Although the Solarwinds attack in late 2020 and the Microsoft Exchange breach in early 2021 were not ransomware-related, the over-arching effects of those compromises has shown that despite the best efforts of information security programs, there are some serious gaps in how we have been preparing security incidents.

The ransomware attacks on Colonial Pipeline, and more recently, JBS, has, in our view, emboldened ransomware gangs to continue to target the supply chain. Lack of preparation by these two organizations resulted in approximately $15 million dollars paid out, which doesn’t include the financial losses and reputational losses experienced by the organizations from being shut down.

~Stay Secure