Ransomware attack simulation training essential for cyberattacks

BUSINESSES today are forced to navigate an increasingly perilous landscape of cyber threats, characterised by the increasing frequency and sophistication of cyberattacks.

- GRAHAM BROWN

The financial repercussions are staggering, with the average cost of a data breach reaching millions of dollars. According to IBM's Cost of a Data Breach Report 2024, the global average cost of a data breach in 2024 was $4.88 million (R88.6 million), which is a 10% increase over the previous year and the highest total ever.

Beyond monetary losses, the erosion of customer trust and brand reputation can be irreparable. As cyber threats evolve, businesses must prioritise robust cybersecurity measures to safeguard their assets and ensure resilience in the face of this ever-present danger.

However, despite the ever-increasing threat of cyberattacks, many organisations still lack effective controls and incident response plans, nor do they have the “muscle memory” gained from having faced and overcome a cyber breach previously.

This is where the value of a ransomware attack simulation becomes apparent, as it is a crucial component in helping to prepare organisations for effectively responding to cyber incidents.