Ransomware, to pay or not to pay?
Conclusion: Ransomware attacks are becoming increasingly common and Australian organisations have experienced several high-profile incidents in 2020. While the preferred option is to recover from backups, organisations may find that this is not feasible either because of the scale of the compromise or that backups themselves are compromised. While the decision to pay a ransom is complex and poses significant risks, it should be explored in parallel with the recovery from backup.
About The Advisor
Dr. Philip Nesci is an IBRS advisor specialising in digital transformation, Cloud strategy and analytics, cyber resilience and risk management, and large scale program management. Philip has an extensive track record as a CIO and an Executive in global commercial organisations such as Shell, Orica and China Light and Power, where he has orchestrated and delivered major organisational transformations enabled by technology. More recently as CIO of Monash Health and the Australian Red Cross Blood Service, Philip has focused on the Health sector and in Government leading a number of programs which have significantly reshaped the customer experience and engagement, underpinned by cyber resilience. Philip’s approach to strategy development and implementation is achieved through strong leadership and extensive engagement with Boards and Executives. Philip’s blend of business and technology experience across a wide range of industries and enhanced by working extensively in Australia, Europe, Asia and the USA, provides him with unique understanding in successfully planning and executing digital strategies to reshape business.