Chief Executive Officer Perspective
What is the role of the CEO in the event of a cyber-extortion attack?
With cyber extortion attempts on the rise, it is only a matter of time before your organization will face one if it hasn't already.
It’s likely that it’ll be a form of ransomware or cyber extortion (Cy-X) that’s beaten your defenses. Based on data from Orange Cyberdefense’s Security Navigator, the main motivation of cybercriminals remains the pursuit of profit, and ransomware attacks remain one of the most lucrative approaches.
As CEO, you are in a unique position of responsibility in the event of a cyber crisis. Your leadership - internally, to employees, and externally to customers, suppliers, regulators and other stakeholders - will be critical to support the organization to prevent, navigate and recover from a cyber crisis.
To get to this point, it is important to work with your executive committee to qualify the following key questions:
Questions you will face
Understanding what the actual threat is for your organization
Preparing for the worst‑case scenario
Defining how much to invest
Pinpoint your key challenges and actions
These are significant challenges that every CEO has to face when dealing with a cyber-attack. Being able to respond effectively to an attack starts before one has materialized.
To help you prioritize your time and energy we have created the CEO's guide to successful cyberdefense to provide top-level guidance on where to focus.
The following is based on in‑depth work with organizations both large and small to understand the actions that CEOs should take to protect their businesses from this growing danger.
Download our guide to:
- Quickly and effectively diagnose priorities and actions
- Help solidify your strategic plan for 2023
- Build a cyber-resilient organization