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How to Protect your Business against Ransomware

Dec 13 2017

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Businesses are susceptible to a ransomware attack at any moment from any department. When someone in the office opens a disguised attachment, it could put the entire business at risk. Even someone from HR thinking they are opening a resume of a potential hire could pave the way for a ransomware attack. 

Ransomware is software that maliciously holds your files for "ransom" whether they encrypt your files or block you from accessing them. Once this software is installed on your computer, the hackers ask for a fee in order to restore your data. 

Businesses of all sizes are potential targets as ransom fees range from a few dollars to one million dollars. Any industry is a potential target as well from technology to healthcare and everything in between. Not only is there a ransom fee required to retrieve data, but there is also financial loss for business from declined productivity and other operational expenses. 

The best way to prevent an attack is to be prepared. Take a look at the tips below to protect your business against ransomware.

Employee Training

Human error is the number one entry point for hackers to break into a system. Training your employees on red flags to look out for can greatly mitigate the risk of suffering from ransomware. Double check sender information before opening attachments and enforce a two-step verification system for more security.  

Patch Management

It is important to keep your systems up-to-date on a regular basis as patch management can easily be put on the back burner. This makes your business more vulnerable as hackers look for ways to break through. Microsoft released a patch update that protected companies from the WannaCry ransomware attack, but businesses that did not install the update were affected by the cyber crime. 

Risk Management

As a business, you should identify what you rely on most for operations and have a plan in place to mitigate risks for your most valuable applications and hardware. Rather than wasting resources in the event of a ransomware attack, plan ahead and have a risk audit performed. 

Protect your business against ransomware attacks before they happen to avoid costly repercussions. Hackers are getting smarter, which is why we recommend partnering with IT professionals to secure your technology and mitigate cyber attack risks. For more information, contact us here. 

 

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