So, do you pay? Really depends on many factors and considerations and every organization will have a different stance. Those decisions should have been made at the executive level even before an incident. And those decisions can change when the dreaded event has arrived at your doorstep.
About the author: Cecil Pineda is the CISO and SVP at R1 – a global healthcare organization with more than 30K employees in the US, India, and the Philippines. Cecil leads a team of cybersecurity professionals and is responsible for the security of its entire infrastructure. Cecil is also the Co-Founder of CISOXC – a professional organization bringing all cybersecurity leaders to various events including large conferences and symposiums. His organization has donated over $350K to various charities. He also served as the CISO at DFW International Airport and held leadership positions at GameStop, TXU Energy, Boeing, CVS Health, and EY. He is an active member of the DFW CISO community, various cybersecurity professional organizations (ISC2, ISACA, IAPP, ISSA, and others).
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