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Ransomware

 

Protection -


How it's impacting businesses like yours:

1. Cybercriminals want your money and will use ransomware to take your business data hostage until you pay.

2. The FBI estimates that in 2016, ransomeware cost businesses over $1 billion.

What is Ransomware?

Malicious software that locks your files and demands payment to access them.

Ransomware is a term for the many variations of malware that infect computer systems, typically by social engineering schemes.

A cryptovirology attack encrypts critical files and systems and renders them inaccessible to the owner.

Ransomware sometimes marks the files for permanent deletion or publication on the internet. The perpetrators then demand a payment (usually in untraceable cryptocurrency like Bitcoin) for the private key required to decrypt and access the files. Infamous ransomware examples include WannaCry, CryptoLocker, CryptoWall, Locky, Ceber, KeyRanger, SmSam, TeslaCrypt, Torrentocker, and Reveton.

Who are Ransomware Perpetrators?

Cybercriminals who profit greatly by violating businesses that rely on data as a lifeblood.

Ransomware cybercriminals are organized and profitable. It is estimated that this type of attack earns criminals $10 million to $50 million per month.

There are entire ransomware outfits working out of the office buildings, making the stealthy and disruptive pieces of malicious software, and designing deceptively simple schemes to infiltrate small to medium sized businesses.

The criminals are business-minded innovators. Recently, a Ransomware-as-a-Service organized cybercrime ring was discovered, which infected around 150,000 victims in 201 countries in July 2016; splitting profits 40% to malware authors and 60% to those who discover new targets.

The overhead is low, the profits are high, the Bitcoin is anonymous, the list of targets is endless, the technology is not overly complicated, and the odds of getting caught are low. Ransomware perpetrators are sophisticated, profit-hungry, cybercriminals on the lookout for unspecting SMBs to violate.

Could my business be a Ransomware victim?

In a word: Yes

Ransomeware perpetrators cast a wide net. They target small to medium sized businesses with IT security loopholes, valuable data, and a modest budget to pay the ransom.

If data is important to your business, you are a target.

To get in to your systems, they may send a phising email to your staff. Because 94% of people can't distinguish between real email and a phishing email 100% of te time, they get in. And if they don't, they try again until someone somewhere clicks the link.

3 Layers of Protection from Ransomware

The proven defense strategy against cyber extortion includes three protection layers: Education, Antivirus, and Total Data Protection.

Education

Educate everyone with access to company email, computers and servers with a user awareness training program aimed to inform about the dangers of social engineering schemes and phising scams. Teach good security practices about email attachments and stress the importance of diligence. However, even the most educated and well-meaning staff members are not immune to human error. Education, on its own, is not adequate protection.

Antivirus

Antivirus software is the second layer of a sound defense. Quality antivirus protection can stop thousands of attack attempts per day. In case that an employee does click a malicious link or downloads a Trojan-containing attachment, antivirus will often save a system from full-blown infection. However, new strains of ransomware are always being created, often at a rate higher than antivirus can protect against them, so eventually, the probability that one infection will succeed is high.

Total Data Protection

A data protection solution provides the ultimate failsafe in a layered defense strategy against ransomware. A data protection solution will automatically and invisibly take snapshots of your data and systems at regular intervals, and store that data in a secure location. Should ransomware successfully pentrate your layered defenses, you can simply 'turn back the clock' to a snapshot of your business before the attack happened. No ransom, no downtime, no problem.

by Boland Enterprises

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