Ransomware Myths and what you should do to protect your company from attacks!

 
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In this blog we are taking a look at Webroot’s recent article, “3 Ransomware Myths Businesses Need to Stop Believing ASAP,” and what Infotect recommends to be proactive not only reactive when dealing with malicious Ransomware. You probably have heard a lot about ransomware lately, between the Oldsmar, Florida water treatment hack and the Microsoft Exchange incident that recently accord. Let’s first start with what ransomware is.

 
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More than 8 out of 10 small businesses experienced ransomware

According to the Hiscox Cyber Readiness Report, “Since 2018, up to 86% of SMBs have reported being victims of ransomware each year.” Don’t think just because you are a small company you can stay off the hacker’s radar. All Small to Medium-sized businesses could be affected by Ransomware and unlike a larger corporation, SMBs don’t have nearly the funds to pay out to the hackers or the downtime that may incur. You may not be able to completely prevent an attack, but you can minimize the damage and downtime.

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Technology + People = Protection

  • You need reliable endpoint protection that can stop harmful scripts from entering your environment.

  • Emphasize the importance of security awareness training. Provide your employees the knowledge they need to stay protected and the ability to recognize a phishing scam is critical.

  • You can never have too much backup! Don’t forget to also create a disaster recovery plan apart from normal backups.

You are only as strong as your weakest link!

 

You must stay cyber resilient

Reflect on these questions to measure your resilience.

  • Do you have a planned response for a cybersecurity incident?

  • What would it cost your business per day to lose your technology?

  • Would you know what information was compromised or how long it would take for you to be up and running again?

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To summarize the 3 Ransomware Myths are:

1. Your company is too small to be on a hacker’s radar. The truth is any size company is at risk of a Ransomware attack.

2. There is no way to prepare for an attack. The truth is you cannot definitively prevent a ransomware attack from ever happening, but you can do a great deal to mitigate the damage that does occur and the amount of time you are down. You need to be proactive in your prevention and have a strong recovery or disaster plan if something does occur.

3. I have backups already. The truth is you need more backups, especially when partnered with your disaster recovery plan!

Infotect Design Solutions has over 20 years of experience helping companies achieve their IT success and gaining peace of mind when dealing with technology. If you have more question or would like to hear about our Security Awareness training, please call us at (813)-630-2400 or email us at startfresh@infotectdesign.com

 
 
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