner to insurance carriers and law firms, is pleased to announce they have selected CrowdStrike, a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, to integrate its best-in-class security products into Kivu's digital forensics and incident response services.
Cambridge Centre for Risk Studies (CCRS) and Kivu Consulting, Inc. have combined efforts to pioneer new research to improve the response to cybercrime.
Every day, Kivu engages with clients recovering from devastating ransomware attacks. Usually, that entails discussing a client’s recovery needs with its insurer to determine whether recovery can be reimbursed. Kivu's Vice President of Advisory Services, Adam Tyra's most recent article dives into the concept of "betterment" and offers guidelines to define "betterment".
There are many vulnerabilities that criminals can exploit for a ransomware event, and organizations must account for them all. Well-known tactics like phishing and brute force attacks receive the most attention. However, more obscure threats like “malvertising” can also become the organization’s Achilles heel.
The Russian conflict against Ukraine brought devastating impacts for both nations. Beyond the initial tragedy, as fighting continues and sanctions sink in, government and industry can expect cascading implications of a global magnitude. Those implications include greater cyber risk. What does that mean for paying ransom demands?
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