Malicious emails coupled with a general lack of employee cyber security training is the leading cause of a successful ransomware attack. Ransomware is a type of malware that infects computer systems, restricting users’ access to the infected systems and has become the most prominent global threat to business cyber security today.
CryptoLocker is one of the most common strains of ransomware attacking companies around the world every single day. CryptoLocker renders its victim’s files unreadable using encryption, then demands payment to un-encrypt them. Typically, CryptoLocker ransom demands are not particularly high—usually in the range of $200 to $500. However, the cost of downtime associated with ransomware can add up quickly, especially if the malware spreads beyond a single computer and onto your company’s network.
Why Does It Matter To Me?
As data is the nucleus of today’s businesses, ransomware has the potential to take out even the most stable businesses in a matter of minutes. While a growing number of companies are leveraging the recommended solutions for protection, such as backup and disaster recovery technologies and anti-virus software, many are not. The latter group includes a large number of small businesses who typically operate without a dedicated in-house IT expert and from antiquated systems. These businesses rely just as heavily on data as bigger organizations, yet they often operate without the proper data protections in place to defend against, prepare for, and recover from ransomware.
Today’s cyber criminals, well aware of this vulnerability, are taking advantage and making billions. Downtime from ransomware costs small businesses around $8,500 an hour. In the US, this adds up to a loss of $75 Billion+ per year.
• The leading cause of a ransomware infection is phishing email scam followed by a lack of employee awareness.
• Ransomware also targets cloud-based applications as seen by 35 percent of IT service providers, particularly Dropbox, Office 365 and Google Apps.
What Can We Do To Protect Our Business?
Rhyme iT can help you implement reliable solutions and best practices to protect yourself.
• The #1 most effective solution for business protection from ransomware is a backup and disaster recovery (BDR). If small businesses have a BDR solution in place, nearly 100 percent of MSPs dealing with ransomware have been able to resolve the issue.
• Provide regular cyber security training to ensure all employees are able to spot and avoid a potential phishing scam in their inbox, a leading entrance point for the malware.
• Standard preventative measures, such as anti-virus software, SPAM filters, and regularly updating systems should be taken.
For more information or to contact Rhyme iT with issues you are currently experiencing,
call us at 800-362-4333 or fill out our online form.
3 Tips For Better Laptop Security
It can happen to the best of us—your shiny new phone, tablet or laptop, left in an airplane seat pocket or stolen at the local coffee shop when you got up for a refill. Imagine losing the device that connects you to the outside world, and most importantly, your work. Read More>>
Document Management Goals To Have in 2017
Document Management, in its simplest form, is a system designed to organize and manage documents. More specifically it’s a system that manages documents and information in a manner that allows for quick retrieval based on specific search criteria. Read More>>
What Is Ransomware and How To Protect Yourself
Malicious emails coupled with a general lack of employee cyber security training is the leading cause of a successful ransomware attack. Ransomware is a type of malware that infects computer systems, restricting users’ access...Read More>>
Stop Buying Downtime, Invest in Uptime
Technology is great until it breaks. It not only causes unpredictable headaches and expenses, but it can also impact your time, financials, efficiency, productivity, image. Instead of fixing technology as it breaks, take a proactive approach. Read More>>