Internet Security, Ransomware

Ransomware: Protection and Prevention

Computer security is more important now than ever. In addition to  traditional anti-virus programs, computer owners and administrators should now be focused on ransomware. Ransomware attacks are growing in size and impact. Up by 128%, the number of ransomware attacks are at an all-time high and now reach over 7,000,000 attacks yearly. Both businesses and individuals are victims of ransomware. In a 2016 survey by American Internet security company, Malwarebytes; 39% of companies polled experienced a ransomware attack. 37% of those businesses attacked actually paid the ransom demands. As a business owner, you can no longer turn your head and ignore the threat of ransomware to your business.

ransomware attack

How Can Ransomware Affect My Business ?

Each year, millions of ransom attacks are attempted on both small and large companies. Ransomware can encrypt your company’s most important files, such as accounting, medical data, or confidential customer information. Once encrypted, you can’t get the files back — unless you pay the ransom. In February 2016, Hollywood Presbyterian Hospital paid $17,000 to retrieve patient data from hackers. The Verizon Data Breach Investigations report estimates that if 1,000 records are lost, businesses can expect to lose more than $67,000. As the size of the breach increases, so does the cost to business — exponentially. Some newer forms of ransomware threaten businesses not only with encrypting files but also leaking them online. Imagine if this happens to your business.

Should You Pay the Ransom?

Are You Vulnerable?

Everyone is vulnerable to a ransomware attack. There is no silver bullet. However, you and your business are especially vulnerable if any the following are true:

  • You use legacy (old and outdated) software.
  • Your browser and/or Operating Systems are not patched or updated regularly.
  • You operate with outdated equipment.
  • You don’t have a legitimate backup plan.
  • You lack a comprehensive cyber-security strategy.

What do you do if you are a victim?

Proactive Ransomware Prevention

The best protection is prevention. Take these steps to keep ransomware from harming your business:

  • Patch your system – Keep browsers, OSes, and other software applications up-to-date.
  • Educate users – One of the most common ways that computers are infected with ransomware is through social engineering. Educate users on how to detect phishing campaigns, suspicious websites, and other scams.
  • Back up files – Make secure copies of your data on a regular basis and store them offsite. We recommend storage on a secure cloud server with high-level encryption and multiple-factor authentication.
  • Invest in layered security – Installing multiple layers of cyber-security protection can detect and block  ransomware attacks before they happen. For the best protection, we recommend these layers: 
    1. Firewall,
    2. Anti-exploit,
    3. Anti-virus with active monitoring,
    4. Anti-malware, and
    5. Anti-ransomware.

CompuGeaux Can Help!

Take your first step in proactive ransomware prevention by contacting CompuGeaux! A business solutions consultant will brainstorm with you to find a personalized solution to prevent and minimize any affects of a direct ransomeware attack on your company computer systems.

CompuGeaux

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