Only 19% of Cyber Risk Executives Prepared to Respond to Ransomware Attacks

Despite Washington’s recent attempts to expand cybersecurity rules and disrupt hacking gangs, ransomware continues to proliferate and executives report unease about their companies’ ability to ward off the threat. About 19% of cyber risk executives are highly confident in their organization’s ability to understand and respond to cyber threats, according to a more than 660-person survey published Thursday by Marsh & McLennan Co.’s insurance broking business and Microsoft Corp.