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State of Ransomware Preparedness - A 2024 Update

Ransomware In a Post-SEC Rules Environment

Since the publication of Axio's 2022 State of Ransomware Preparedness Report, ransomware has been established as the attack method of choice for threat actors.
 
These attacks continue to serve a range of objectives, from intelligence gathering to social unrest to financial gain and profit. No industry or sector is immune, at a time when recent SEC Rules have placed an increased spotlight on cybersecurity.
 
For 2024, Axio researchers analyzed recent ransomware attacks involving
Clorox, MGM Resorts, MOVEit, and 23andMe to answer the questions:
  • To what degree are recent headline-grabbing ransomware attacks a failure of attention to foundational cybersecurity practices?
  • Do our past research-based observations continue to support our assertion that improving foundational cybersecurity practices are a high-payoff investment in diminishing the impact of a ransomware attack?

Get the report and learn from these cases how ransomware preparedness can impact your organization. 

Axio State of Ransomware Preparedness 2024 Report

Download the report

The changing landscape for CISOs calls for a recalibration of core capabilities.

The evolution of the CISO’s role and importance in the organization requires revisiting and revising key practices, including identifying and institutionalizing cybersecurity performance metrics and risk quantification to support impact materiality calculations and considerations.

Axio360 platform in use

Axio360: The CISO’s tool for rapid cyber program maturity

Quickly understand gaps in your ability to comply with the new SEC cyber disclosure rules
Evolve the way you measure and communicate cyber risk and posture to increase the  board’s preparedness and understanding of the cyber risk profile
Quantify your risk to understand the business impact of postural deficiencies
Sustain and improve the organization's posture by building a prioritized budget and plan and tracking your performance
Leverage cyber risk quantification to rapidly and effectively comply with cyber incident reporting rules