This JPMorgan Chase white paper outlines how to protect organizations from ransomware. It reports a surge in attacks—714 million in 2021—and highlights high recovery costs averaging $1.85 million. Common attack vectors include phishing and VPN/RDP vulnerabilities. Recommendations include incident response and disaster recovery plans, end-user training, cyber insurance, backups, network segmentation, software safe listing, and endpoint protection. A four-step disaster recovery plan is detailed: business impact analysis, identifying critical systems, planning, and testing. The FBI discourages paying ransoms, citing risks and no guarantee of data recovery.

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