Cybersecurity Firms Share the Biggest Threat to Business Today: Ransomware!

Ransomware, it is a kind of cyber-attack that is quickly becoming the biggest threat to businesses globally. This is when hackers take control of your website or network system and demand payment before they give you back your access. It’s currently a favorite among cybercriminals because of its profitability, ease of execution, and effectiveness. However, cybersecurity firms say that there are ways to avoid becoming a victim. 

Cybersecurity Firms Share The Biggest Threat to Business Today Ransomware!

Cybersecurity Firms Explain How Ransomware Work 

Phishing email is the most common way that hackers get in your system to launch ransomware. These emails sent by hackers are usually disguised as reliable emails from a trusted source. However, once an attachment like a link or photo is clicked, it installs ransomware. Once in, threat actors then go and lock the victim’s files or encrypt them so they can demand payment in exchange for access. This is a largely organized syndicate considering that payments can go through different channels and can be in various forms. Cybersecurity firms share that some attackers can go as far as threatening to make public some sensitive information to drive up ransom amounts.  

Effect is Ransomware in Businesses 

The consequences of these attacks for businesses can be tremendously devastating. Aside from the loss of data, it is also costly and time-consuming. Moreover, the effect of one attack can haunt a business even years after the event. This is because of potential damage to reputation that will compromise supplier’s and customer’s trust. Additionally, potential lawsuits or class action by consumer or civic groups can also result from leaked customer information.  

You Can Protect Yourself from Threats

Cybersecurity Firms Shares Tips 

Fortunately, there are things that your business can do to avoid being a victim. First, start by educating your team. They must learn the importance of not clicking on attachments without proper verification. In the same vein, they must know how to recognize and avoid suspicious emails. Second, make sure your security software and applications are updated and working well. Setting them up correctly means closing any possible vulnerabilities that cybercriminals love to exploit. 

Business Continuity and Disaster Recovery is a Must! 

Aside from preventive means to secure your business, you must also have a back-up and recovery strategy in place. You can set up isolated “cold” backups that are disconnected from your main network which can remain intact even if attackers can penetrate your main system. Moreover, when you do have a back-up system, make sure to test them regularly to ensure that they’ll work when needed. Cybersecurity firms advise this so that in case of an attack, having a secure backup allows you to restore your data quickly. This will ensure that your company continues its business and avoid paying up.  

Partner with One of the Most Reliable Cybersecurity Firms 

Here at EB Solution, although we recognize that ransomware is a serious threat, we also believe that a proactive approach is essential for business. With the right security measures and business continuity plans in place, you are assured to keep your operations running smoothly and minimize the effects of any attacks. Here at EB Solutions, we have custom IT and cybersecurity solutions for your business. 

Book a consultation today to get started!