Ransomware, which involves a threat actor encrypting a victim’s computer files and then demanding a ransom for their decryption, is becoming more prevalent every year. Over the past year alone, ransomware attacks have increased by 105% globally. To avoid significant losses, businesses must put ransomware prevention measures in place.
Read more: Best Ransomware Protection
Ransomware cost the world about $20 billion in 2019, and this figure is expected to rise. With the world’s reliance on being connected, attacking computer systems is an attractive target for threat actors.
Unfortunately, small and medium-sized businesses (SMBs) are disproportionately affected by ransomware. In many cases, they don’t have the same financial resources as bigger companies to dedicate to cybersecurity threats. However, there are measures that every company can take to prevent ransomware.
Read more: Ransomware Detection: How to Detect Ransomware Attacks
There are a few options available to you if you do unfortunately do get hit by ransomware:
It is not advised that you pay the ransom. Paying the ransom doesn’t guarantee the attackers will give you the decryption key. While in most cases it does, paying the ransom is generally a bad idea because of the following:
Read more on eWeek: To Pay or Not to Pay Ransomware? How to Face the Dilemma
Ransomware results in billions of dollars lost globally. However, measures such as intrusion detection systems and spam filters can help to prevent these attacks from happening in the first place.
If your business does find itself in the unfortunate position of being affected by a ransomware attack, you can try using a decryption tool or restoring from a backup. Be sure to also isolate affected devices.
Above all, avoid paying ransoms. Attackers may plan to sell or release your stolen data anyway, and paying ransom incentivizes threat actors to keep attacking businesses with ransomware.
Read more on eSecurity Planet: Could You Be a Ransomware Target? Here’s What Attackers Look for
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