All areas of the economy are experiencing increasingly sophisticated cyberattacks as cybercriminals take aim at some of the nation’s largest and most crucial businesses. In this episode, Partners Cynthia Cole and Matthew Baker run down five key ransomware developments and recommend ways to help minimize risk and get infected systems back up more quickly.
1. Cybersecurity Attacks on the Rise
All areas of the economy are experiencing increasingly sophisticated cyberattacks as cybercriminals take aim at some of the nation’s largest and most crucial businesses.
Ransomware is taking center stage as the cybercriminal-preferred attack method. Ransomware is a form of malware that encrypts valuable files, systems, or networks. Data is often a target.
3. Cybercrime is All Too Easy
Ransomware and other methods of attacking an organization’s internal systems and safeguards do not require sophisticated technology or extensive resources.
4. Security Well-Rehearsed is Key
Companies should have dedicated incident response teams who train regularly and are up to date on the latest industry standards
5. A Hardened System is Harder to Hack
Secure end points, off site back-ups, software patches, robust network segmentation between IT and OT networks are a few of the recommended ways to help minimize the ransomware risk and get infected systems back up more quickly
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.