Evaluating the Impact of Repeated Global Ransomware Attacks on Governance, Risk, and Compliance Frameworks: A Computational Perspective

Nowadays, ransomware is one of the most significant threats to organizational security, causing widespread disruption across various sectors and challenging existing cybersecurity defenses. A novel concept examined in this study is the assessment of current Governance, Risk, and Compliance (GRC) frameworks against the evolving tactics of ransomware, highlighting the need for adaptability and resilience in GRC practices. The research employs a data-driven approach to analyze how modern ransomware exploits vulnerabilities in established GRC controls and provides empirical evidence through simulations to understand the effectiveness of existing measures. Results demonstrate that traditional GRC models often fall short in addressing the complexities of ransomware attacks, necessitating a shift toward more dynamic and context-aware strategies that integrate advanced technologies such as artificial intelligence for real-time monitoring and response. The study further explores the variability in GRC performance across industries, underscoring the importance of sector-specific adaptations to enhance the overall defense posture against ransomware. Ultimately, the findings advocate for a more holistic approach to GRC, emphasizing the integration of proactive risk management, continuous monitoring, and cross-functional collaboration to create a robust framework capable of withstanding global and repeated ransomware threats.