May 25, 2023

Cybersecurity Resources: Ransomware

Ransomware attacks accounted for around 20% of all cyber crimes in 2022. As ransomware attacks continue to increase and evolve, financial institutions should mature beyond prevention best practices and implement an incident response playbook or checklist that can be referenced in the event of a ransomware attack.

We recommend financial institutions review the following resources when developing a ransomware incident response playbook:

  • #StopRansomware Guide - Issued by the Cybersecurity and Infrastructure Security Agency (CISA), FBI, National Security Agency, and Multi-State Information Sharing & Analysis Center (MS-ISAC) and includes best practices to prepare for, prevent, and mitigate ransomware attacks. Part 2 of the guide includes a ransomware response checklist.
  • Ransomware Incident Management Quick Reference - Issued by ISACA and includes actions that can be taken for improving ransomware readiness and response.

Don't know where to begin with strengthening and maturing your institution's cybersecurity plans? BTG provides cybersecurity consulting services including Incident Response Plan Development and Red Team Testing, Social Engineering Testing, and Enterprise-Wide Information Security & Cybersecurity Awareness Training.

Contact Elisabeth N. Esposito at for more information and for additional resources related to ransomware preparedness and incident response.