CyberCatch is offering an AI-enabled platform solution for continuous compliance and cyber risk mitigation, is pleased to announce several unique ransomware risk mitigation tools it is providing to organizations to help them stay safe from ransomware attacks.
Ransomware is now an epidemic and triple threat in key sectors, such as K-12, higher education, healthcare, municipalities and others, with ransom payments exceeding $1 billion USD in 2023, a 94% increase from 2022, according to Chainalysis.
Additionally, according to IBM’s Cost of a Data Breach Report 2023, ransomware attack costs increased on average by 13% to $5.13 million USD.
CyberCatch has been providing to its customers a unique and highly effective proactive, ransomware risk mitigation solution-set comprised of three components:
1. Patented, proprietary AI-enabled cybersecurity controls assessment to quickly identify non-compliance with cybersecurity mandates, such as NIST 800-171, CMMC, NIST CSF 2.0, CAN/CIOSC 104, EU NIS Directive, among others, while also identifying cybersecurity controls gaps and blind spots to ransomware in an organization, and assist eliminate before attackers can exploit.
2. Table-top simulation of a ransomware attack tailored for the organization’s cyber risk profile to test its incident response plan and detection, response and recovery to ransomware, and enhance resiliency.
3. AI-enabled, pen-test specifically simulating a ransomware attack tailored for the organization to test effectiveness of all of the controls and the defense against ransomware, and assist eliminate security holes, so attackers cannot exploit, while also enabling full compliance with cybersecurity mandates.
