Picture this: you’re working at your desk, just like any other normal weekday.
Your notification bell dings and suddenly there’s an email in your inbox that, though it looks somewhat suspicious, mentions a C-suite executive, client, or other internal information. It could be important, so you click the link or download the attached file.
Your screen goes black and a pop up window comes up demanding money in exchange for your company data.
This situation may sound straight out of a 90’s cybercrime movie, but it happens every day. It’s called ransomware.
Ransomware is responsible for 23% of all cyberattacks on businesses (according to the 2021 IBM X-Force Threat Intelligence Index), making it the most popular form of cybercrime.
But how does ransomware affect your business and, more importantly, how can you prevent it from happening?
Here’s what you’ll learn in this post:
- What is ransomware?
- How does ransomware affect your business?
- How can you prevent ransomware?
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About The CFO Leadership Council
What began as a personal experiment back in 2006 has evolved into a prominent community, 2000+ members and 28 chapters strong, across North America. The CFO Leadership Council, now a part of the Chief Executive Group community, offers both in person and online options featuring expert panelists and interactive sessions that foster meaningful connection and drive practicable outcomes. Our collection of resources, similar to this article, contain pragmatic insights and advice created directly by our members and industry experts. Recordings of CFOLC webcasts are made available to our current CFOLC Premium & Virtual members. For a full list of programs, visit www.cfolc.com.
About CFOLC Membership
The CFO Leadership Council is a community dedicated to empowering our members to grow and thrive. We provide insights needed to overcome any challenge a CFO may face and meaningful connectivity to a dynamic community of peers in a way that is most convenient and beneﬁcial. Who are our members? CFOs, Senior Vice Presidents, Vice Presidents of Finance, Director of FP&A, CAO, Controllers, Directors of Finance, and other senior financial leaders make up our membership and are invited to join. Start connecting today at www.cfolc.com/membership