Most people are surprised when they hear the statistic that the average cost of recovering from a ransomware attack in 2021 was $4.62 million. This number doesn’t even factor in the cost of the actual ransom. Given this staggering statistic, it’s worth exploring what can be done about it.
Ransomware is a type of malware that seizes control of your system and is used by hackers to extort money from the system’s owner and only gives access back after you pay a ransom. The hacker usually seizes this control by installing encryption on the network’s data.
Attacks like these can affect everything from internal systems to customer data. Each attack will be unique depending on the vulnerabilities of the system being broken into.
Corporate ransomware refers to attacks that target larger corporations.
In most cases, ransomware won’t be possible to remove from a system without meeting the demands of the ransom. Almost all ransomware encryptions are progressive algorithms, meaning they will continually evolve and change to be more advanced making them nearly impossible to crack. If an attempt is made to reset your system to factory settings, that usually means sacrificing valuable data and information.
How to Prevent Ransomware Attacks
The best way to stop the consequences of ransomware attacks is to stop them from getting into your system in the first place. Here are some preventative measures your company should take to stop ransomware attacks before they begin.
Backup Your Data
Make sure you always have your most valuable information saved and on a backup system. This will include employee data and information as well as customer information. If your systems get seized by ransomware, you can wipe your system clean because you have all the data you need to continue operating as a company.
Conduct Ransomware Security Training
More often than not, the non-executive level employees will be targeted far more frequently than the executive level employees. All it takes is for an employee to open an email and click on a link from a phishing scam, and the entirety of your systems can be locked behind ransomware. Employees usually click on these toxic links not because they are incompetent, but because they simply lack the proper training.
Training employees on the red flags of these dangerous links and phishing schemes is one of the best ways to infiltrate. It is essential that the training also goes in-depth on proper operating system maintenance and clear communication regarding cyberattacks.
Don’t Wait To Protect Your Business
Make sure you look into cybersecurity experts as soon as you can to protect your system from ransomware. There’s never too much you can do to protect the data of both your employees and your consumers.