How to Protect Your Business from a Costly Ransomware Attack
ransomware attack that blocked access to case management data and kept court offices from connecting to the internet. Shortly thereafter, the Texas DOT was also a ransomware victim. Ransomware is only becoming more prevalent and businesses are increasingly being targeted. Those that don’t have proper security and system support for their I.T., often end up paying the ransom to get back up and running, which emboldens the criminals to attack others. Ransomware attacks on businesses increased 365% between 2018 and 2019. During these attacks, companies that are unprepared can suffer serious losses due to:
Emergency costs to address the crisis
Data loss costs
Loss of sales and customer trust Being prepared is the best way to avoid falling victim to ransomware.
Tips for Safeguarding Your Company from Ransomware Ransomware attacks have become so lucrative for cybercriminals that their costs doubled between Q4 2018 and Q4 2019. The average cost of a ransomware attack is now $84,116. You can keep your Denton or Wise county business safe from a ransomware attack by employing these best practices.
Ensure You Have a Solid Backup & Recovery Strategy Not all backup plans are created equal. If you’re backing up to a local onsite server, then that backup could be infected along with your entire network in the event of a ransomware attack. You want to make sure you’re using a good backup and recovery strategy that includes a cloud backup for at least one copy of your data. Solid backup and recovery strategies include:
Having at least three copies of all your data stored in different places
Backing up regularly
Monitoring your backup to make sure it hasn’t stalled
Testing data recovery regularly
Backing up all user devices & cloud apps that store business data Having a quickly recoverable copy of all your data helps you respond fast to a ransomware attack, mitigating downtime, and keeps you from having to pay a ransom.
Train Users on How to Spot & Avoid Phishing How does ransomware get introduced into a business network in the first place? A large majority of incidents can be traced back to a click on a phishing email. Phishing is by far the #1 delivery method for malware of all types, including ransomware. Providing ongoing phishing awareness training for your employees will go a long way towards fortifying your defenses against ransomware and other online threats. Topics to teach include:
Hover over links to see the real URL before clicking
Carefully reviewing emails for spelling/grammar errors
Understanding how email spoofing is used in the “From” line of an email
Not trusting any unexpected emails, especially those from unknown sources
Understanding the emotional ploys (fear, reward, urgency) used in phishing
What to do if a questionable email is received