Information
Would you like to know more about IT-Security or the Ransomware Readiness Check?
Every week, Swiss companies become victims of ransomware attacks. Most companies nowadays have functioning backups and can restore the encrypted data. But the crucial question is, in how long does it take for the company to be up and running again?
The damage caused by a ransomware attack lies not only in the loss of customer confidence, but also in the interruption of operations and the resulting financial loss. Until the systems are up and running again, a company is at a standstill for several days up to weeks. During this time, no customers can be served nor invoiced. This can severely jeopardise the existence of a company and, in the worst case, may lead to its insolvency.
Many companies affected by ransomware have one thing in common: they have pushed ahead with digitalisation in recent years without adapting their IT security to the new circumstances. Digitalisation brings many opportunities, but at the same time increases complexity and dependence on IT. As a result, many companies have accumulated unpredictable risks over the last few years, most of which are still unknown to the board of directors.
Would you like to know more about IT-Security or the Ransomware Readiness Check?
When was the last time you had the topic of cyber security on the agenda of the board of directors?
Cyberattacks have now made it into the top 10 business risks. Not a week goes by without reports of another successful ransomware attack on a Swiss company. According to the law, the board of directors is responsible for the risk management within a company. The design of risk management and the corresponding monitoring are among its fundamental duties.
Although ransomware is one of the biggest risks for companies, the topic of IT security is still not on the agenda of many boards of directors.
In recent times, medium-sized companies have carried out initial security checks and improvements. But in most cases, these were only selective reviews. The vast majority of companies still lack a holistic view over their threat situation and security level of their IT landscape. Individual checks are helpful in order to increase security selectively. However, this is not enough to properly assess the risks and adequately protect against cyberattacks.
What role should the board of directors play?
The board of directors does not create the security strategy and in most cases does not have a great deal of security know-how. Nevertheless, it is up to the board of directors to demand transparency from the management regarding the threat situation and the security level of their own company. The board of directors needs a 360° view of the cyber threats and the resulting risks for its organization. Only in this way can it fulfil its task and prioritize the corresponding fields of action appropriately.
5 questions the board should ask:
How can Asecus support?
Asecus has been successfully supporting Swiss companies in protecting themselves against cyber attacks since 1997. We serve over 160 active customers from various sectors such as insurance companies, hospitals, banks, industry, energy, retail & wholesale, public administration and the service sector.
Our interdisciplinary team with extensive security expertise in on-premises, cloud and hybrid environments makes us the ideal sparring partner and security advisor in today’s networked and complex world. In order to gain valuable insights into the current threat situation in a short time, we recommend our Ransomware Readiness Check. This check provides companies with an overview of the protection level of their various systems by means of network diagrams and identifies corresponding gaps at a glance.
Would you like to be contacted and learn more about IT-Security?