To many, the new SEC rules that require public companies to disclose “material” cybersecurity incidents within four days of determining their materiality may seem like a challenging, if not unreasonable, demand. Companies should put a priority on preparing incident response plans that will help them meet compliance.
Senior Director of Product Strategy at Veeam
Cyber insurance only forms part of the puzzle in bolstering cyber resilience. Even with cyber insurance, businesses must not consider themselves immune from ransomware attacks. They must still implement cyber hygiene practices as part of a holistic data protection and recovery strategy.
While the threat of ransomware is real, with the right preparation organizations can increase resiliency against an incident. A multi-layered approach is key.