Despite countless breaches and media stories over the past year, executive boards aren’t prioritizing the ransomware threat.
Chris Olson, CEO of The Media Trust, added that from an organizational perspective, entrenched complacency has become the greatest barrier we encounter to cyber preparedness, especially where emerging threats are concerned. Olson said despite years of escalating ransomware and phishing attacks, many investors and executives believe that their companies are invulnerable until it is too late.
“This is especially concerning when traditional attack channels are replaced by new ones — for instance, phishing scammers are increasingly relying on digital channels like the web and mobile devices over traditional channels like email,” Olson said. “At the same time, both are becoming exponentially more dangerous as political tensions increase state-sponsored cyber activity around the world.”
