Ransomware gangs want to get to know your business
Ransomware has become a major threat to organizations and businesses worldwide. Ransomware is a type of malicious software that encrypts files on a computer system and demands payment in exchange for the decryption key. The cost of ransomware attacks is staggering, with businesses paying millions of dollars per event to retrieve their data.
The impact of a ransomware attack can be catastrophic, as it can lead to the loss of critical data, damage to reputation, and financial losses. In some cases, the cost of the ransom is less than the cost of the data that was lost. Moreover, there is no guarantee that paying the ransom will result in a full decryption of the data. Imagine first negotiating with the same criminals who attacked your business, then jumping through the hoops to pay them their ill-gotten gains only to find the decryption key doesn't even work properly. That's a bad day.
Ransomware attacks used to be a single form of extortion - encrypted data requires the key to decrypt. Thus, the exchange was in exchange for the key to get back into your systems and access your data. Today's ransomware attacks are double and triple extortion events that including data exfiltration and even DDOS attacks to bring down your web facing services.
The best recovery against ransomware's data encryption is to have a comprehensive backup system in place. Backing up your data regularly ensures that you can restore your system to a previous state in case of an attack. It is important to also keep backups offsite and disconnected from the network to prevent them from being encrypted by the ransomware. This is sometimes referred to as an air-gapped backup.
Another important defense against ransomware is to patch information systems against disclosed vulnerabilities. Software vendors frequently release security patches to address vulnerabilities in their products. Failing to apply these patches can leave your system vulnerable to attack.
Furthermore, organizations should have a comprehensive security program that includes training employees on how to identify and avoid phishing emails and other social engineering attacks that are commonly used to spread ransomware. It is important to educate employees on how to recognize suspicious emails and links, and to report them to the appropriate person in the organization.
Ransomware is a significant threat that can have severe consequences for organizations and businesses these days. Backing up your data regularly, patching information systems against disclosed vulnerabilities, and educating employees on how to avoid social engineering attacks are essential measures to mitigate the risk of ransomware. By implementing these measures, organizations can reduce the impact of ransomware attacks and ensure that they are better prepared to recover from them.
If you're interested in learning more, please contact us and schedule an appointment. We offer services and solutions that help to prevent ransomware attacks and can dramatically reduce time to containment and recovery if there is an event.