The Critical Role of Identity in Creating Effective Ransomware Attack Defense and Broader Business Resilience Strategies | 7 Minutes on ITSPmagazine | A Semperis Short Brand Story with Simon Hodgkinson episode artwork

EPISODE · Sep 17, 2024 · 7 MIN

The Critical Role of Identity in Creating Effective Ransomware Attack Defense and Broader Business Resilience Strategies | 7 Minutes on ITSPmagazine | A Semperis Short Brand Story with Simon Hodgkinson

from Redefining CyberSecurity · host Sean Martin, ITSPMagazine, Simon Hodgkinson

Semperis, a pioneer in identity-driven cyber resilience has published the results of its global ransomware study of nearly 1,000 IT and security professionals at organisations spanning multiple industries across the US, UK, France, and Germany. The study aims to understand the prevalence, frequency and costs of ransomware attacks—in both ransom payments and collateral damage. The results highlight an alarming trend toward multiple, sometimes simultaneous attacks, forcing business leaders to re-evaluate their cyber resilience strategies to address common points of failure, including inadequate identity system backup and recovery practices. Organisations must ensure they have appropriate controls to withstand attacks where possible, however assume a mindset that at some point they will have to recover from a catastrophic outage and therefore have a tried and tested plan to recover business operations. Given the criticality of Active Directory, firms need a dedicated means of backing up and recovering Active Directory to recover from attacks with integrity and at speed. However, according to our survey, just 23% of UK respondents stated that they have dedicated, Active Directory–specific backup systems.Now, more than ever, modernised threats require modernised defences prioritised on the most critical assets – which is the identity platform - and for most organisations this is Active Directory. Semperis is a pioneer in managing and protecting the identity credentials of enterprises' hybrid environments and was purpose-built for securing AD.  Semperis provide a portfolio of products including a free tool - Purple Knight - which organisations use to uncover unknown vulnerabilities, communicate security posture to leaders and other teams, compensate for lack of inhouse AD skills, prepare for other assessments including pen tests, and garner more resources for AD security improvements.The full ransomware study, which includes breakdowns of responses by vertical market and by country, is available at https://itspm.ag/semper6u3wLearn more about Semperis: https://itspm.ag/semperis-1rooNote: This story contains promotional content. Learn more.Guest: Simon Hodgkinson, Strategic Advisor, Semperis [@SemperisTech]On LinkedIn | https://www.linkedin.com/in/simon-hodgkinson-6072623ResourcesLearn more and catch more stories from Semperis: https://www.itspmagazine.com/directory/semperisLearn more about 7 Minutes on ITSPmagazine Short Brand Story Podcasts: https://www.itspmagazine.com/purchase-programsNewsletter Archive: https://www.linkedin.com/newsletters/tune-into-the-latest-podcasts-7109347022809309184/Business Newsletter Signup: https://www.itspmagazine.com/itspmagazine-business-updates-sign-upAre you interested in telling your story?https://www.itspmagazine.com/telling-your-story

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In this 7 Minutes on ITSPmagazine, we discuss the dilemma of ransom payments, revealing why 78% of organizations opt to pay, and examine the role of Board support in these decisions. We also delve into the long-term effects of ransomware attacks and explore strategies to prevent future incidents.

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The Critical Role of Identity in Creating Effective Ransomware Attack Defense and Broader Business Resilience Strategies | 7 Minutes on ITSPmagazine | A Semperis Short Brand Story with Simon Hodgkinson

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