How Can Companies Cope with Ransomware?

May 9, 2021 – Article posted on Wall Street Journal

A cyberattack that forced systems offline at the largest pipeline operator on the U.S. East Coast followed warnings from current and former government officials that ransomware threatens national security.

Colonial Pipeline Co. said Saturday afternoon that it had been hit with ransomware, a form of malware in which attackers gain control of systems and demand payment in return for unlocking the victim’s networks and data.

…Cybersecurity analysts say companies have been targeted with ransomware for several years and that the attacks are becoming more brazen and costly, particularly since the start of the pandemic…. 

Mark Lance, senior director of cyber defense at GuidePoint Security, and Drew Schmitt, principal threat intelligence analyst at GuidePoint Security provide insights on ransomware trends based on their in-the-field experience.

Read More HERE.