Protiviti Offers Innovative Ransomware Service to Help Companies Combat Disruptive Attacks

Rhea-AI Summary

Protiviti has introduced its enhanced Ransomware Advisory and Recovery service to combat rising ransomware threats. With over 2,400 reported attacks in 2020, companies face increased risks due to inadequate security measures. The new offering aims to assist organizations through a three-phase approach: Anticipate, Respond, and Recover. Protiviti's team of experts will guide clients in strengthening their cybersecurity posture and ensuring operational resilience during and after an attack. The service is particularly relevant for firms adapting to hybrid work environments.

Positive

• Launch of the enhanced Ransomware Advisory and Recovery service targeting rising ransomware threats.
• Three-phase approach (Anticipate, Respond, Recover) to strengthen cybersecurity and operational resilience.
• Expert team mobilized to assist organizations in managing ransomware challenges effectively.

Negative

• Increasing frequency of ransomware attacks highlights potential vulnerabilities in client organizations.
• Need for firms to adapt to evolving cybersecurity threats, indicating existing weaknesses.

MENLO PARK, Calif., Aug. 3, 2021 /PRNewswire/ -- Global consulting firm Protiviti has launched an enhanced ransomware offering within the firm's broader cybersecurity and privacy practice to help companies manage the rising threat levels to their business from malicious actors attacking and disrupting mission-critical operations. The newly expanded and specialized Ransomware Advisory and Recovery offering is designed to help organizations manage the short-term crisis of a devastating ransomware attack and get back to business and to build toward long-term resilience.

In the U.S., the FBI's Internet Crime Complaint Center reported there were more than 2,400 ransomware attacks in 2020, an increase of over 20% from the previous year. This year has already seen a series of high-profile ransomware incidents affecting vital infrastructure. The enhanced Protiviti offering comes as cyber criminals increasingly perpetrate ransomware attacks on vulnerable enterprises with weak security infrastructure and controls, often to secure financial gain by holding companies' operations hostage, usually for cryptocurrency.

"With ransomware, attacks have evolved from fringe data thieves to more sophisticated business disruptors. And when operations grind to a halt, legal disputes, regulatory demands and expenses multiply," said Terry Jost, global leader of Protiviti's Security and Privacy practice. "While we've been advising boards and executives on cybersecurity for many years, including ransomware attacks, this newly enhanced practice will serve as a focused nerve center for Protiviti clients aiming to strengthen their defenses against a variety of ransomware threats."

Three Phase Approach
Protiviti's expert cross-solution teams providing the Ransomware Advisory and Recovery offering can help clients strengthen their ransomware resilience and broader cybersecurity posture across their business via three key phases:

1. Anticipate: Forecast, understand and counter threats with an active defense
2. Respond: Manage the crisis once a ransomware attack is underway, engaging executive, legal and technical stakeholders while managing business requirements
3. Recover: Post-attack, ensure operations are restored, reinforce security systems and re-build organizational resilience

"As operational resiliency continues to be a high priority for boards and c-suite executives, strong crisis management plans and up-to-date data protection are critical not only to sustain daily operations, but also to improve efficiency and recovery time and, ultimately, progress toward becoming a more secure organization," stated Jost.

Organizing Data is Critically Important
Data is typically among the most strategic assets for any organization. "Currently, many companies operate with highly fragmented data and information, often unstructured. Complicating these situations are the changing employee expectations around hybrid work environments and data access needs. These realities require a solid, predictable mapping of all organizational data, no matter where it resides, and our team can help them with that," added Jost.

For nearly two decades, Protiviti has advised and supported businesses and global organizations to assess their cybersecurity readiness, prepare for threats, ensure their data is protected, and respond and recover from attacks when they occur—including ransomware attacks. Protiviti's Ransomware Advisory and Recovery offering mobilizes a deep bench of experienced cybersecurity and data privacy experts. For more information about the enhanced offering or to schedule a consultation with a Protiviti cybersecurity expert, please click here.

About Protiviti
Protiviti (www.protiviti.com) is a global consulting firm that delivers deep expertise, objective insights, a tailored approach, and unparalleled collaboration to help leaders confidently face the future. Protiviti and its independent and locally owned Member Firms provide clients with consulting and managed solutions in finance, technology, operations, data, analytics, governance, risk and internal audit through its network of more than 85 offices in over 25 countries.

Named to the 2021 Fortune 100 Best Companies to Work For^® list, Protiviti has served more than 60 percent of Fortune 1000 and 35 percent of Fortune Global 500 companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies. Protiviti is a wholly owned subsidiary of Robert Half (NYSE: RHI). Founded in 1948, Robert Half is a member of the S&P 500 index.

Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.

Editor's note: photo available upon request.

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SOURCE Protiviti

FAQ

What is Protiviti's new ransomware service about?

Protiviti has launched the enhanced Ransomware Advisory and Recovery service to help businesses manage and recover from ransomware attacks.

How does Protiviti plan to combat ransomware threats?

The new service utilizes a three-phase approach: Anticipate, Respond, and Recover, to enhance clients' cybersecurity resilience.

What are the recent trends in ransomware attacks?

In 2020, there were over 2,400 reported ransomware attacks in the U.S., marking a 20% increase from the previous year.

Who can benefit from Protiviti's ransomware service?

The service is designed for organizations seeking to strengthen their defenses against ransomware threats, especially amid changing work environments.

How can businesses improve their cybersecurity posture according to Protiviti?

Protiviti emphasizes the importance of effective crisis management plans and robust data protection strategies.