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Currently, there is no reliable overview of ransomware attacks on institutions and businesses in the Netherlands and the resulting damage. This complicates effective response. Dialogic is researching for the Research and Documentation Centre (WODC) how the nature and scale of ransomware attacks can be effectively monitored.
The risk of a cyber attack is significant and increasing. Ransomware is a specific type of cyber attack. At the core of ransomware is the pressure exerted by the perpetrator on the victim to do something against their will. Usually, this involves paying a ransom. The impact of such attacks on organisations can be substantial. Consider:
- Costs for hiring capacity to respond to the attack;
- Costs due to data loss;
- Costs due to data disclosure (reputational damage, fines, compensations, etc.);
- Ransom payments;
- Costs due to disruption of business continuity;
- Recovery costs for systems.
Due to the ongoing developments around ransomware attacks and their severe consequences, earlier this year, we identified the specific risk factors involved in such attacks for the WODC and the National Cyber Security Centre (NCSC). Read the research report here.
In order to provide the most comprehensive overview possible of the scale, nature, and impact of ransomware attacks, we will utilise various data sources.
Interested in learning more about this research? Contact Reg Brennenraedts.