Fraud Management & Cybercrime , Governance & Risk Management , IT Risk Management

Best Protection Against Ransomware: A Good Backup Policy

EY's Pendyala Discusses Ransomware Trends in Asia, Whether to Pay the Ransom
Krishna Sastry Pendyala, partner, cybersecurity, Ernst & Young

The best protection against a ransomware attack is a very good backup policy, says Krishna Sastry Pendyala, partner, cybersecurity, at Ernst & Young.

See Also: Webinar | 2023 OT Cybersecurity Year in Review: Lessons Learned from the Frontlines

When a ransomware attack happens, he says, upper management worries about business continuity, while the CISO worries about the root cause and whether the infection is still in the system. When it comes to paying a ransom or not, Pendyala says paying should be "the last resort."

In a video interview with Information Security Media Group at ISMG's Cybersecurity Summit in Bengaluru, Pendyala also discusses:

  • Ransomware trends in Asia;
  • How data privacy laws affect the type of data an attacker targets;
  • Why enterprises should not depend on cyber insurance.

Pendyala is a partner in cybersecurity at Ernst & Young. He has over 25 years of experience in proactive, predictive and reactive domains of information and cybersecurity. Prior to EY, he held leadership roles in PwC, TCS, and the Ministry of Home Affairs.

About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.

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