Ransomware Attacks: Trends & Compliance Lessons Learned

The average ransom fee requested increased from $5,000 in 2018 to around $200,000 in 2020, and according to FBI Director Christopher Wray, reports of ransomware attacks have tripled over the past year. The increased frequency and scope of these attacks present not only a business risk for a company, but legal and compliance risks as well. Is your compliance team prepared? Even if your organization is operating in full compliance with all laws and regulations, paying a ransom to a sanctioned cybercriminal in response to an attack is prohibited.

Kyle Martin, Senior Director, Customer Success and Professional Services at NAVEX Global.Kyle has over a decade of leading risk and compliance professionals across multiple industries. With consulting and implementation experience, he works directly with customers and his teams to create the ideal customer experience. Kyle leverages his product management background to coach efficient Integrated Risk Management (IRM) use and adoption, while his project management and customer service background allows him to communicate goals through all levels of the customer organization. At NAVEX, Kyle interacts with all aspects of the Customer Success Organization, directly managing both the Customer Success and Professional Services teams. His cross-functional alignment with each department at NAVEX is critical to the success of his teams, and he takes on all challenges to improve Lockpath and the experience of the customers that use our IRM platform.

Founder of Executive IT Forums, Inc. Program Director, IT GRC Forum. Chris has been working in the technology content marketing field for over 20 years focusing on enterprise cybersecurity and regulatory compliance in industries ranging from healthcare and finance to manufacturing and retail. In 2008 he founded Executive IT Forums, Inc, and set up the IT GRC Forum to produce educational content for Governance, Risk Management, and Compliance (GRC) Executives. Chris is primarily responsible for content design, course development, and delivery of educational programs, and he excels in helping clients to maximize the executive value achieved across GRC campaigns.

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