Security researchers have discovered an emerging and alarming trend: More and more cybercriminals are turning their attention from attacks against private users to targeted ransomware attacks against businesses.
Companies need to revisit their security procedures in light of changed circumstances.
“Ransomware is targeting US companies of all sizes.”
“WannaCry ransomware attack strikes companies across Europe and US.”
“Ransomware Attacks Rise 250 Percent in 2017, Hitting U.S. Hardest”
Why Should You Care About Ransomware?
Global ransomware damage costs predicted to exceed $5 billion in 2017, up from $325 million in 2015.
Ransomware represents a problem for all types of business, large and small. Recent surveys affirm that a company is hit with ransomware every 40 seconds with small businesses being the preferred targets. The effects of a ransomware attack are devastating for any business and often extend beyond financial losses. Several other factors including the irreversible loss of important corporate data, downtime, lost productivity and reputation risk should be taken into consideration. In some cases, a large enough attack could even bring the company to the verge of bankruptcy. Yet another misfortune is the exposure of new vulnerabilities on a daily basis that makes it even harder to keep up with them all without reliable security procedures.
Ransomware – What You Need to Know
Ransomware is a type of malware that encrypts sensitive data, restricting owners of that data to access it unless they pay a fee. It often threatens to delete files if the demanded ransom is not transferred within a particular time frame.
The average amount of a ransomware demand has increased 3 times in just two years reaching $1,077 last year. And once the files are encrypted, there’s not much that can be done. Unfortunately, there is chance to lose all corrupted files irreversibly even if you do pay up. That’s why it’s so important to prevent ransomware attacks from happening in the first place.
There are some measures that you could consider to prevent your business from the overwhelming effects of ransomware attacks:
Update, update, update! Keep everything updated! This includes your operating system, browsers, common tools and security solutions.
Back up! Do regular backups of all important data stored on your computer. It is the best prevention method. Even if you are affected by ransomware, you will be able to access your data from another device. Also, it is good to keep these files in two separate locations if you can.
Keep your Firewall on! You should always keep your Firewall on and running at all times. The more layers of protection you have – the better! The Firewall controls incoming and outgoing traffic, based on security rules, so it can stop ransomware from reaching your files.
Install a security solution! AV is the most critical security layer to defend your system from ransomware attacks. With daily updates of the newest malware definitions, you can be the first to attack the hack and live your life online without worries.
The initial scan with SpyHunter can identify all existent malware on the PC and is free. By purchasing the full version of SpyHunter anti-malware you can remove all threats and be malware-free in future.