If you haven't heard about Ransomware by now you must have been living under a rock. This growing cyber threat has taken out millions of IT environments and shows no signs of stopping. And just as it seems we get one step ahead of the virus, a new variant is created that targets a new vulnerability in our systems.
Cybersecurity is top of mind for IT professionals, especially those working in the healthcare industry. The costs associated with a cyber-attack, like ransomware, malware, and other viruses, has increased since 2017. According to a study performed by Ponemon, in 2018 the cost associated with a data breach for the healthcare industry has been $408 per patient record, up from $308 per patient record the previous year.
Businesses are losing millions of dollars to ransomware attacks. It holds your business’ data hostage in exchange for money demands. Within a short amount of time, the ransom will double or your data will be lost forever. The most recent large scale ransomware attack, WannaCry, was a worldwide virus that infected Microsoft Office applications. This specific ransom demand was $600 per infected device, payable in Bitcoin only. It infected thousands of small to medium size businesses, but large, enterprise business are susceptible too. The City of Atlanta was shut down in March due to a ransomware attack.
Ransomware is a leading cause of downtime today and can affect any industry at any time. For this reason, it is important to be prepared and implement the proper precautions to ensure the recoverability of your data. In order to protect your business from Ransomware it is important to employ these 5 tactics, commonly referred to as the 3-2-1-1-0 rule:
While IT departments around the world have been scrambling to protect their companies from the plague that is Ransomware, cyber criminals have been coming up with new ways to spread the virus; and it's working. Studies show that Ransomware attacks have grown exponentially, from around 4 million attacks in 2015 to 638 million in 2016. Now, in 2017, the incidence of attack is on track to beat out last year.
This dramatic increase can, in part, be attributed to the spread of Ransomware as a Service, a new cyber threat that makes it easier for criminals to get their hands on the virus.
The most important asset of any business is its data. And protecting that data is the priority of each and every CIO. With the onslaught of Ransomware on the IT world, protecting mission critical data has become a major challenge. Cyber security solutions alone are no longer enough to keep data safe, companies need to educate their employees on the best practices of data security and protection.
If Ransomware and other cyber threats are not a concern in your organization, they should be. The incidence of Ransomware is up to the highest of all time and shows no sign of decline. To get an idea of how you can reduce the impact of Ransomware on your business, check out these best practices on data protection:
With Ransomware threats on the rise, more and more businesses are seeking ways to protect themselves from cyber crime. And while investing in security solutions is always a good call, the truth is that there is not one, surefire way to avoid infection by Ransomware. I know what you're thinking, "It can't happen to me." I am here to tell you that it can, and it will. Cyber criminals are constantly changing their attack tactics and developing new variations of Ransomware viruses. This means that as soon as you secure yourself against one strain of Ransomware, you become vulnerable to another. The best way to stay vigilant when it comes to Ransomware is to ensure that you do not fall prey to a false sense of security. As we learn more about Ransomware and how to fight it, myths have developed that have people and businesses believing that they are not at risk for infection by a Ransomware virus. Here are a few of those myths debunked:
Ransomware is a growing problem that is affecting thousands of companies every day. In fact, according to the Kaspersky Security Bulletin, a company is hit with Ransomware every 40 seconds. And just when you think you've outsmarted Ransomware, cyber criminals develop new variants and new tactics to infect your computer, lock you out of your files and make you pay a ransom. This means that more attacks, on more companies for more money are sure to be on the way. So with a Ransomware attack imminent, how can you avoid exposure? Here are some ways that your system can be infected with a Ransomware virus:
Cyber attacks are common place these days with an ever-expanding Internet of things. It is important to be aware of the potential for attack and to be prepared in the event that an attack on your systems or data does occur. The biggest trend in cyber security right now is that IT professionals and leaders are losing control of their technologies. Cyber security needs to be at the forefront of any businesses mind today, and oftentimes it is not and attacks occur. Let's take a look at the constantly evolving threat of cyber attack and look at some ways that you can secure yourself.