Ransomware and Third Parties

Discussion Topics

Ransomware continues to dominate headlines with no sign of slowing down. Whatstartedmore than 30 yearsago has become one of the most prevalent and lucrativecyberattacks that does not discriminate by company size, industry, or geography. In addition, with the growth of the digital ecosystem, ransomware can now work its way not only through the primary target, but affect the third parties that a business may also be working with. Recent attacks on software providers, managed security providers, and credit agencies are perfect examples of the danger ransomware poses to third-party cyber risk management.