The last two years have introduced new challenges to organizations across the globe -- from managing business operations through an ongoing pandemic; to a rapid-fire pivot to a digital mode of work; to an increase in cyber attacks targeting businesses directly, and through their supply chains.
Recent BitSight research shows that 75% of retail businesses may be at increased risk of ransomware attacks as indicated by poor TLS/SSL configuration management. With the holiday shopping season upon us, it's more important than ever for retailers to evaluate their security posture.
Large retail businesses may have hundreds or even thousands of TLS/SSL certificates identifying specific Internet-connected devices. Plus, many lack an organization-wide framework for discovering, cataloging, and managing TLS/SSL configurations. Instead, management is conducted on an ad hoc basis, usually at a departmental level.
Ransomware is rapidly becoming the most common form of cyberattack. According to the Verizon 2021 Data Breach Investigations Report, ransomware incidents have doubled year-over-year with headline-grabbing consequences.
As if reflecting this trend, cyber insurance ransomware claims have also risen. Data collected by the University of Cambridge found that, in 2020, ransomware comprised 54% of insurance claims compared to just 13% between 2014 and 2019.